**EXHIBIT 11**

 

YOUNG BROADCASTING INC. AND SUBSIDIARIESRE COMPUTATION OF PER SHARE EARNINGS

 
| ** **                                                                                                               | ** ** | **THREE MONTHS ENDED** | ** **  |
|--------------------------------------------------------------------------------------------------------------------------|------------|------------------------|-------------|
| ** **                                                                                                               | ** ** | **March 31,**     | ** **  | **March 31,** | ** ** |
| ** **                                                                                                               | ** ** | **2004**               | ** **  | **2005** | ** ** |
| Shares of common stock outstanding for the  entire period                                                                |       | 19,825,271             |        | 19,924,700 |   |
|                                                                                                                     |       |                   |        |   |   |
| Issuance of 11,802 and 23,544 shares of  common stock to the Company’s defined contribution plan in 2004 and 2005   |       | 10,635                 |        | 21,974 |   |
|                                                                                                                     |       |                   |        |   |   |
| Issuance of 3,238 and 0 shares of common  stock upon exercise of options in 2004 and 2005                                |       | 1,499                  |        | — |   |
|                                                                                                                     |       |                   |        |   |   |
| Issuance of 7,990 and 12,502 shares of  common stock to the Company’s employee stock purchase plan in 2004 and 2005 |       | 6,585                  |        | 8,612 |   |
|                                                                                                                     |       |                   |        |   |   |
| Weighted average shares of common stock  outstanding                                                                     |       | 19,843,990             |        | 19,955,286 |   |
|                                                                                                                     |       |                   |        |   |   |
| Loss from continuing operations                                                                                          |       | $                      | (21,281,406 | ) | $ | (30,558,694 | ) |
| (Loss) income from discontinued operations,  net of taxes (including gain on sale of station of $11.2 million in 2005)   |       | (20,617                | )           | 11,207,626 |   |
| Net Loss                                                                                                                 |       | $                      | (21,302,023 | ) | $ | (19,351,068 | ) |
|                                                                                                                     |       |                   |        |   |   |
| Basic and diluted net loss per common  share:                                                                            |       |                   |        |   |   |
| Loss from continuing operations                                                                                          |       | $                      | (1.07       | ) | $ | (1.53 | ) |
| (Loss) income from discontinued operations                                                                               |       | —                 |        | 0.56 |   |
| Net loss per common share basic and diluted                                                                              |       | $                      | (1.07       | ) | $ | (0.97 | ) |

 

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