**EXHIBIT11**

 

YOUNG BROADCASTING INC.AND SUBSIDIARIES

RE COMPUTATION OF PERSHARE EARNINGS

 
|                                                                                                                     |   | **THREE  MONTHS ENDED** |
|--------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|
|                                                                                                                     |   | **March 31,  2002 ***   |   | **March 31,  2003** |   |
| Shares of common  stock outstanding for the entire period                                                                |   | 19,634,016              |   | 19,717,544 |   |
|                                                                                                                     |   |                    |   |   |   |
| Issuance of 12,536  and 17,132 shares of common stock to the company’s defined contribution plan  in 2002 and 2003  |   | 9,472                   |   | 12,754 |   |
|                                                                                                                     |   |                    |   |   |   |
| Issuance of 250  shares of common stock upon exercise of options in 2002                                                 |   | 206                     |   | — |   |
|                                                                                                                     |   |                    |   |   |   |
| Issuance of  2,948 and 7,527 shares of common stock to the Company’s Employee stock  purchase plan in 2002 and 2003 |   | 2,227                   |   | 6,858 |   |
|                                                                                                                     |   |                    |   |   |   |
| Weighted average  shares of common stock outstanding                                                                     |   | 19,645,921              |   | 19,737,156 |   |
|                                                                                                                     |   |                    |   |   |   |
| Loss from  continuing operations before cumulative effect of accounting change                                           |   | $                       | (31,261,404 | ) | $ | (17,720,932 | ) |
| Discontinued  operations:                                                                                                |   |                    |   |   |   |
| Income from  discontinued operations, net                                                                                |   | 2,886,254               |   | — |   |
| Loss before  cumulative effect of accounting change                                                                      |   | (28,375,150             | ) | (17,720,932 | ) |
|                                                                                                                     |   |                    |   |   |   |
| Cumulative  effect of accounting change, net                                                                             |   | (184,904,433            | ) | — |   |
|                                                                                                                     |   |                    |   |   |   |
| Net loss                                                                                                                 |   | $                       | (213,279,583 | ) | $ | (17,720,932 | ) |
|                                                                                                                     |   |                    |   |   |   |
| Basic and  diluted loss per common share:                                                                                |   |                    |   |   |   |
| Loss from  continuing operations                                                                                         |   | $                       | (1.59 | ) | $ | (0.90 | ) |
| Income from  discontinued operations, net                                                                                |   | 0.15                    |   | — |   |
| Cumulative  effect of accounting change, net                                                                             |   | (9.42                   | ) | — |   |
| Net loss per  common share                                                                                               |   | $                       | (10.86 | ) | $ | (0.90 | ) |

 

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* Restated

 

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