Citadel Threatened With NYSE Delisting
October 10, 2008 at 5:33 AM (PT)
CITADEL BROADCASTING CORP. gets another delisting threat from the NEW YORK STOCK EXCHANGE. The company has received notice that its stock price has been below the NYSE's criteria for listing for over 30 days, requiring CITADEL to submit a business plan within 45 days demonstrating how the company will regain compliance.
The company, in a press release, says it plans to cure the deficiency and return to compliance. CITADEL was previously hit with a delisting notice in SEPTEMBER.
CITADEL (CDL) closed at $0.17 yesterday on the NYSE. Follow it's stock price here.
To keep tabs on radio stocks, head for the ALL ACCESS STOCK PAGE, and then scroll down through the radio stocks the ALL ACCESS COMPOSITE, and other quotes in the INDUSTRY-RELATED INDEX.