wing nut radio operator files for bankruptcy!

[Bravo Zulu]

Citadel owns and operates 224 radio stations, including KABC-AM in Los Angeles, WLS-AM in Chicago, WABC-AM and WPLJ-FM in New York and KGO-AM in San Francisco. Citadel's WABC is home to several syndicated hosts, including Don Imus, Rush Limbaugh, Joe Scarborough and Mark Levin

http://www.huffingtonpost.com/2009/12/20/citadel-broadcasting-bank_0_n_398556.html

[medeak]

1. k&r n/t

[biscotti]

2. ah Karma

[sellitman]

3. Don Imus, Rush Limbaugh, Joe Scarborough go bye bye?

In my dreams.

[Renew Deal]

12. Comeon, you love Scarbarough.

Just admit it. All DUers do. :D

[sellitman]

13. Me?

Love the Intern Killer?

Not in your wildest.

[valerief]

4. It's like clearing up an STD. nt

[no_hypocrisy]

5. Can the bankruptcy court force Citadel to sell off its stations?

[yodoobo]

6. They have that power

But they won't do it based on ideology.

if the debtor holders are better served by selling stations thats what they will do.

If the debtors are better served by reorganizing debt then they do that.

May very well be a combination of both.

Odds are its a reorganization. Sell a few stations, restructure some debt, but continue doing business.

[HowHasItComeToThis]

8. I HOPE FOR COLLAPSE... TOTAL

:puke: :puke: :puke: :puke: :puke: :puke: :puke:

[malaise]

7. My stocking is being filled

This is great. :rofl:

[NashVegas]

9. Clear Channel's Creditors Consider Them In Default

http://online.wsj.com/article/BT-CO-20091218-705612.html

Because they're trying to raise money via bonds right now.

These corps bought up properties, then slashed budgets for programming and invested heavily in automated delivery, all the while making themselves irrelevant.

Sticks ought to be selling at fire sale prices right now, but the corps are sitting on them. The latest scheme I've seen is they want to go HD and lease side channels to independent programmers. Like, anyone is going to be able to make money in such a ridiculously diluted marketplace ...

[lib2DaBone]

10. I wish we had our "LOCAL" radio stations back...

local news, local commercials, community service programming designed to serve the community of license....

Clear Channel owns all 5 radio stations in our town... the merchants HATE CLear Channel and refuse to advertise, we get NO local news and NO local programming.

Tell me again how this is good?

[Renew Deal]

11. Sad for the workers, but Citadel is run by creeps.

[applegrove]

14. Clap, clap, clap.

[The Straight Story]

15. Well I am sure clear channel will buy them up (nt)