Cumulus/Citadel meger

[Doug Drown]

>>How will legacy stations like WABC and WLS be treated? There are rumors 
>>that
Entercom is still making a bid for the Chicago cluster.

There still is an organic tie between Citadel and ABC.  I would doubt the 
new company would let any of the ABC legacy stations go.  (That having been 
said, however, look at what GE did to NBC's radio O & Os.)

I agree with your assessment that the merger doesn't bode well for the 
industry.   Who's next?   -Doug





----- Original Message ----- 
From: "Kevin Vahey" <kvahey@gmail.com>
To: "bri" <bri@bostonradio.org>
Sent: Saturday, March 12, 2011 3:49 PM
Subject: Cumulus/Citadel meger


> http://www.businesswire.com/news/home/20110310005763/en/Citadel-Broadcasting-Signs-Merger-Agreement-Cumulus-Media
>
> Obviously this is a big merger between 2 companies that are not doing 
> well.
> It doesn't affect Boston radio but can we expect changes in Providence,
> Worcester, Springfield, Portsmouth and Bangor?
>
> How will legacy stations like WABC and WLS be treated? There are rumors 
> that
> Entercom is still making a bid for the Chicago cluster.
>
> My gut feeling is this doesn't bode well for the industry ( especially the
> people who make their living at it )
>