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Citadel Broadcasting Corporation (CTDBQ)

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Last Post: 10/11/2010 12:47:18 PM - Followers: 21 - Board type: Free - Posts Today: 0

 

 

GAME OVER! TRADING STOPPED FOR CTDBQ BEFORE MARKET OPENING ON 6/04/10

 

 

 

BREAKING NEWS!!! (6/03/10)

After losing its battle to have a federal bankruptcy judge rework the Chapter 11 reorganization plan for Citadel Broadcasting, Aurelius Capital Partners has thrown in the towel and sold its shares. It says in an SEC filing submitted late Wednesday that it now owns no shares of Citadel.

Aurelius took a financial loss on its gamble that Citadel’s shares would be worth something. As previously reported, the investment funds managed by Aurelius paid over $1.2 million to acquire their 16.7 million shares of Citadel’s common stock – an average of just under 7.3 cents per share. The latest SEC filing did not provide a total for the recent stock sales, but indicated that the bulk of the shares were sold in a range of one to two cents each.

That’s still more than the theoretical value of the Citadel shares, which are to be worthless as soon as the company emerges from Chapter 11. The reorg plan is already approved and the emergence from bankruptcy court protection is expected any day now.

RBR-TVBR observation:
Aurelius apparently had the financial wherewithal to take a gamble of over a million bucks and write the whole thing off when it lost the gamble. We wonder who was still out there buying millions of Citadel’s shares for even a penny, when their value is almost certain to become zero any day now.

http://www.rbr.com/radio/24715.html

BREAKING NEWS!!! (4/13/10)

" A bankruptcy judge extended Citadel Broadcasting Corp.'s (CTDBQ) exclusive
control of its Chapter 11 case through July 19.

The extension approved Monday by Judge Burton R. Lifland of the U.S.
Bankruptcy Court in Manhattan gives the radio-station owner a safety net if it
fails to obtain approval of its Chapter 11 plan at a confirmation hearing
scheduled for May 12.

The company's exclusive right to file a restructuring plan was set to expire
on April 19. Without the extension, creditors or other parties could have
offered rival plans as Citadel worked to win court approval of its own.

Citadel warned that a lapse in its exclusive plan-filing period could result
in chaos.

If that were to happen, the company would be "assessing competing plans if
filed and contending with the destabilizing effect that such events would have
on their businesses, employees, vendors and customers," Citadel said in court
papers.

The company the extension "merely accounts for the situation where the plan
is not confirmed and additional time to submit an alternative Chapter 11 plan
of reorganization is necessitated."

Citadel is currently seeking creditor approval for a bankruptcy-exit plan
that would see senior lenders, led by J.P. Morgan Chase & Co. (JPM) and owed
about $2.1 billion, receive 90% of Citadel's new equity plus a $762 million
loan.

Under the plan, unsecured creditors, owed $343 million, will receive 10% of
the company's new stock plus a share of $36 million in cash.

Unsecured creditors' recoveries under the plan improved substantially after
they consented to a settlement agreement with the company.

Citadel said that settlement and the filing of the plan shows that it is
"working extremely hard to ensure their swift emergence from Chapter 11" and
that progress "more than warrants" an extension of exclusive control of the
case.

Citadel, which operates 224 radio stations across the U.S., filed for
bankruptcy protection last December, squeezed by a heavy debt load and a drop
in advertising revenue."

...............................................................................................................................................................

Citidel declares Bankruptcy(12/21/09)

http://apnews.myway.com/article/20091220/D9CNAPIG1.html

 

Citadel broadcasting was removed from the NYSE on3/5/09
At one time Citadel was a $25 dollar stock. Last years high was $2. It is seriously due for a major comeback.  They operate the ABC radio network in all of the major radio markets. Don Imus is just one of their well known personalities. Also, their conservative radio shows routinely bring in stellar profits. This stock is a bargain right now. It's a gift. Discuss. Have fun. But play nice boys and girls. 

http://www.citadelbroadcasting.com/

http://www.abcradionetworks.com/

Outstanding Shares
269,944,781 as of Oct 31, 2008

Authorized Shares
500,000,000 as of September 30, 2008

 

Las Vegas Office:
7201 W. Lake Mead Blvd.
Suite 400
Las Vegas, NV 89128
Phone: (702) 804-5200
Fax: (702) 804-8250
New York Office:
142 West 57th Street
11th Floor
New York, NY 10019
Phone (212) 887-1670
Fax (212) 887-1668

 

........................................................................................................................................................................................................................................................................................................................................................................................

CITADEL BROADCASTING CORPORATION
COMMON STOCK TO MOVE TO OTC MARKET

Las Vegas, NV – March 5, 2009 — Citadel Broadcasting Corporation announced today that it expects its common stock to trade in the OTC Market beginning Friday, March 6, 2009 under the symbol “CTDB”.
Citadel Broadcasting Corporation is the third largest radio group in the United States, with a national footprint reaching more than 50 markets. Citadel is comprised of 165 FM stations and 58 AM stations in the nation’s leading markets, in addition to the ABC Radio Network business, which is one of the three largest radio networks in the United States. For more information visit www.citadelbroadcasting.com.
CONTACT INFORMATION:
Citadel Broadcasting Corporation
Patricia Stratford (212) 887-1670

......................................................................................................................................................................................................................................................................................................................................................................................

COMPANY MANAGEMENT

Farid Suleman
Chairman and CEO

Judy Ellis
Chief Operating Officer

Randy L. Taylor
Senior Vice President, Chief Financial Officer

Matt Hanlon
Regional President

Kevin LeGrett
Regional President

Wayne Leland
Regional President

Paul O' Malley
Regional President

Dave Marchette
Chief Technology Officer

Jacquelyn Orr
General Counsel and Vice President

Mike Pallad
Vice President of Sales

James M. Robinson
President ABC Networks 

......................................................................................................................................................................................................................................................................................................................................................................................

Owned and Operated Stations

Citadel Broadcasting is the third largest radio group in the United States, with a strong national footprint reaching more than 50 markets. We have a well-clustered station portfolio with leading positions in attractive markets including coverage in eight of the top ten. Our company is comprised of 165 FM stations and 58 AM stations in the nation's leading markets. As a company focused exclusively on the radio business, Citadel Broadcasting has the benefit of scale in an increasingly competitive industry.

Networks

The ABC Radio Networks has nearly 4,400 affiliate radio stations reaching nearly 105 million people age 12 and over each week. Programs and services include ABC News Radio, Paul Harvey News and Comment, The Sean Hannity Show, The Tom Joyner Morning Show, The Doug Banks Morning Show, MoneyTalk with Bob Brinker, The Mark Levin Show, The Mark Davis Show, The Larry Elder Show, American Country Countdown with Kix Brooks, The Dan Patrick Show, The Herd with Colin Cowherd, Mike and Mike in the Morning, The Michael Baisden Show, Dick Bartley's Rock & Roll's Greatest Hits, Renán Almendárez Coello—El Vacilón de la Mañana with Juan Carlos Alonso and Jorge L. Quiles Morales, ESPN Deportes Radio. Other ABC services include advanced digital media platforms including online interactive advertising, streaming audio and podcasts, ABC Sports Radio, syndicated music and talk programs including Flashback, format-specific ePREP and production libraries, ABC's Jack FM™ and nine other 24-Hour Formats, including Scott Shannon's True Oldies Channel and ESPN Radio, which is the exclusive network radio home of Major League Baseball, the NBA and the Bowl Championship Series. Today, ABC Radio Network is one of the largest radio program syndicators in the United States, with significant resources invested in Programming, Engineering, ABC News Radio, Marketing, Radio Station Affiliation, Advertising Sales and New Media.

Digital Media

Citadel Interactive in focused on operating an expansive digital platform that provides our listeners an unique and rich on-line experience. Currently, Citadel Interactive hosts over 250 websites that receive over 100 million monthly page views and one of the nations largest streaming networks for on-line radio, with over 170 radio stations streaming live on-line. Our digital platform provides advertisers the opportunity to connect with our listeners via the web on a local, regional and national level. Advertising opportunities include streaming audio ads, Video gateways, display, podcasting, on-line contesting, and mobile marketing opportunities

.......................................................................................................................................................................................................................................................................................................................................................................................

Net revenues for the quarter ended September 30, 2008 were $213.9 million

• Segment Operating Income was $73.3 million for the quarter ended September 30, 2008
• Free cash flow was $33.8 million for the quarter ended September 30, 2008
• Net income for the quarter ended September 30, 2008 was $28.0 million
• Free cash flow was $93.9 million for the nine months ended September 30, 2008
• During the nine months ended September 30, 2008, the Company reduced its long-term debt by approximately
$363.8 million, resulting in a gain on extinguishment of debt of $85.7 million

Corporate Profile
Citadel Broadcasting is the largest pure play radio company in the United States, with a strong national footprint reaching more than 50 markets. Our company is comprised of 165 FM stations and 58 AM stations in the nation's leading markets. In addition to our strong national footprint, Citadel Broadcasting also owns and operates ABC Radio Networks, which creates and distributes programming to more than 4,000 affiliates. The programming includes popular syndicated radio programs such as Paul Harvey News and commentary and The Tom Joyner Morning Show, as well as 24/7 music formats. As a company focused exclusively on the radio business, Citadel Broadcasting has the benefit of scale in an increasingly competitive industry.

 

Headquarters:
Citadel Broadcasting Corporation
City Center West
7201 West Lake Mead Blvd.
Suite 400
Las Vegas, NV 89128
Phone: (702) 804-5200
Fax: (702) 804-8250

Independent Auditors:
Deloitte & Touche
Los Angeles, CA


 

FCC Legal Counsel:
Leventhal, Senter & Lerman
2000 K Street, N.W.
Suite 600
Washington, D.C. 20006-1809
202-429-8970
Transfer Agent:


BNY Mellon Shareowner Services
By Mail: P.O. Box 358016
Pittsburgh, PA 15252-8016

Overnight Courier:
480 Washington Boulevard
Jersey City, NJ 07310

Telephone Number: 1-877-277-9935
Access your account @ www.melloninvestor.com/isd, click on What is an Investor ID? and follow the instructions.

 MARKET REPRESENTATION

 

Albuquerque
Allentown
Atlanta
Augusta
Baton Rouge
Binghamton
Birmingham
Boise
Buffalo
Charleston
Chattanooga
Chicago
Colorado Springs
Columbia
Dallas/Ft. Worth
Des Moines
Detroit

Erie
Flint
Grand Rapids
Harrisburg
Ithaca
Knoxville
Kokomo
Lafayette
Lancaster
Lansing
Little Rock
Los Angeles
Memphis
Minneapolis
Modesto
Muncie
Muskegon

Nashville
New Bedford
New London
New Orleans
New York
Oklahoma City
Portland
Portsmouth
Presque Isle
Providence
Reno
Saginaw
Salt Lake City
San Francisco
Spokane
Springfield
Stockton

Syracuse
Tri-Cities
Tucson
Tuscaloosa
Washington DC
Wilkes-Barre
Worcester

STATION LIST

 

KKML
KKND
KKOB-AM
KKOB-FM
KKOH
KKPK
KLAL
KLOS
KMEZ
KMGA
KNEV
KNML
KPMZ
KQFC
KQOB
KQRS
KQXL
KRDJ
KRRQ
KRST
KSCS
KSFO
KSZR
KTB
KTIK
KTUC
KTYS
KUBL

KURB
KVOR
KWIN
KWNN
KWQW
KWYL
KXKC
KXXR
KYIS
KZBD
KZMG
WAAL
WABC
WAPI
WAQX
WARM
WBAP
WBBL
WBEI
WBHD
WBHT
WBLM
WBPW
WBSM
WBSX
WCAT
WCDV
WCTO

WCYY
WDGM
WDRQ
WDVD
WDVW
WEBB
WEDG
WEFG
WEMX
WFBE
WFFN
WFHN
WFMK
WGFX
WGKX
WGOC
WGOW-AM
WGOW-FM
WGRF
WGVX
WHNN
WHOM
WHTS
WHTT
WHWK
WIBR
WILZ
WIOG

WIOV
WISW
WITL
WIVK
WJBQ
WJCW
WJIM-AM
WJIM-FM
WJOX
WJR-AM
WJZN
WJZW
WKDF
WKHX
WKIM
WKLQ
WKOS
WKQZ
WKY
WLAV
WLAW
WLCS
WLEV
WLS-AM
WLS-FM
WLTI
WLXC
WMAL

WMAS-AM
WMAS-FM
WMDH-AM
WMDH-FM
WMGS
WMHX
WMME
WMMQ
WMTI
WNBF
WNKT
WNML-AM
WNOX
WNRX
WNSS
WNTQ
WODJ
WOGT
WOKI
WOKQ
WOMG
WOZI
WPKQ
WPLJ
WPRO-AM
WPRO-FM
WQGN
WQHR

WQHZ

WQUT
WQXA
WRBO
WRIE
WRQX
WSAK
WSHK
WSJR
WSKO
WSKZ
WSPZ
WSSX
WSUB
WTCB
WTMA
WTNR
WTRX
WTSK
WTUG
WTVL
WUHT
WVFN
WVIB
WWFX
WWKI
WWKX
WWLI

WWLS

WWWZ
WWYL
WXKC
WXLM
WXLO
WXMX
WXOK
WXSM
WXTA
WYAY
WYOS
WYSF
WZRR
WZZN

 

 

 

 

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CTDBQ
Current Price
Volume:
Bid Ask Day's Range
Wiki
PostSubject
#1381   Investors say Citadel's CEO and Board are thieves Keystoner 10/11/10 12:47:18 PM
#1380   22.875,,,,,,,ha! in a few months. .22875 TallRob0 08/29/10 09:47:30 PM
#1379   Corporate sure as hell aint bagholders.. Keystoner 08/23/10 05:39:41 PM
#1378   When is Jamie Dimon gonna fire up his Keystoner 06/24/10 05:48:43 PM
#1377   ya what happned here? is the company gone??? Unique-ev 06/21/10 11:44:58 AM
#1376   I guess the fat lady has sung...this does Briboy 06/15/10 03:36:27 PM
#1375   Lots of bagholders from the fifty cent run. roxandbonz 06/08/10 04:10:37 PM
#1374   Hate to see this one go..Many good trades bradakus 06/08/10 12:14:33 PM
#1373   Wellll, do you still have cloths on your body? U2StpM 06/07/10 03:31:58 PM
#1372   if you did own them on Friday. You TallRob0 06/07/10 03:31:44 PM
#1371   So what is happening with all our shares? krisl 06/07/10 03:12:08 PM
#1370   Who is hypeing? The company bellied up and fAtnhapy 06/07/10 07:53:20 AM
#1368   Hype away slugger. rongarden 06/06/10 10:56:49 PM
#1367   yep, i took a whoopin on this one, famous 06/06/10 04:25:40 PM
#1366   Shares are worthless isn't that what they said? Arnold25764 06/05/10 04:59:13 PM
#1365   I just don't see how this stock tanked. Briboy 06/05/10 03:54:04 PM
#1364   By God there will come a day when Briboy 06/05/10 03:49:42 PM
#1363   new symbol yet? famous 06/05/10 10:03:15 AM
#1362   What happened? No more trading? WTH???? Arnold25764 06/05/10 04:45:25 AM
#1361   I should be. If I shorted everything I fAtnhapy 06/04/10 01:52:37 PM
#1360   Expert on Shorting I see? roxandbonz 06/04/10 01:47:43 PM
#1359   This company is over..sorry for all your losses :( sid07 06/04/10 01:20:29 PM
#1358   How much did you buy ? rsr2004us 06/04/10 01:18:03 PM
#1357   oh darn, well live and learn.....Gotta read the TallRob0 06/04/10 01:16:22 PM
#1356   wow I just bought the stock yesterday boy D-Man21 06/04/10 11:03:30 AM
#1355   yep, that was a slam dunk famous 06/04/10 09:45:29 AM
#1354   well the stock looks halted.....10 minutes into market TallRob0 06/04/10 09:41:01 AM
#1353   well its been fun, maybe next one will famous 06/04/10 09:22:09 AM
#1352   The effective date was June 3 ,2010.. see My4ntoy 06/04/10 09:18:30 AM
#1351   TallRob0 & everyone. I think the senior My4ntoy 06/04/10 09:11:48 AM
#1350   most likely it will revert to CTDB TallRob0 06/03/10 10:16:12 PM
#1349   New symbol? anyone know it? CTDB? S3lfMade 06/03/10 07:47:18 PM
#1348   glad i am on the side this time,this I am a cretin 06/03/10 05:38:02 PM
#1347   emerging from Bk PR S3lfMade 06/03/10 05:20:32 PM
#1346   yeah, people selling. morons buying. thats pretty much it. TallRob0 06/03/10 04:12:42 PM
#1345   Not out, but my shares are f'ed aren't they Briboy 06/03/10 03:41:42 PM
#1344   hosed is a good word. TallRob0 06/03/10 03:39:36 PM
#1343   Am very disappointed with CTDB, thought it was Briboy 06/03/10 03:38:46 PM
#1342   yep,,,,,that small news bit pretty much says that TallRob0 06/03/10 12:10:59 PM
#1341   I'm wondering the same thing. Just noticed rsr2004us 06/03/10 11:53:27 AM
#1340   who's the moron thats buying? TallRob0 06/03/10 11:17:05 AM
#1339   got it, but someone's standing buy orders are rsr2004us 06/03/10 10:06:39 AM
#1338   rsr2004us.. See mostly sells... (lots of them), not My4ntoy 06/03/10 10:04:35 AM
#1337   fundamentally it's game over... there are better opportunities roger that 06/03/10 10:01:24 AM
#1336   Looks like it's down to 1/2 cent now rsr2004us 06/03/10 09:56:52 AM
#1335   glad I got out of this pos at .03 roger that 06/03/10 09:32:45 AM
#1332   Here's more detail on the soon to be My4ntoy 06/03/10 09:05:53 AM
#1331   Aurelius gives up the battle for Citadel..see link My4ntoy 06/03/10 08:55:08 AM
#1329   Prob'bly not. Have you heard of the U2StpM 06/03/10 03:36:40 AM
#1328   Please tell me you are just kidding! TRENDmendous 06/03/10 02:46:34 AM
PostSubject