Citadel Consummates ABC Acquisition

Disney and Citadel Broadcasting completed the Disney spin-off of ABC Radio Holdings and subsequent merger of that entity with a subsidiary of Citadel.
Author:
Publish date:

Disney and Citadel Broadcasting completed the Disney spin-off of ABC Radio Holdings and subsequent merger of that entity with a subsidiary of Citadel.

The deal includes 22 stations and the ABC Radio Network. Not part of the deal were ESPN Radio or the Radio Disney network and station businesses. The sale was announced in February 2006.

Citadel, headed by Farid Suleman as chairman/CEO, now has 179 FM and 66 AM stations as well as the ABC Radio Network business.

Related

Image placeholder title

Citadel, ABC Engineering Now One

Citadel is going through an introspective post-merger phase; and its technical department is focused on what it will take to integrate 22 large-market facilities and a radio network into what becomes the third-largest U.S. radio group by station count.