Citadel Broadcasting Corporation (fka CTDBQ)

[MCTaxes]

Citadel Applies To Move Licenses Back From Debtor Status-Article


http://www.allaccess.com/net-news/archive/story/74755/citadel-applies-to-move-licenses-back-from-debtor-?ref=mail_recap



CITADEL BROADCASTING has filed the paperwork with the FCC to move its stations back from debtor-in-possession status to its post-reorganization entities. The applications note that "the attributable ownership interests in CITADEL are substantively unchanged" from the entities that existed before the company filed for Chapter 11 bankruptcy.
The WALT DISNEY CO. has also filed a reservation of rights to assert its ownership of the trademarks KABC, KGO, KGO NEWSTALK, WABC, WLS, ABC GALAXY RADIO NETWORK, ABC GENESIS RADIO NETWORK, ABC PLATINUM RADIO NETWORK, ANC PRIME RADIO NETWORK, ABC RADIO, and ABC RADIO NETWORKS, plus several URLs. "To avoid the expense, time, and uncertainty of litigation, TWDC and the Debtors are currently negotiating a stipulation and order to settle their disputes," the filing states.
CITADEL is also facing an objection to its reorganization plan from 60 MONROE CENTER LLC, the landlord for CITADEL in GRAND RAPIDS, which claims that CITADEL owes it a missed rent payment and expenses of $23,932.20 while CITADEL's plan claimed that it owes nothing to the landlord.