LAS VEGAS -- The long-awaited rumors of Citadel Broadcasting's "pre-arranged bankruptcy" plan are now reality. Several sources are reporting the company -- which owns 224 stations, including 4 in Syracuse -- officially filed for Chapter 11 bankruptcy protection this morning.
SYRACUSE -- Starting in March, there will be a new home for ESPN Radio. Galaxy Communications is not only taking over the network affiliation from Citadel's WNSS 1260 -- the company will be offering ESPN's programming on the FM band, and it will bring the Spanish-language programming of ESPN Deportes into the market. Updated at […]
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.
SYRACUSE -- It's been two weeks since Brent Axe's afternoon talk show "On the Block" on ESPN Radio 1260 (WNSS) started simulcasting on Time Warner Cable Sports (channel 26 in most areas). If you haven't had a chance to catch "The Axeman" on TV yet, here's a look.
SYRACUSE -- It's been a big week for Brent Axe: a day after announcing he's joining the Buffalo Bills Radio Network's broadcast team this fall, he revealed his weekday show "On the Block" on ESPN Radio 1260 (WNSS) will be simulcast on television starting next week.
SYRACUSE -- Brent Axe, host of "On the Block" on ESPN Radio 1260 (WNSS) announced on his show shortly after 5:00 this afternoon that he will add hosting duties with the Buffalo Bills Radio Network starting this fall.
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 -- The New York Stock Exchange ticker symbol "CDL" will be up for grabs soon. The NYSE has announced it will be taking Citadel Broadcasting off the exchange by the end of the week.
LAS VEGAS - Citadel Broadcasting, owner of four Syracuse radio stations, is a step closer to being delisted from the New York Stock Exchange. The company, which was first threatened with delisting in September, now has 45 days to submit a turnaround plan - but the NYSE doesn't have to accept it.
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.