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KRON 4 (Young Broadcasting) Files for Bankruptcy

KRON 4 (Young Broadcasting) Files for Bankruptcy

KRON 4's parent company, Young Broadcasting, (finally) filed for bankruptcy today, according to sources. KRON, once the Bay Area's NBC affiliate, has been for sale since last year. Most recently, Young Broadcasting Inc., skipped out on a $6.125 million interest payment to lenders. Back in November of 2008, Young made public that "it had been unable to sell KRON and might have to file for Chapter 11 bankruptcy protection." Looks like that day has finally come for the beleaguered San Francisco station. KRON bills itself as "the Bay Area's news station," featuring original programming and syndicated shows (like Dr. Phil and Sex and the City reruns). We'll update as soon as we know more. more ›

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