• Net revenue for the quarter ended December 31, 2008 was $214.2 million
• Segment Operating Income was $67.3 million for the quarter ended December 31, 2008
• During the quarter and year ended December 31, 2008, the Company reduced its long-term debt by approximately $41.5 million and approximately $405.3 million, respectively, resulting in net gains of $29.1 million and $114.7 million, respectively
• The Company is currently negotiating with its lenders to obtain a waiver or amendment to its senior credit facility
• As of December 31, 2008, the Company’s outstanding bank debt was $2,010.7 million and $49.0 million of convertible subordinated notes
On Monday March 16, 2009, 2:08 pm EDT Buzz up! Print Related:Citadel Broadcasting Corporation LAS VEGAS--(BUSINESS WIRE)--Citadel Broadcasting Corporation (OTCBB:CTDB - News) today reported certain results for the quarter and year ended December 31, 2008.
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