Citadel Broadcasting said it has hired financial advisers to help it divest some of its holdings.
The assets to be sold are not those required to be shed after its transaction with ABC Radio. The advisers are Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc.
The company said it hopes to generate $75 million to $175 million in sale proceeds over the next year or two, including the sale of stations forced by the ABC deal.
