Broadcasting & Cable
Vincent Young has assumed the role and title of non-Executive Chairman of the Board of New Young Broadcasting and stepped down as CEO, according to a company memo from Chief Restructuring Officer Kevin Shea to Young employees dated Aug. 19 and obtained by B&C.
Shea’s memo also says Jim Morgan, Chief Financial Officer of the company, will be leaving in October. “We’ve gotten to know and respect Jim over the past year and wish him well in his future endeavors,” says Shea, in the memo.
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A year has passed since Gray Television’s deal to manage seven Young Broadcasting stations kicked in, yet Gray has remained on the sidelines. More…