InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,634.80
(
0.80%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
86.84
(
-0.09%
)
Bitcoin
60,107.05
(
-0.09%
)
Post# of 1381
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

PennyJones

Send PM Follow Ignore
Followers 7
Posts 1795
Boards Moderated 0
Alias Born 11/04/2008

PennyJones

Re: Shepo69 post# 14

Friday, 03/06/2009 3:11:01 PM

Friday, March 06, 2009 3:11:01 PM

Post# of 1381
Not sure, here is their explantion:

http://www.citadelbroadcasting.com/uploadedFiles/Websites/Citadel_Broadcasting/Content/Press_Room/2009/CDL%20announcement%20of%20OTC.pdf

They dont say why, just that they expected it.

Looking at their rev numbers from 3rd Q 2008, they look far from bankrupt with 214 million in revenues:
(29 million in the 3rd Q alone)

http://www.citadelbroadcasting.com/uploadedFiles/Websites/Citadel_Broadcasting/Content/Press_Room/2008/CDL-2008%20Third%20Qrtr%20Earnings%20Release(2).pdf

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up