Young may be hurt by NBA strike

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Young Broadcasting, the owner of TV station KCAL-TV in Los Angeles, is one of the first companies to quantify what the cancellation of National Basketball Association games means monetarily. During the third quarter, KCAL made an upfront payment of $30 million to the Los Angeles Lakers to broadcast some of the team's games. So far, the NBA has canceled games through November; if games in December are canceled as well, KCAL said lost ad revenue could total $6 million for the fourth quarter.

Copyright November 1998, Crain Communications Inc.

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