Citadel Asks Court For OK To Pay Sports Rights Fees
January 13, 2010 at 5:45 PM (PT)
THE WALL STREET JOURNAL is reporting that CITADEL has asked the judge in its bankruptcy filing to add MAJOR LEAGUE BASEBALL, NFL, and NCAA teams to the list of program providers who will continue to be paid through the company's reorganization. The JOURNAL reports that the list already includes some of CITADEL MEDIA's syndicated personalities, including DON IMUS, MARK LEVIN, and MIKE HUCKABEE.
Approval by the court is required to pay amounts due for services rendered before the company's DECEMBER 20th bankruptcy filing, and not paying the bills could cause the company to lose the programming or personalities. CITADEL seeks approval to pay up to $250,000 for sports rights and $6.5 million to the list of personalities owed for past work.