**EXHIBIT 11**

 

YOUNG BROADCASTING INC. AND SUBSIDIARIES

RE COMPUTATION OF PER SHARE EARNINGS

 
| ** **                                                                                                                                       | ** ** | **THREE MONTHS ENDED** | ** **  |
|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------------------|-------------|
| ** **                                                                                                                                       | ** ** | **March 31,  2005**    | ** **  | **March 31,  2006** | ** ** |
| Shares of  common stock outstanding for the entire period.                                                                                       |       | 20,026,788             |        | 20,849,065 |   |
|                                                                                                                                             |       |                   |        |   |   |
| Issuance of 23,544 and 109,802 shares of  common stock to the Company’s defined contribution plan in 2005 and 2006                          |       | 21,974                 |        | 86,622 |   |
|                                                                                                                                             |       |                   |        |   |   |
| Issuance of 12,502 and 11,376 shares of  common stock to the Company’s employee stock purchase plan in 2005 and 2006,  net of cancellations |       | 8,612                  |        | 10,277 |   |
|                                                                                                                                             |       |                   |        |   |   |
| Cancellation of 3,381 and 11,374 shares of  common stock under the equity incentive plan in 2005 and 2006                                        |       | (1,378                 | )           | (7,969 | ) |
|                                                                                                                                             |       |                   |        |   |   |
| Weighted average shares of common stock  outstanding                                                                                             |       | 20,055,996             |        | 20,937,995 |   |
|                                                                                                                                             |       |                   |        |   |   |
| Loss from continuing operations                                                                                                                  |       | $                      | (30,558,694 | ) | $ | (30,635,328 | ) |
| Income from discontinued operations, net of  taxes (including gain on sale of station of $11.2 million in 2005)                                  |       | 11,207,626             |        | — |   |
| Net Loss                                                                                                                                         |       | $                      | (19,351,068 | ) | $ | (30,635,328 | ) |
|                                                                                                                                             |       |                   |        |   |   |
| Net loss per common share basic and  diluted:                                                                                                    |       |                   |        |   |   |
| Loss per common share from continuing  operations                                                                                                |       | $                      | (1.52       | ) | $ | (1.46 | ) |
| Income per common share from discontinued  operations                                                                                            |       | 0.56                   |        | — |   |
| Net loss per common share basic and diluted                                                                                                      |       | $                      | (0.96       | ) | $ | (1.46 | ) |

 

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