Tag Archives: Citadel Broadcasting

Citadel To File For Bankruptcy

Posted by on December 15, 2009

In another blow to terrestrial radio, Citadel Broadcasting, the third largest radio company in the U.S., is set to file for bankruptcy before the end of the year. As a result of the Chapter 11 proceeding, all shareholders would lose their stock in the company. Citadel owns 165 stations in over 50 markets, including some rock stations […]

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