Citadel Broadcasting

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Citadel Broadcasting Corporation was a <a href="https://en.wikipedia.org/wiki/Las_Vegas,_Nevada" title="Las Vegas, Nevada" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Las Vegas</a>, <a href="https://en.wikipedia.org/wiki/Nevada" title="Nevada" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Nevada</a>-based broadcast holding company. Citadel owned 243 radio stations across the <a href="https://en.wikipedia.org/wiki/United_States" title="United States" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">United States</a> and was the third-largest radio station owner in the country. Only <a href="https://en.wikipedia.org/wiki/Clear_Channel_Communications" title="Clear Channel Communications" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Clear Channel Communications</a> and <a href="https://en.wikipedia.org/wiki/Cumulus_Media" title="Cumulus Media" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Cumulus Media</a> owned more stations prior to Citadel's merger with Cumulus.

On March 10, 2011, <a href="https://en.wikipedia.org/wiki/Cumulus_Media" title="Cumulus Media" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Cumulus Media</a> announced that it would purchase Citadel Broadcasting. After receiving conditional regulatory approval from the Department of Justice and the <a href="https://en.wikipedia.org/wiki/Federal_Communications_Commission" title="Federal Communications Commission" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Federal Communications Commission</a>, the deal was approved by Citadel shareholders on September 15, 2011. The merger of the two companies closed on September 16, 2011, and Citadel became an indirect wholly owned subsidiary of Cumulus Media.

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<h2 style=" color: black; background-image: none; font-weight: bold; margin: 0px 0px 0.6em; overflow: hidden; padding: 0px; border: none; font-size: 12px; display: inline; background-position: initial initial; background-repeat: initial initial;">Contents</h2>

[<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#" class="internal" id="togglelink" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">hide</a>] </div>

<li class="toclevel-1 tocsection-1" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#History" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">1 History</a></li>

<li class="toclevel-1 tocsection-2" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Company_troubles" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">2 Company troubles</a></li>

<li class="toclevel-1 tocsection-3" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Acquisition_by_Cumulus_Media" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">3 Acquisition by Cumulus Media</a></li>

<li class="toclevel-1 tocsection-4" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Employee_poaching_suit" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">4 Employee poaching suit</a></li>

<li class="toclevel-1 tocsection-5" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Becoming_environmentally_friendly" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">5 Becoming environmentally friendly</a></li>

<li class="toclevel-1 tocsection-6" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Notes" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">6 Notes</a></li>

<li class="toclevel-1 tocsection-7" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#References" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">7 References</a></li>

<li class="toclevel-1 tocsection-8" style=" margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#External_links" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">8 External links</a></li>

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<h2 style=" color: rgb(0, 0, 0); background-image: none; background-color: rgb(255, 255, 255); font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-size: 19.200000762939453px; font-family: sans-serif; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.200000762939453px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-position: initial initial; background-repeat: initial initial;">History<span class="mw-editsection" style=" -webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; padding-right: 0.25em; unicode-bidi: -webkit-isolate; direction: ltr;">[<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting?veaction=edit&vesection=1" title="Edit section: History" class="mw-editsection-link-primary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">edit</a>]<a href="https://en.wikipedia.org/w/index.php?title=Citadel_Broadcasting&action=edit&section=1" title="Edit section: History" class="mw-editsection-link-secondary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; visibility: hidden; background-position: initial initial; background-repeat: initial initial;"> </a></h2>

Citadel Broadcasting launched an online service called Citadel Interactive in 2005, and a year later launched <a href="https://en.wikipedia.org/wiki/Right_Now_Radio" title="Right Now Radio" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Right Now Radio</a>. By July 2007, more than 180 of their stations were streaming online.[<a href="https://en.wikipedia.org/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">citation needed</a>]

Citadel Broadcasting logo prior to 2007 acquisition of ABC Radio.</div>

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After the merger, Citadel's ownership structure was:

<li style=" margin-bottom: 0.1em;">57%: Shareholders in The Walt Disney Company</li>

<li style=" margin-bottom: 0.1em;">27%: Forstmann Little</li>

<li style=" margin-bottom: 0.1em;">16%: Former Citadel shareholders exclusive of Forstmann Little or shareholders in Disney</li>

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In order to comply with FCC ownership limitations, Citadel has sold off twelve of its radio stations. Ten of the stations' licenses have been transferred to a newly formed trust company, <a href="https://en.wikipedia.org/wiki/The_Last_Bastion_Station_Trust,LLC" title="The Last Bastion Station Trust, LLC" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">The Last Bastion Station Trust, LLC</a>. The two-station <a href="https://en.wikipedia.org/wiki/Cortland,New_York" title="Cortland, New York" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Cortland, New York</a>, cluster was sold off prior to the merger in a separate transaction; <a href="https://en.wikipedia.org/wiki/WIII_(FM)" title="WIII (FM)" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">WIII</a> was sold to Saga Communications and WKRT (now <a href="https://en.wikipedia.org/wiki/WYBY" title="WYBY" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">WYBY</a>) has been given to the <a href="https://en.wikipedia.org/wiki/Bible_Broadcasting_Network" title="Bible Broadcasting Network" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Bible Broadcasting Network</a> for free as a tax deductible donation.

However as of June 19, 2008; <a href="https://en.wikipedia.org/wiki/Arbitron" title="Arbitron" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Arbitron</a> has expanded <a href="https://en.wikipedia.org/wiki/Oklahoma_City" title="Oklahoma City" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Oklahoma City</a>'s market definition allowing Citadel to own 5 FM stations in the said area, at which time Citadel Broadcasting applied to re-acquire <a href="https://en.wikipedia.org/wiki/KKWD" title="KKWD" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">KKWD</a> from <a href="https://en.wikipedia.org/wiki/The_Last_Bastion_Station_Trust,_LLC" title="The Last Bastion Station Trust, LLC" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">The Last Bastion Station Trust, LLC</a> with the <a href="https://en.wikipedia.org/wiki/Federal_Communications_Commission" title="Federal Communications Commission" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Federal Communications Commission</a> (FCC). According to FCC documents, <a href="https://en.wikipedia.org/wiki/KKWD" title="KKWD" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">KKWD</a> was re-absorbed into Citadel's station portfolio on July 9, 2009.

On April 2, 2009; the staff of Citadel Broadcasting changed the name of "ABC Radio" to <a href="https://en.wikipedia.org/wiki/Citadel_Media" title="Citadel Media" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Citadel Media</a> to reflect on its ownership of the major network.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-3" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[3]</a>

In addition to Citadel Media, Citadel also owned the <a href="https://en.wikipedia.org/wiki/Arkansas_Radio_Network" title="Arkansas Radio Network" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Arkansas Radio</a>, Tennessee Titans Radio, <a href="https://en.wikipedia.org/wiki/Buffalo_Bills_Radio_Network" title="Buffalo Bills Radio Network" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Buffalo Bills</a> and the <a href="https://en.wikipedia.org/wiki/Michigan_Talk_Network" title="Michigan Talk Network" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Michigan Talk</a> radio networks.

<h2 class="" style=" color: rgb(0, 0, 0); background-image: none; background-color: rgb(255, 255, 255); font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-size: 19.200000762939453px; font-family: sans-serif; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.200000762939453px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-position: initial initial; background-repeat: initial initial;">Company troubles<span class="mw-editsection" style=" -webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; padding-right: 0.25em; unicode-bidi: -webkit-isolate; direction: ltr;">[<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting?veaction=edit&vesection=2" title="Edit section: Company troubles" class="mw-editsection-link-primary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">edit</a>]<a href="https://en.wikipedia.org/w/index.php?title=Citadel_Broadcasting&action=edit&section=2" title="Edit section: Company troubles" class="mw-editsection-link-secondary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; visibility: hidden; background-position: initial initial; background-repeat: initial initial;"> </a></h2>

On September 12, 2008; Citadel Broadcasting has received a notice from the <a href="https://en.wikipedia.org/wiki/New_York_Stock_Exchange" title="New York Stock Exchange" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">New York Stock Exchange</a> (NYSE) warning them that they will be facing a delisting after the company shares fell below the continuing listing criteria in the past 30 days.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-4" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[4]</a> On February 27, 2009, the NYSE carried out that action. After an IPO of $20.67 in August 2003, and a high of $22.70 in December 2003, CDL closed at $0.01 on March 6, 2009.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-5" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[5]</a> Delisting happened on March 5, 2009.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-6" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[6]</a>

Since the delisting, the staff of Citadel Broadcasting ceased holding conference calls and would no longer issue quarterly guidance. But the 10-Q filed May 7, 2010 at the <a href="https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">U.S. Securities and Exchange Commission</a> (SEC) indicated that Citadel expected to remain in compliance with lender covenants through 2009. Given the current conditions, it would be unlikely for the company to meet the benchmarks it had to hit in 2010, starting January 15 of that year. Citadel is carrying $2 billion in debt following the June 12, 2007 deal with Disney for the ABC Radio properties.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-7" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[7]</a> Overall, Citadel's revenue fell almost 23%.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-8" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[8]</a>

In a quarterly SEC filing, the company disclosed the possibility of a <a href="https://en.wikipedia.org/wiki/Chapter_11" title="Chapter 11" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Chapter 11</a> bankruptcy. The company, in the filing, says that it "does not expect to meet its covenant requirements under the Senior Credit and Term Facility as of January 15, 2010." The Wall Street Journal reported that Citadel worked on a "prearranged" bankruptcy package in which lenders would get ownership of Citadel in exchange for forgiving about $2 billion of the company's $2.76 billion-dollar debt.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-mediapost.com-9" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[9]</a> The filing began on December 20, 2009.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-10" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[10]</a>

During that period, its Senior lenders took 90% of the equity, and the re-structuring approved by a Manhattan federal bankruptcy judge is now complete. The company’s debt was sliced by two-thirds from $2.14 billion to $762.5 million, and was poised to be an acquirer as well as an operator.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-11" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[11]</a>

On Dec. 11, 2009, the <a href="https://en.wikipedia.org/wiki/Wall_Street_Journal" title="Wall Street Journal" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Wall Street Journal</a> reported that Citadel planned to file for bankruptcy by the end of the month,<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-mediapost.com-9" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[9]</a> and Citadel filed for bankruptcy 9 days later.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-12" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[12]</a> It emerged from bankruptcy in June 2010, owned by its lenders, the Dallas hedge fund R2 Investments, <a href="https://en.wikipedia.org/wiki/JPMorgan_Chase" title="JPMorgan Chase" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">JPMorgan Chase</a> and the buyout firm<a href="https://en.wikipedia.org/wiki/TPG_Capital" title="TPG Capital" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">TPG</a>.

<h2 style=" color: rgb(0, 0, 0); background-image: none; background-color: rgb(255, 255, 255); font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-size: 19.200000762939453px; font-family: sans-serif; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.200000762939453px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-position: initial initial; background-repeat: initial initial;">Acquisition by Cumulus Media<span class="mw-editsection" style=" -webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; padding-right: 0.25em; unicode-bidi: -webkit-isolate; direction: ltr;">[<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting?veaction=edit&vesection=3" title="Edit section: Acquisition by Cumulus Media" class="mw-editsection-link-primary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">edit</a>]<a href="https://en.wikipedia.org/w/index.php?title=Citadel_Broadcasting&action=edit&section=3" title="Edit section: Acquisition by Cumulus Media" class="mw-editsection-link-secondary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; visibility: hidden; background-position: initial initial; background-repeat: initial initial;"> </a></h2>

On March 10, 2011, Citadel Broadcasting announced via email that it had been purchased by Cumulus Media in a deal worth $1.7 billion dollars. Pending approval from Citadel shareholders, it was expected that the deal would be finalized by the end of 2011.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-15" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[15]</a> Some of the Cumulus or Citadel radio stations would, however, have to be transferred into a trust to comply with the FCC's ownership limitations, especially in those markets where Citadel already had a "grandfathered" over-the-limit station group.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-16" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[16]</a> Ultimately these included <a href="https://en.wikipedia.org/wiki/WELJ" title="WELJ" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">WELJ</a> (<a href="https://en.wikipedia.org/wiki/Montauk,New_York" title="Montauk, New York" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Montauk, New York</a>) and <a href="https://en.wikipedia.org/wiki/WCAT-FM" title="WCAT-FM" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">WCAT-FM</a> (<a href="https://en.wikipedia.org/wiki/Carlisle,Pennsylvania" title="Carlisle, Pennsylvania" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Carlisle, Pennsylvania</a>), placed in a trust operated by Scott Knoblauch.

Cumulus Media's purchase of Citadel became final on September 16, 2011.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-17" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[17]</a>

<h2 style=" color: rgb(0, 0, 0); background-image: none; background-color: rgb(255, 255, 255); font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-size: 19.200000762939453px; font-family: sans-serif; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.200000762939453px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-position: initial initial; background-repeat: initial initial;">Employee poaching suit<span class="mw-editsection" style=" -webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; padding-right: 0.25em; unicode-bidi: -webkit-isolate; direction: ltr;">[<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting?veaction=edit&vesection=4" title="Edit section: Employee poaching suit" class="mw-editsection-link-primary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">edit</a>]<a href="https://en.wikipedia.org/w/index.php?title=Citadel_Broadcasting&action=edit&section=4" title="Edit section: Employee poaching suit" class="mw-editsection-link-secondary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; visibility: hidden; background-position: initial initial; background-repeat: initial initial;"> </a></h2>

<p style=" margin: 0.4em 0px 0.5em; line-height: 19.200000762939453px; color: rgb(0, 0, 0); font-family: sans-serif; font-size: 12.800000190734863px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">In early 2007, Citadel Broadcasting filed a <a href="https://en.wikipedia.org/wiki/Lawsuit" title="Lawsuit" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">lawsuit</a> against <a href="https://en.wikipedia.org/w/index.php?title=Peak_Broadcasting&action=edit&redlink=1" class="new" title="Peak Broadcasting (page does not exist)" style=" text-decoration: none; color: rgb(165, 88, 88); background-image: none; background-position: initial initial; background-repeat: initial initial;">Peak Broadcasting</a>, claiming Peak raided its staff and secured company information. Peak operated in the <a href="https://en.wikipedia.org/wiki/Boise,Idaho" title="Boise, Idaho" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Boise, Idaho</a> market after purchasing six radio stations from <a href="https://en.wikipedia.org/wiki/Clear_Channel_Communications" title="Clear Channel Communications" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Clear Channel Communications</a>. Citadel also owns six stations in Boise. The suit claimed that one of the former Citadel employees stole a computer disk with <a href="https://en.wikipedia.org/wiki/Confidentiality" title="Confidentiality" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">critical information</a> after asking the Citadel IT person to help him copy information, which Peak then used to compete against Citadel in <a href="https://en.wikipedia.org/wiki/Fresno,California" title="Fresno, California" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Fresno, California</a>, as well. Peak has denied the allegations, but the two parties reached a confidential settlement, which included an undisclosed payment to Citadel, according to the <a href="https://en.wikipedia.org/wiki/Idaho_Statesman" title="Idaho Statesman" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Idaho Statesman</a>.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-18" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[18]</a>

<h2 style=" color: rgb(0, 0, 0); background-image: none; background-color: rgb(255, 255, 255); font-weight: normal; margin: 0px 0px 0.6em; overflow: hidden; padding-top: 0.5em; padding-bottom: 0.17em; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(170, 170, 170); font-size: 19.200000762939453px; font-family: sans-serif; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 19.200000762939453px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-position: initial initial; background-repeat: initial initial;">Becoming environmentally friendly<span class="mw-editsection" style=" -webkit-user-select: none; font-size: small; font-weight: normal; margin-left: 1em; vertical-align: baseline; line-height: 1em; display: inline-block; white-space: nowrap; padding-right: 0.25em; unicode-bidi: -webkit-isolate; direction: ltr;">[<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting?veaction=edit&vesection=5" title="Edit section: Becoming environmentally friendly" class="mw-editsection-link-primary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">edit</a>]<a href="https://en.wikipedia.org/w/index.php?title=Citadel_Broadcasting&action=edit&section=5" title="Edit section: Becoming environmentally friendly" class="mw-editsection-link-secondary" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; visibility: hidden; background-position: initial initial; background-repeat: initial initial;"> </a></h2>

<p style=" margin: 0.4em 0px 0.5em; line-height: 19.200000762939453px; color: rgb(0, 0, 0); font-family: sans-serif; font-size: 12.800000190734863px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">On April 16, 2008, Citadel Broadcasting became the first organization-wide radio company to join the <a href="https://en.wikipedia.org/wiki/United_States_Environmental_Protection_Agency" title="United States Environmental Protection Agency" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">Environmental Protection Agency</a>'s "Green Power Partnership Program" and committed <a href="https://en.wikipedia.org/wiki/United_States_dollar" title="United States dollar" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">US$</a>1 million in Educational Green <a href="https://en.wikipedia.org/wiki/Public_service_announcement" title="Public service announcement" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">public service announcements</a>. In April 2008, ABC/Citadel's <a href="https://en.wikipedia.org/wiki/KGO(AM)" title="KGO (AM)" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">KGO-AM</a> in <a href="https://en.wikipedia.org/wiki/San_Francisco,California" title="San Francisco, California" class="mw-redirect" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">San Francisco, California</a> was installing equipment for broadcasing with <a href="https://en.wikipedia.org/wiki/Solar_power" title="Solar power" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">solar power</a> during the <a href="https://en.wikipedia.org/wiki/Daytime_(astronomy)" title="Daytime (astronomy)" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; background-position: initial initial; background-repeat: initial initial;">daytime</a> hours.<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-19" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[19]</a><a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#cite_note-20" style=" text-decoration: none; color: rgb(11, 0, 128); background-image: none; white-space: nowrap; background-position: initial initial; background-repeat: initial initial;">[20]</a> The maximum rated output of the solar cells installed at the KGO transmitter site is a little over 7 kW, which under ideal conditions is about 15% of the 50 kW of electricity radiated by the transmitter during daytime hours.<a rel="nofollow" class="external autonumber" href="http://guntherportfolio.blogspot.com/2008/05/kgo-radio-solar-project-update-solfocus.html" style=" text-decoration: none; color: rgb(102, 51, 102); background-image: url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAoAAAAKCAYAAACNMs+9AAAAVklEQVR4Xn3PgQkAMQhDUXfqTu7kTtkpd5RA8AInfArtQ2iRXFWT2QedAfttj2FsPIOE1eCOlEuoWWjgzYaB/IkeGOrxXhqB+uA9Bfcm0lAZuh+YIeAD+cAqSz4kCMUAAAAASUVORK5CYII=); padding-right: 13px; background-position: 100% 50%; background-repeat: no-repeat no-repeat;">[1]</a>

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<div class="f kv" style=" color: rgb(102, 102, 102); display: block; margin-bottom: 1px; white-space: nowrap;"><cite style=" color: rgb(0, 128, 42); font-style: normal; font-size: 14px !important;">https://en.wikipedia.org/wiki/Citadel_Broadcasting</cite>‎

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Citadel Broadcasting logo prior to 2007 acquisition of ABC Radio. On February 6, 2006, Forstmann Little and The Walt Disney Company agreed to merge ...

<div class="osl" style=" color: rgb(119, 119, 119); margin-top: 4px;">‎<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#History" class="fl" onmousedown="return rwt(this,'','','','1','AFQjCNG8YnYjt-fXcUMqMiV5XvQfRZwSRg','','0CDEQ0gIoADAA','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer; text-decoration: none;">History</a>  - ‎<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Company_troubles" class="fl" onmousedown="return rwt(this,'','','','1','AFQjCNG8YnYjt-fXcUMqMiV5XvQfRZwSRg','','0CDIQ0gIoATAA','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer; text-decoration: none;">Company troubles</a>  - ‎<a href="https://en.wikipedia.org/wiki/Citadel_Broadcasting#Acquisition_by_Cumulus_Media" class="fl" onmousedown="return rwt(this,'','','','1','AFQjCNG8YnYjt-fXcUMqMiV5XvQfRZwSRg','','0CDMQ0gIoAjAA','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer; text-decoration: none;">Acquisition by Cumulus Media</a> </div>

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<div class="f kv" style=" color: rgb(102, 102, 102); display: block; margin-bottom: 1px; white-space: nowrap;"><cite style=" color: rgb(0, 128, 42); font-style: normal; font-size: 14px !important;">en.wikipedia.org/wiki/Cumulus_Media_Networks</cite>‎

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The acquisition of ABC Radio by Citadel Broadcasting was officially completed on June 12, 2007 and the "ABC Radio Networks" logo was licensed from Disney ...</div>

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<h3 class="r" style=" font-size: medium; font-weight: normal; margin: 0px; padding: 0px; display: block; overflow: hidden; text-overflow: ellipsis; white-space: nowrap;"><a href="http://www.citadelbroadcasting.com/" onmousedown="return rwt(this,'','','','3','AFQjCNFc2Mc6_byplygcHOlbT0G_BRSDNw','','0CDoQFjAC','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer;">Citadel Broadcasting</a> </h3>

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Find Real Estate, Apartment For Rent and more at Citadelbroadcasting.com. Get the best of Personals or Cheap Airfare, browse our section on Vacation ...</div>

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<h3 class="r" style=" font-size: medium; font-weight: normal; margin: 0px; padding: 0px; display: block; overflow: hidden; text-overflow: ellipsis; white-space: nowrap;"><a href="http://dealbook.nytimes.com/2009/12/21/who-killed-citadel-broadcasting/" onmousedown="return rwt(this,'','','','4','AFQjCNHr6alm_IiWGeFOL7P-MmIzvzNs-A','','0CEAQFjAD','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer;">Who Killed Citadel Broadcasting? - NYTimes.com</a> </h3>

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<div class="f kv" style=" color: rgb(102, 102, 102); display: block; margin-bottom: 1px; white-space: nowrap;"><cite style=" color: rgb(0, 128, 42); font-style: normal; font-size: 14px !important;">dealbook.nytimes.com/2009/12/21/who-killed-citadel-broadcasting/</cite>‎

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Dec 21, 2009 - Unfortunately Citadel Broadcasting bought into ABC Radio at their zenith. The big loss was Paul Harvey whom brought many millions of dollars ...</div>

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<h3 class="r" style=" font-size: medium; font-weight: normal; margin: 0px; padding: 0px; display: block; overflow: hidden; text-overflow: ellipsis; white-space: nowrap;"><a href="http://thewaltdisneycompany.com/disney-news/press-releases/2007/06/walt-disney-and-citadel-broadcasting-announce-information" onmousedown="return rwt(this,'','','','5','AFQjCNEixCLIs5638jRYt81Q4EWwsN_plw','','0CEYQFjAE','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer;">walt disney and citadel broadcasting announce information</a> </h3>

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<div class="f kv" style=" color: rgb(102, 102, 102); display: block; margin-bottom: 1px; white-space: nowrap;"><cite style=" color: rgb(0, 128, 42); font-style: normal; font-size: 14px !important;">thewaltdisneycompany.com/.../walt-disney-and-citadel-broadcasting-ann...</cite>‎

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Jun 5, 2007 - WALT DISNEY AND CITADEL BROADCASTING ANNOUNCE INFORMATION REGARDING CONSIDERATION IN THE ABC RADIO MERGER.</div>

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<h3 class="r" style=" font-size: medium; font-weight: normal; margin: 0px; padding: 0px; display: block; overflow: hidden; text-overflow: ellipsis; white-space: nowrap;"><a href="http://abcnews.go.com/Business/story?id=1586358" onmousedown="return rwt(this,'','','','6','AFQjCNFPYfBuPDr7qrmJRnBH61K4xei5Gw','','0CEwQFjAF','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer;">Disney Merges ABC Radio with Citadel Broadcasting - ABC News</a> </h3>

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<div class="f kv" style=" color: rgb(102, 102, 102); display: block; margin-bottom: 1px; white-space: nowrap;"><cite class="bc" style=" color: rgb(0, 128, 42); font-style: normal; font-size: 14px !important;">abcnews.go.com › <a href="http://abcnews.go.com/Business/" onmousedown="return rwt(this,'','','','6','AFQjCNHiabdpCmjMk6wuRAiQcUBYFP7JIg','','0CE4Q6QUoADAF','','',event)" wrc_done="true" style=" color: rgb(0, 128, 42); cursor: pointer; text-decoration: none; font-style: normal;">Money</a> </cite>‎

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Feb 6, 2006 - The Walt Disney Company announced today that it is spinning off its radionetwork assets into a new company that will combine Disney-owned ...</div>

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<h3 class="r" style=" font-size: medium; font-weight: normal; margin: 0px; padding: 0px; display: block; overflow: hidden; text-overflow: ellipsis; white-space: nowrap;"><a href="http://corporate.disney.go.com/news/corporate/2006/2006_0206_radio.html" onmousedown="return rwt(this,'','','','7','AFQjCNGXRq2mB_f1HL9DMpj6Qg9U4HzyBg','','0CFQQFjAG','','',event)" wrc_done="true" style=" color: rgb(37, 24, 181); cursor: pointer;">ABC Radio to Merge with Citadel Broadcasting - The Walt D</a></h3>

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