Citadel Broadcasting is the latest radio conglomerate facing a possible de-listing from a major trading market - in this case, the New York Stock Exchange.
Regent Communications is at risk of being delisted from the NASDAQ stock market, according to business newspaper report in Cincinnati, the home of Regent corporate HQ. The owner of 62 stations -- including four in Utica-Rome -- has been trading below NASDAQ's $1.00 minimum for more than 30 consecutive trading days.
Industry trade FMQB reports Citadel Broadcasting is looking to divest itself of various properties, as a condition for its recent acquisition of ABC Radio Networks. Citadel hasn't yet named specific markets up for sale, but the article mentions Syracuse as a possibility. Citadel owns four stations in Syracuse: WNTQ (93Q), WAQX (95X), WLTI (Lite Rock 105.9) […]
SYRACUSE -- Both Y94FM (WYYY) and Lite 105.9 (WLTI) are billing themselves as the area's "official holiday station" as each bumps up seasonal music into heavy rotation. Y94FM flipped to all holiday music on Tuesday, while Lite 105.9 is playing about a 25% mix in with their regular playlist. This is the third year in a […]