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Encyclopedia > Citadel Broadcasting

Citadel Broadcasting Corporation NYSE: CDL is a Las Vegas, Nevada based broadcast holding company. Investment house Forstmann Little & Company owns 67% of Citadel. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Nickname: The Entertainment Capital of the World Motto: Official website: http://www. ... Official language(s) None Capital Carson City Largest city Las Vegas Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 7th 286,367 km² 519 km 788 km 0. ... Forstmann Little & Company is a private equity firm, specializing in leveraged buyouts (LBOs). ...


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] February 6 is the 37th day of the year in the Gregorian Calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Alternate meanings: Disney (disambiguation) The Walt Disney Company (also known as Disney Enterprises, Inc. ... ABC Radio is a division of the American Broadcasting Company focused on AM radio and FM radio broadcasting. ...

After the merger, Citadel's ownership structure will be thus:

  • 52%: Former Disney shareholders
  • 32%: Forstmann Little
  • 16%: Former Citadel shareholders exclusive of Forstmann Little

States with Citadel/ABC stations

  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Idaho
  • Iowa
  • Louisiana
  • Maine
  • Massachusetts
  • Michigan
  • Minnesota
  • Nevada
  • New Hampshire
  • New Mexico
  • New York
  • Oklahoma
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Washington


The Wall Street Journal is an influential international daily newspaper published in New York City, New York with a worldwide average daily circulation of more than 2. ... February 6 is the 37th day of the year in the Gregorian Calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

External links

  • Official site.

  Results from FactBites:
Citadel Broadcasting Posts Loss (187 words)
Citadel Broadcasting (CDL:NYSE - commentary - research), which returned to the public markets earlier this month, reported higher revenue and cash flow for the fiscal second quarter.
Citadel lost $19 million, or 20 cents a share, compared to a loss of $18.3 million, or 19 cents a share, last year.
The radio broadcaster said the losses were primarily attributable to depreciation and amortization expenses and noncash stock compensation costs.
  More results at FactBites »



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