SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

YOUNG VINCENT J

(Last)

(First)

(Middle)

C/O YOUNG BROADCASTING INC.

599 LEXINGTON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
YOUNG BROADCASTING INC /DE/ [ YBTVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/30/2007		J⁽¹⁾		82,000	D	⁽¹⁾	30,502⁽²⁾	D
Class A Common Stock								14,000	I	Minor Children
Class A Common Stock	01/30/2007		J⁽¹⁾		27,000	A	⁽¹⁾	27,000	I	By Partnership

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	01/30/2007		J⁽¹⁾		82,000		01/30/2007	⁽³⁾	Class A Common Stock	82,000	⁽¹⁾	767,677	D
Class B Common Stock	⁽⁴⁾							⁽⁴⁾	⁽³⁾	Class A Common Stock	2,918		2,918	I	Minor Children
Class B Common Stock	⁽⁴⁾							⁽⁴⁾	⁽³⁾	Class A Common Stock	53,200⁽⁵⁾		53,200⁽⁵⁾	I	Trust
Class B Common Stock	⁽¹⁾	01/30/2007		J⁽¹⁾			27,000	01/30/2007	⁽³⁾	Class A Common Stock	358,000⁽⁵⁾	⁽¹⁾	358,000⁽⁵⁾	I	By Partnership

Explanation of Responses:

1. On January 30, 2007, the Reporting Person exchanged an aggregate of 82,000 shares of Class A Common Stock owned by the Reporting Person for (i) 27,000 shares of Class B Common Stock owned by a partnership in which the Reporting Person has an indirect interest and (ii) 55,000 shares of Class B Common Stock owned by a trust. Each of the partnership and the trust is a member of the Issuer's Management Group (as defined in the Issuer's Restated Certificate of Incorporation). The exchange of shares of Class B Common Stock for shares of Class A Common Stock was effected on a one-for-one basis.

2. Includes 5,530 shares held in the Reporting Person's 401(k) plan, as reported in a plan statement dated as of December 31, 2006.

3. There is no expiration date.

4. Not applicable.

5. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	Vincent J. Young	01/31/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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