EXHIBIT 11

YOUNG BROADCASTING INC. AND SUBSIDIARIES  RE COMPUTATION OF PER SHARE EARNINGS

|                                                                                                                                                                                     |  | THREE MONTHS ENDED |             | NINE MONTHS ENDED |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ------------------ | ----------- | ----------------- | -
|
|Shares of common stock outstanding for the entire period                                                                                                                             |  |                    | 19,597,473  |                   |  
|Issuance of 35,691 and 47,573 shares of common stock to the company's defined contribution plan in 2001 and 2002                                                                     |  |                    | 8,308       |                   |  
|Issuance of 27,550 and 250 shares of common stock upon exercise of options in 2001 and 2002                                                                                          |  |                    | 436         |                   |  
|Issuance of 5,669 shares of common stock to the Company's Employee stock purchase plan in 2002                                                                                       |  |                    |            |                   |  
|Issuance of 3,000,000 shares of common stock                                                                                                                                         |  |                    |            |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|Weighted average shares of common stock outstanding                                                                                                                                  |  |                    | 19,606,217  |                   |  
|Diluted effect of 3,749,451 options in 2002 expected to be exercised under the treasury stock method using the weighted average market price of the company's shares of common stock |  |                    |            |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|Total diluted weighted average shares of common stock for the period                                                                                                                 |  |                    | 19,606,217  |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|(Loss) income from continuing operations before cumulative effect of accounting change                                                                                               |  | $                  | (15,183,075 | )                 | $
|Discontinued operations:                                                                                                                                                             |  |                    |             |                   |  
|Income from discontinued operations, net                                                                                                                                             |  |                    | 1,747,963   |                   |  
|Gain on sale of station, net                                                                                                                                                         |  |                    |            |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|(Loss) income before cumulative effect of accounting change                                                                                                                          |  |                    | (13,435,112 | )                 |  
|Cumulative effect of accounting change, net                                                                                                                                          |  |                    |            |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|Net (loss) income                                                                                                                                                                    |  | $                  | (13,435,112 | )                 | $
|                                                                                                                                                                                     |  |                    |             |                   |  
|Basic (loss) income per common share:                                                                                                                                                |  |                    |             |                   |  
|(Loss) income from continuing operations                                                                                                                                             |  | $                  | (0.77       | )                 | $
|Income from discontinued operations, net                                                                                                                                             |  |                    | 0.09        |                   |  
|Gain on sale of station, net                                                                                                                                                         |  |                    |            |                   |  
|Cumulative effect of accounting change, net                                                                                                                                          |  |                    |            |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|Net (loss) income per common share                                                                                                                                                   |  | $                  | (0.68       | )                 | $
|                                                                                                                                                                                     |  |                    |             |                   |  
|Diluted (loss) income per common share:                                                                                                                                              |  |                    |             |                   |  
|(Loss) income from continuing operations                                                                                                                                             |  | $                  | (0.77       | )                 | $
|Income from discontinued operations, net                                                                                                                                             |  |                    | 0.09        |                   |  
|Gain on sale of station, net                                                                                                                                                         |  |                    |            |                   |  
|Cumulative effect of accounting change, net                                                                                                                                          |  |                    |            |                   |  
|                                                                                                                                                                                     |  |                    |             |                   |  
|Net (loss) income per common share                                                                                                                                                   |  | $                  | (0.68       | )                 | $
|                                                                                                                                                                                     |  |                    |             |                   |  

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