Citadel Reportedly Unhappy With ABC Deal

Citadel Reportedly Unhappy With ABC Deal
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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.

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