Citadel Closes At 1 Cent; Most Radio Stocks Fall
March 5, 2009 at 6:03 PM (PT)
The strong downward financial pressure on CITADEL BROADCASTING continued on its final day on the NEW YORK STOCK EXCHANGE, as shares of CDL closed at .01/share, down 90% from the open at .09. TOMORROW it begins trading on the OTC.
CITADEL now has a total market cap of just $2.70 million.