Disney saw bids last week from New York's Kohlberg Kravis Roberts & Co. and Bala Cynwid, Pa.-based Entercom Communications Corp., both of which had both long been considered frontrunners for its 73-station radio unit, before naming Las Vegas-based Citadel as the preferred acquirer and entering into exclusive negotiations.
A deal is expected to close within two weeks, but only if talks don’t break down first, according to sources mentioned in the report.
