Citadel Broadcasting
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Citadel Broadcasting Corporation NYSE: CDL is a Las Vegas, Nevada based broadcast holding company. Investment house Forstmann Little & Company owns 67% of Citadel.
[edit] History
On February 6, 2006, Forstmann Little and the Walt Disney Company agreed to merge Citadel with Disney's ABC Radio. The new combined company will be called Citadel Communications.[1]
After the merger, Citadel's ownership structure will be thus:
- 52%: Disney shareholders
- 32%: Forstmann Little
- 16%: Former Citadel shareholders exclusive of Forstmann Little
[edit] States with Citadel/ABC stations
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Idaho
- Illinois
- Indiana
- Iowa
- Louisiana
- Maine
- Massachusetts
- Michigan
- Minnesota
- Nevada
- New Hampshire
- New Mexico
- New York
- Oklahoma
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Utah
- Washington
[edit] References
- ^ "Citadel to Buy Most of Disney Radio Assets," The Wall Street Journal, February 6, 2006.
[edit] External links
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