Young Broadcasting Inc. Announces Results of Its Free Time Campaign Initiative

Young Broadcasting Inc. ("YBI”) (NASDAQ:YBTVA) today announced that 72 candidates participated in its political campaign initiative during the midterm elections, taking advantage of 240 minutes of free, issue-oriented air-time on the newscasts of YBI’s ten broadcast stations. As part of this initiative, political statements by participating candidates ran on multiple newscasts, as well as in elections specials and on station Web sites. Under the policy, all ten broadcast stations in YBI’s station group allowed candidates in key races to give an unedited response to an issue or multiple issues chosen by the television stations. The stations gave these responses set time limits, which varied from 50-60 seconds, depending on the station. The offer applied to federal (Senate and House of Representatives), state and local races, at the discretion of each station. This opportunity has been well received by candidates such as Dianne Feinstein, California senator, who in a recent letter to YBI’s San Francisco station said, "The public needs and deserves to have a chance during the election season to hear from candidates in an unedited format. In recording and airing these public service announcements, KRON4 is doing something that I don’t believe any other station in California has done for the November 7, 2006 election.” "YBI takes seriously its obligation to bring candidates’ views to the public,” remarked Vincent Young, Chairman of YBI. "Our stations provide extensive coverage of political races as part of our award winning local newscasts. We believe that our "Free Time” initiative provides candidates with a valuable platform to explain their positions directly to voters.” Mr. Young also noted that, for the fourth consecutive election cycle, YBI stations’ gross political billings exceeded $30 million. YBI expects that total political spending in 2006 will be about $31.6 million. About Young Broadcasting Young Broadcasting owns ten television stations and the national television representation firm, Adam Young Inc. Five stations are affiliated with the ABC Television Network (WKRN-TV – Nashville, TN, WTEN-TV – Albany, NY, WRIC-TV – Richmond, VA, WATE-TV – Knoxville, TN, and WBAY-TV – Green Bay, WI), three are affiliated with the CBS Television Network (WLNS-TV – Lansing, MI, KLFY-TV – Lafayette, LA and KELO-TV – Sioux Falls, SD) and one is affiliated with the NBC Television Network (KWQC-TV – Davenport, IA). KRON-TV – San Francisco, CA which had been the largest independent station in the U.S. and the only independent VHF station in its market, became a MyNetwork TV affiliate on September 5, 2006. Any statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are advised that such forward-looking statements are subject to risks and uncertainties that could significantly affect actual results from those expressed in any such statements. Readers are directed to Young Broadcasting's Annual Report on Form 10-K for the year ended December 31, 2005, as well as its other filings from time to time with the Securities and Exchange Commission, for a discussion of such risks and uncertainties. Such risks and uncertainties include, among other things, the impact of changes in national and regional economies, the ability to successfully integrate acquired television stations (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, volatility in programming costs and geopolitical factors. Statements included in this press release are based upon information known to the Company as of the date of this press release, and the Company assumes no obligation to update or revise the forward-looking statements contained in this press release, except as otherwise required by applicable federal securities laws.