Wednesday, January 28, 2009

Nasdaq Drops YOUNG Broadcasting from Stock Exchange--Where Goes KRON4'S Radnich?

Now that YOUNG Broadcasting, the parent of KRON-TV, (KRON4) has been dropped from the Nasdaq and Stock Exchange due to it's penny stock, the immediate future of Channel 4 and it's star Sports anchor, Gary Radnich remains unclear.

Radnich, who also does a morning talk-show for KNBR, AM 680 from 9- Noon is considered to be the most popular media personality in the SF Bay Area, the country's fourth-largest market.
His salary, combining both his TV and radio affiliation, is believed to be in the seven-figure area.

Radnich's contract at KRON4 runs through 2009.

There is widespread speculation that YOUNG'S status make it highly likely that KRON may go bankrupt. It recently laid off several on and off-air personnel and is currently running infomercials in prime time.

Developing Story...

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