CNYRadio.com Archives

Is Citadel going public again?

May 21, 2002 by Scott Jameson

The New York Post is reporting that Citadel Communications has plans to go public. Barely a year after buying the radio broadcast group, Forstmann Little & Co., led by senior partner Teddy Forstmann, thinks it's time to sell. Forstmann Little is planning a July IPO from which it hopes to raise $500 million. Market analysts value Citadel's chain of 205 radio stations, which includes four in the Syracuse market, at between $2.5 and $2.75 billion.

See more posts about:

Leave a Reply

Your email address will not be published. Required fields are marked *

Archives

menu-circlecross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram