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0000950134-07-002479.txt : 20070209 0000950134-07-002479.hdr.sgml : 20070209 20070208185805 ACCESSION NUMBER: 0000950134-07-002479 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070209 DATE AS OF CHANGE: 20070208 GROUP MEMBERS: TCS CAPITAL GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YOUNG BROADCASTING INC /DE/ CENTRAL INDEX KEY: 0000929144 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 133339681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43513 FILM NUMBER: 07594107 BUSINESS ADDRESS: STREET 1: 599 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127547070 MAIL ADDRESS: STREET 1: 599 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SEMLER ERIC CENTRAL INDEX KEY: 0001162095 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O PALI CAPITAL STREET 2: 350 PARK AVE 4TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212 650 9811 SC 13G/A 1 d43378csc13gza.htm AMENDMENT TO SCHEDULE 13G sc13gza


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

YOUNG BROADCASTING, INC.

(Name of Issuer)

Class A Common Stock, $.001 par value per share

(Title of Class of Securities)

987434107

(CUSIP Number)

December 31, 2006

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

þ Rule 13d-1(c)

o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No.


1	NAMES OF REPORTING PERSONS: TCS CAPITAL GP, LLC

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	DELAWARE

		5	SOLE VOTING POWER:

NUMBER OF			1,111,046

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			0

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			1,111,046

WITH:		8	SHARED DISPOSITIVE POWER:

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,111,046

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	5.5%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	OO


CUSIP No.


1	NAMES OF REPORTING PERSONS: ERIC SEMLER

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	UNITED STATES

		5	SOLE VOTING POWER:

NUMBER OF			1,341,046

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			0

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			1,341,046

WITH:		8	SHARED DISPOSITIVE POWER:

			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,341,046

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	6.7%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	IN

SCHEDULE 13G/A

This Amendment No. 4 (“Amendment”) to Schedule 13G (the “Schedule 13G”), relating to shares of class A common stock, par value $0.001 per share (the “Common Stock”), of Young Broadcasting, Inc. (the “Issuer”), is being filed on behalf of TCS Capital GP, LLC, a Delaware limited liability company (“TCS GP”) and Eric Semler the principal of TCS GP and TCS Select GP, LLC (“TCS Select GP”).

The Amendment relates to (A) shares of Common Stock of the Issuer purchased by Eric Semler and TCS GP for the accounts of (i) TCS Capital, L.P., a Delaware limited partnership (“TCS Capital”), (ii) TCS Capital II, L.P., a Delaware limited partnership (“TCS Capital II”), and (iii) TCS Capital Investments, L.P., a Cayman Islands Exempted Limited Partnership (“TCS Offshore) and (B) shares of Common Stock of the Issuer purchased by Eric Semler and TCS Select GP for the account of TCS Select, L.P. a Delaware limited partnership (“TCS Select”). TCS Capital holds 59,892 shares of the Common Stock, TCS Capital II holds 357,826 shares of the Common Stock, TCS Offshore holds 693,328 shares of the Common Stock, and TCS Select holds 230,000 shares of the Common Stock. TCS GP acts as general partner to each of TCS Capital, TCS Capital II and TCS Offshore; TCS Select GP acts as general partner to TCS Select; and Mr. Semler, as manager of TCS GP and TCS Select GP, controls the investment decisions of TCS GP and TCS Select GP.

This Amendment to amend and restate Items 2(a), 2(c) and 4 as follows:.

Item 2(a) Name of Person Filing:

The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

i) TCS Capital GP, LLC (“TCS GP”); and

ii) Eric Semler (“Mr. Semler”).

Item 2(c) Citizenship:

1) TCS GP is a Delaware limited liability company; and

2) Mr. Semler is a citizen of the United States.

Item 4. Ownership:

Item 4(a) Amount Beneficially Owned:

i) As of the date hereof, TCS GP may be deemed to be the beneficial owner of 1,111,046 Shares. This number consists of (A) 693,328 shares of Common Stock held for the account of TCS Offshore, (B) 59,892 shares of Common Stock held for the account of TCS Capital, and (C) 357,826 shares of Common Stock held for the account of TCS Capital II.

ii) As of the date hereof, Mr. Semler may be deemed to be the beneficial owner of 1,341,046 shares of Common Stock. This number consists of (A) 693,328 shares of Common Stock held

for the account of TCS Offshore, (B) 59,892 shares of Common Stock held for the account of TCS Capital, (C) 357,826 shares of Common Stock held for the account of TCS Capital II and (D) 230,000 shares of Common Stock held for the account of TCS Select.

Item 4(b) Percent of Class:

ii) The number of shares of Common Stock TCS GP may be deemed to beneficially own constitutes approximately 5.5% of the total number of shares of Common Stock outstanding. (Based upon information provided by the Issuer in its most recently-filed quarterly report on Form 10-Q, the number of shares of Common Stock outstanding was 20,043,374 as of October 23, 2006.)

iii) The number of Shares Mr. Semler may be deemed to beneficially own constitutes approximately 6.7% of the total number of shares of Common Stock outstanding.

Item 4(c) Number of shares as to which such person has:


TCS GP
(i)	Sole power to vote or direct the vote	1,111,046
(ii)	Shared power to vote or to direct the vote	0
(iii)	Sole power to dispose or to direct the disposition of	1,111,046
(iv)	Shared power to dispose or to direct the disposition of	0


Mr. Semler
(i)	Sole power to vote or direct the vote	1,341,046
(ii)	Shared power to vote or to direct the vote	0
(iii)	Sole power to dispose or to direct the disposition of	1,341,046
(iv)	Shared power to dispose or to direct the disposition of	0

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.


Date: February 8, 2007	TCS CAPITAL GP, LLC
	By:	/s/ Eric Semler
	Name:	Eric Semler
	Title:	Managing Member

	ERIC SEMLER
	By:	/s/ Eric Semler

EXHIBIT INDEX

A. Joint Filing Agreement by and among Mr. Eric Semler and TCS Capital GP, LLC.

EX-99.1 2 d43378cexv99w1.htm JOINT FILING AGREEMENT exv99w1

EXHIBIT A
JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with respect to the Class A Common Stock of Young Broadcasting, Inc. is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.


Date: February 8, 2007	TCS CAPITAL GP, LLC
	By:	/s/ Eric Semler
	Name:	Eric Semler
	Title:	Managing Member

	ERIC SEMLER
	By:	/s/ Eric Semler