Citadel Hires Help For Station Sell-Off
December 13, 2007 at 1:53 PM (PT)
CITADEL BROADCASTING has hired CREDIT SUISSE SECURITIES LLC and DEUSTCHE BANK SECURITIES INC. to explore selling off assets.
The broadcaster is looking to raise $75 million to $175 million over the next 12 to 24 months by selling off some of its stations, including those that it was required to divest in order to buy the ABC RADIO stations. CITADEL presently owns 165 FM and 58 AM stations as well as ABC RADIO NETWORKS.