Young Broadcasting, parent company of Lafayette CBS affiliate KLFY TV-10, is being purchased after all — from within. According to the Web site mediapost.com, a group of YB bankers has agreed to purchase the struggling media company for about $220 million.
The announcement comes just days after Young backed out of an auction set for Tuesday. The company reneged on the auction after evidently getting no bids at or above a satisfactory level. Young, which filed for bankruptcy protection in February, posted a net loss of $370 million in 2008. The deal must still be approved by the Federal Communications Commission.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.
Philip deMahy Sr., a once respected New Iberia ad exec, was sentenced May 2 to spend the next two years (he faced up to 100 years) in a state penitentiary after state and federal investigators found dozens of images depicting children engaged in lewd sexual acts on his personal computer.