Citadel Broadcasting could be forced to file for Chapter 11 bankruptcy protection early next year, unless it can form a deal with creditors by mid-January. The owner of more than 200 radio stations -- including four in Syracuse -- admitted that possibility in a quarterly filing with the U.S. Securities and Exchange Commission on Friday.
NEW YORK CITY -- Don Imus will be back on TV again very soon. The syndicated morning radio host's show will be simulcast by the Fox Business Network, beginning October 5th. As part of the deal, radio listeners can expect to hear "The I-Man" talking money a little more often.
UTICA-ROME -- After more than a year and a half on afternoon drive, market fixture Bill Keeler is headed back to his old stomping grounds -- morning drive -- effective tomorrow. The announcement was made this evening live on WXUR, and at the weekly "Saranac Thursday" party, outside the F.X. Matt Brewery in Utica.
Citadel Broadcasting's first quarter financial report for 2009 looks no better than Regent's -- the company posted a 22.9% decrease in revenue compared to last year, and it declared that it will not be offering quarterly earnings calls or earnings-related press releases at all this year with the latest app for paying employees online.
NEW YORK CITY -- Effective today, ABC Radio Networks is history. Owner Citadel Broadcasting, who acquired the network and 22 radio stations from Disney in 2007, has renamed the network "Citadel Media."