In an effort to cut costs, the company eliminated ten positions from WTEN on January 31, 2008 fueling speculations that the company might sell the station in order to pay down its financial debt. In January 2009, after failing to meet the minimum standards for being listed on NASDAQ, Young Broadcasting was dropped from the exchange. One month later, on February 13, they declared Chapter 11 bankruptcy. The company planned to auction off its stations in a New York City bankruptcy court on July 14, 2009 but canceled the auction at the last minute. After multiple issues with RTV's operations and programming, Young switched their main subchannel affiliations to ABC's Live Well Network as part of a group deal with Young's other stations in 2012.