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EXHIBIT 11
YOUNG BROADCASTING INC. AND SUBSIDIARIES
RE COMPUTATION OF PER SHARE EARNINGS
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NINE MONTHS ENDED THREE MONTHS ENDED
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SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
1999 2000 1997 1999 1996 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 13,538,480 17,399,954
ISSUANCE OF 16,360 AND 34,936 SHARES OF COMMON STOCK
TO THE COMPANY'S DEFINED CONTRIBUTION PLAN IN
1999 AND 2000 ............................................. 9,739 19,703 5,308 12,003
ISSUANCE OF 10,987 AND 6,950 SHARES OF COMMON STOCK
UPON EXERCISE OF OPTIONS IN 1999 AND 2000 ................. 5,711 5,766 1,255 595
REPURCHASE OF 348,400 AND 888,631 SHARES OF COMMON
STOCK UNDER BUYBACK PROGRAM IN 1999 AND 2000 .............. (205,574) (204,618) (52,055) (585,205)
ISSUANCE OF 3,888,788 SHARES OF COMMON STOCK FOR THE
KRON and BAYTV ACQUISITION ................................ -- 1,376,688 -- --
------------ ------------ ------------ ------------
WEIGHTED AVERAGE SHARES OF COMMON STOCK
OUTSTANDING ..................................................... 13,620,146 14,691,262 13,492,988 16,827,347
DILUTED EFFECT OF 2,280,653 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 ......................... -- 1,234,579 -- --
------------ ------------ ------------ ------------
TOTAL DILUTED WEIGHTED AVERAGE SHARES OF
COMMON STOCK FOR THE PERIOD.................................. 13,620,146 15,925,841 13,492,988 16,827,347
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NET (LOSS) INCOME................................................ $(26,744,683) $ 8,985,286 $(21,607,470) $ (1,634,207)
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NET (LOSS) INCOME PER COMMON SHARE
BASIC
NET (LOSS) INCOME......................................... $ (1.96) $ 0.61 $ (1.60) $ (0.10)
============ ============ ============ ============
DILUTED
NET (LOSS) INCOME ............................................... $ (1.96) $ 0.56 $ (1.60) $ (0.10)
============ ============ ============ ============
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