Citadel Broadcasting to File for Chapter 11 Bankruptcy

Summary


The Wall St. Journal is reporting that Citadel Broadcasting Corp., the U.S.'s third-largest radio broadcaster, is preparing to file for bankruptcy by the end of the year.

Citadel operates six local radio stations, KATC Cat Country 95.1 FM, KCSF 1300 AM, KKFM Classic Rock 98.1 FM, KKMG 98.1 Magic FM, KKPK The Peak 92.9 FM and KVOR Talk Radio 740 AM.

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Extract


Citadel Broadcasting to File for Chapter 11 Bankruptcy

How the bankruptcy filing ...

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