Can Citadel Broadcasting survive?

[Doug Drown]

You guys are the broadcasting pros; I'm an outside observer.  So the 
question: What did ABC see coming?  It was obvious at the time that the 
company was selling off its O&Os for a reason, while keeping the Radio 
Disney stations.

And if ABC saw it coming, what keeps Clear Channel afloat?  (Yes, I know 
they have sold/are selling a bunch of stations.)  What keeps CBS Radio 
afloat?  Or Cumulus?

Just wondering what the differences are here.  Doubtless I've missed 
something.

-Doug


----- Original Message ----- 
From: <kvahey@comcast.net>
To: "(newsgroup) Boston-Radio-Interest" 
<boston-radio-interest@bostonradio.org>; "Scott Fybush" <scott@fybush.com>
Sent: Saturday, March 01, 2008 12:07 PM
Subject: Can Citadel Broadcasting survive?


> Citadel is in big trouble. Their stock is down to $1.03 this morning
> and yesterday they virtually eliminated the newsroom at WLS Chicago
> and fired John Gambling at WABC. Revenue at WPLJ is reported to be
> down 50% from a year ago.
>
> The morning show at WLS is rumored to be the next to go at it appears
> WLS will be forced to carry Imus who never did well in Chicago.
>
> If they are making these kind of drastic cuts at the top it doesn't
> bode well for their clusters in smaller markets.
>
> I guess in retrospect Disney saw it coming and bailed out.