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EXHIBIT 11
YOUNG BROADCASTING INC. AND SUBSIDIARIES
RE COMPUTATION OF PER SHARE EARNINGS
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SIX MONTHS ENDED THREE MONTHS ENDED
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JUNE 30, JUNE 30, JUNE 30, JUNE 30,
1999 2000 1999 2000
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<S> <C> <C> <C> <C>
SHARES OF COMMON STOCK OUTSTANDING
FOR THE ENTIRE PERIOD....................................... 13,810,270 13,493,723 13,631,367 13,504,336
ISSUANCE OF 10,547 AND 22,243 SHARES OF COMMON STOCK
TO THE COMPANY'S DEFINED CONTRIBUTION PLAN IN
1999 AND 2000................................................ 6,631 12,351 6,214 16,458
ISSUANCE OF 8,363 AND 6,200 SHARES OF COMMON STOCK
UPON EXERCISE OF OPTIONS IN 1999 AND 2000.................... 3,725 5,246 1,704 -
REPURCHASE OF 290,700 AND 11,000 SHARES OF COMMON
STOCK UNDER BUYBACK PROGRAM IN 1999 AND 2000................. (135,847) (121) (15,388) (242)
ISSUANCE OF 3,888,788 SHARES OF COMMON STOCK FOR THE
KRON and BAYTV ACQUISITION.................................. - 106,835 - 213,670
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WEIGHTED AVERAGE SHARES OF COMMON STOCK
OUTSTANDING.................................................. 13,684,779 13,618,034 13,623,897 13,734,222
DILUTED EFFECT OF 1,921,314 OPTIONS IN 1999 AND
2,281,403 OPTIONS IN 2000 EXPECTED TO BE EXERCISED
UNDER THE TREASURY STOCK METHOD USING THE
WEIGHTED AVERAGE MARKET PRICE OF THE COMPANY'S
SHARES OF COMMON STOCK...................................... - 1,139,939 629,191 887,240
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TOTAL DILUTED WEIGHTED AVERAGE SHARES OF
COMMON STOCK FOR THE PERIOD................................. 13,684,779 14,757,973 14,253,088 14,621,462
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NET INCOME (LOSS)............................................. $(5,137,213) $10,619,493 $ 2,605,683 $ 734,366
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NET INCOME (LOSS) PER COMMON SHARE
BASIC
NET INCOME (LOSS)........................................ $ (0.38) $ 0.78 $ 0.19 $ 0.05
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DILUTED
NET INCOME (LOSS)......................................... $ (0.38) $ 0.72 $ 0.18 $ 0.05
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