Citadel Broadcasting Corporation Files For Chapter 11
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Citadel Broadcasting Corporation and numerous affiliates filed for chapter 11 today at the United States Bankruptcy Court for the Southern District of New York. The debtors are the third largest radio broadcasting company in the United States, owning 224 radio stations across the country.
Las Vegas-based, Citadel Broadcasting Corporation's petition lists $1.4 billion in assets and $2.46 billion in debts.
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