**EXHIBIT 11**

**YOUNGBROADCASTING INC. AND SUBSIDIARIES**

**RECOMPUTATION OF PER SHARE EARNINGS**
| ** **                                                                                                               | ** ** | **THREE MONTHS ENDED** | ** **  | **SIX MONTHS ENDED** | ** ** |
|--------------------------------------------------------------------------------------------------------------------------|------------|----------------------------------|-------------|--------------------------------|------------|
| ** **                                                                                                               | ** ** | **June 30**                 | ** **  | **June 30**               | ** ** | **June 30** | ** ** | **June 30** | ** ** |
| ** **                                                                                                               | ** ** | **2005**                         | ** **  | **2006**                       | ** ** | **2005** | ** ** | **2006** | ** ** |
| Shares of common stock  outstanding for the entire period.                                                               |       | 20,059,453                       |        | 20,958,869                     |       | 20,026,788 |   | 20,849,065 |   |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |
| Issuance of 62,217 and  237,442 shares of common stock to the Company’s defined contribution plan in  2005 and 2006 |       | 29,748                           |        | 117,822                        |       | 37,720 |   | 157,512 |   |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |
| Issuance of 417,651 and  526,650 shares of common stock under the 2004 equity incentive plan in 2005  and 2006           |       | 32,590                           |        | 146,657                        |       | 14,000 |   | 54,265 |   |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |
| Issuance of 12,502 and  11,376 shares of common stock to the employee stock purchase plan in 2005 and  2006.             |       |                             |        |                           |       | 10,568 |   | 10,829 |   |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |
| Weighted average shares  of common stock outstanding                                                                     |       | 20,121,791                       |        | 21,223,347                     |       | 20,089,076 |   | 21,071,672 |   |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |
| Loss from continuing  operations                                                                                         |       | $                                | (36,153,513 | )                              | $          | (10,988,310 | ) | $ | (66,712,207 | ) | $ | (41,623,638 | ) |
| Income loss from  discontinued operations, net of taxes                                                                  |       | (822                             | )           | —                         |       | 11,206,804 |   | — |   |
| Net loss                                                                                                                 |       | $                                | (36,154,335 | )                              | $          | (10,988,310 | ) | $ | (55,505,403 | ) | $ | (41,623,638 | ) |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |
| Basic loss per common  share:                                                                                            |       |                             |        |                           |       |   |   |   |   |
| Loss from continuing  operations                                                                                         |       | $                                | (1.80       | )                              | $          | (0.52 | ) | $ | (3.32 | ) | $ | (1.98 | ) |
| Income from  discontinued operations, net                                                                                |       | —                           |        | —                         |       | 0.56 |   | — |   |
| Net loss per common  share                                                                                               |       | $                                | (1.80       | )                              | $          | (0.52 | ) | $ | (2.76 | ) | $ | (1.98 | ) |
|                                                                                                                     |       |                             |        |                           |       |   |   |   |   |

 

 

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