Auction gavel drops today for Young


Today is the bankruptcy court auction date for Young Broadcasting, with KRON-TV San Francisco and nine other stations in medium and small (plus several satellite stations) up for grabs. See the list here. Silver Point Capital, which already owns Granite Broadcasting and holds a big chunk of Young’s debt, is believed to be bidding for at least some of the assets, so we’ll see how much interest there actually is in a depressed M&A market.