TITLE

One cent marks Citadel's rapid descent

AUTHOR(S)
Bond, Paul
PUB. DATE
March 2009
SOURCE
Hollywood Reporter;3/6/2009, Vol. 408 Issue 43, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Citadel Broadcasting Corp. in the first week of March 2009. It states that the shares of Citadel Broadcasting fell 90% to one penny on the New York Stock Exchange. It mentions that Citadel owns and operates more than 220 radio stations in 27 states in the U.S., and its one-cent share price gives the company a $2.7 million market capitalization, while its debt stood at more than $2 billion.
ACCESSION #
37193452

 

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