Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now


Citadel Reportedly Unhappy With ABC Deal

Citadel Reportedly Unhappy With ABC Deal

According to the Wall Street Journal, Citadel Broadcasting wants to renegotiate some of the terms of its $2.7 billion deal to buy the ABC radio business from Disney.
“Citadel, which agreed to buy the business in February, hopes to renegotiate terms of the deal’s debt financing amid a 27 percent slide in its stock price,” Reuters summarized the Journal report. New negotiations have not started, the article said, citing a source close to the situation.

Sorry. No data so far.