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.