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Citadel Broadcasting to File for Bankruptcy
Wall St. Journal ^
| December 20th 2009
Posted on 12/20/2009 9:47:15 AM PST by Steelfish
DECEMBER 20, 2009
Citadel Broadcasting to File for Bankruptcy
BY MIKE SPECTOR AND SARAH MCBRIDE
Citadel Broadcasting Corp., the third-largest radio broadcaster in the U.S., plans to file for bankruptcy as soon as Sunday, according to people familiar with the matter.
Citadel is expected to file in a deal supported by many lenders collectively owed $2 billion, known as a "prearranged" deal in bankruptcy parlance.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy
KEYWORDS: bankruptcy; citadel; limbaugh; media; radio; rush; rushlimbaugh; talkradio; wabc; wabcradio; wmal
1
posted on
12/20/2009 9:47:19 AM PST
by
Steelfish
To: Steelfish
Citadel owns WNOX, WNML, WIVK, etc. in East Tennessee.
To: scrabblehack
A
LINK to an interactive map of the stations affected.
3
posted on
12/20/2009 10:03:36 AM PST
by
Don W
(I keep some people's numbers in my phone so I know not to answer when they call)
To: scrabblehack
Citadel owns WNOX, WNML, WIVK, etc. in East Tennessee.Not to mention WABC in New York City...Rush's flagship station and the blowtorch, WLS in Chicago.
4
posted on
12/20/2009 10:06:26 AM PST
by
capt. norm
(Never underestimate the power of very stupid people in large groups.)
To: scrabblehack
Citadel also owns WMAL in Washington, D.C.
5
posted on
12/20/2009 10:06:44 AM PST
by
GAB-1955
(I write books, love my wife, serve my nation, and believe in the Resurrection.)
To: scrabblehack
There's the problem. Most of the folks in east Tennessee don't have radios yet.
6
posted on
12/20/2009 10:20:35 AM PST
by
stormer
To: Steelfish
WBAP in Dallas is on the list. I thought Citadel was owned by Disney. Is that right?
7
posted on
12/20/2009 10:21:31 AM PST
by
Slyfox
To: Slyfox
Disney spun it off. It’s been a seperarte entity for a couple of years now.
To: Steelfish
Third largest? Never heard of them but then I don’t listen to the radio.
9
posted on
12/20/2009 10:59:22 AM PST
by
bgill
(The framers of the US Constitution established an entire federal government in 18 pages.)
To: Steelfish
That’s the media group that has Mark Levin’s show!
10
posted on
12/20/2009 4:47:42 PM PST
by
Daisyjane69
(Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
To: Steelfish
Now THIS would be an interesting investment for Rush Limbaugh -- much better than that football team.
Profit-making opportunity PLUS control of major media to tweak Obama and his minions. Interesting....
11
posted on
12/21/2009 7:06:45 AM PST
by
NewJerseyJoe
(Rat mantra: "Facts are meaningless! You can use facts to prove anything that's even remotely true!")
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