**EXHIBIT11**

 

YOUNG BROADCASTINGINC. AND SUBSIDIARIES

RE COMPUTATION OFPER SHARE EARNINGS

 
| ** **                                                                                                              | ** ** | **THREE MONTHS ENDED** | ** **  | **NINE MONTHS ENDED**  | ** ** |
|-------------------------------------------------------------------------------------------------------------------------|------------|------------------------|-------------|------------------------|------------|
| ** **                                                                                                              | ** ** | **September 30  2003** | ** **  | **September 30  2004** | ** ** | **September 30  2003** | ** ** | **September 30  2004** | ** ** |
| Shares of common  stock outstanding for the entire period                                                               |       | 19,782,229             |        | 19,866,560             |       | 19,717,544 |   | 19,825,271 |   |
|                                                                                                                    |       |                   |        |                   |       |   |   |   |   |
| Issuance of  56,533 and 49,868 shares of common stock to the Company’s defined contribution  plan in 2003 and 2004 |       | 11,189                 |        | 19,497                 |       | 37,226 |   | 28,575 |   |
|                                                                                                                    |       |                   |        |                   |       |   |   |   |   |
| Issuance of  15,000 and 4,288 shares of common stock upon exercise of options in 2003 and  2004                         |       | 153                    |        | —                 |       | 6,037 |   | 3,339 |   |
|                                                                                                                    |       |                   |        |                   |       |   |   |   |   |
| Issuance of  18,060 and 18,541 shares of common stock to the employee stock purchase plan  in 2003 and 2004             |       | 9,617                  |        | 9,175                  |       | 10,570 |   | 10,604 |   |
|                                                                                                                    |       |                   |        |                   |       |   |   |   |   |
| Weighted average  shares of common stock outstanding                                                                    |       | 19,803,188             |        | 19,895,232             |       | 19,771,377 |   | 19,867,789 |   |
|                                                                                                                    |       |                   |        |                   |       |   |   |   |   |
| Loss from  continuing operations                                                                                        |       | $                      | (12,017,879 | )                      | $          | (12,117,880 | ) | $ | (38,143,929 | ) | $ | (43,094,640 | ) |
| Income from  discontinued operations, net of taxes                                                                      |       | (35,363                | )           | (13,851                | )          | 2,259,594 |   | 96,525 |   |
| Net loss                                                                                                                |       | $                      | (12,053,242 | )                      | $          | (12,131,731 | ) | $ | (35,884,335 | ) | $ | (42,998,115 | ) |
|                                                                                                                    |       |                   |        |                   |       |   |   |   |   |
| Basic loss per  common share:                                                                                           |       |                   |        |                   |       |   |   |   |   |
| Loss from  continuing operations                                                                                        |       | $                      | (0.61       | )                      | $          | (0.61 | ) | $ | (1.93 | ) | $ | (2.17 | ) |
| Income from  discontinued operations, net                                                                               |       | —                 |        | —                 |       | 0.11 |   | 0.01 |   |
| Net loss per  common share                                                                                              |       | $                      | (0.61       | )                      | $          | (0.61 | ) | $ | (1.82 | ) | $ | (2.16 | ) |

 

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