Citadel warns bankruptcy may lie ahead (Dealscape

Citadel Broadcasting Corp. raised the specter of bankruptcy Monday while posting third-quarter results that suggest the recession has yet to abate in the radio industry.

The Las Vegas-based radio broadcaster, in which New York private equity shop Forstmann Little & Co. maintains a controlling interest, reported in a Form 10-Q that it expected to remain in compliance with its debt covenants through 2009. But Citadel added that it expected not to be compliant as early as Jan. 15.

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205 in-depth records of Bankruptcy warnings in the Media sector
115 company pages related to Radio
81 articles related to Citadel Broadcasting Corp.
15 in-depth transaction records for Forstmann Little & Co.
10 years of news and analysis archives from the voice of The Deal Economy

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NOT A SUBSCRIBER? Citadel warns bankruptcy may lie ahead Posted on November 9, 2009 9:30 PM Citadel Broadcasting Corp. raised the specter of bankruptcy Monday while posting third-quarter results that suggest the recession has yet to abate in the radio industry. The Las Vegas-based radio broadcaster, in which New York private equity shop Forstmann Little & Co. maintains a controlling interest, reported in a Form 10-Q that it expected to remain in compliance with its debt covenants through 2009. But Citadel added that it expected not to be compliant as early as Jan. 15. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 205 in-depth records of Bankruptcy warnings in the Media sector 115 company pages related to Radio 81 articles related to Citadel Broadcasting Corp. 15 in-depth transaction records for Forstmann Little & Co. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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