 | |
| Industry | Radio Broadcasting |
|---|---|
| Founded | June 18, 1984 |
| Defunct | September 16, 2011 |
| Fate | Purchased and absorbed into Cumulus Media |
| Successor | Cumulus Media |
| Headquarters | , |
Area served | United States |
Key people | Larry Wilson, Founder/CEO |
| Revenue | US$719,760,000 (2007) |
| Divisions | Citadel Media |
Citadel Broadcasting Corporation was a Las Vegas, Nevada-based broadcast holding company founded and developed by Larry Wilson. Citadel owned 243 radio stations across the United States and was the third-largest radio station owner in the country.[1] Just prior to Citadel's merger with Cumulus, only Clear Channel Communications (now iHeartMedia) and Cumulus Media owned more stations.
On March 10, 2011, Cumulus Media announced that it would purchase Citadel Broadcasting. After receiving conditional regulatory approval from the Department of Justice and the Federal Communications Commission, the deal was approved by Citadel shareholders on September 15, 2011. The merger of the two companies closed on September 16, 2011, and Citadel was immediately absorbed into Cumulus Media.
- ^ Pitt, David (21 Dec 2009). "Citadel radio network in Chapter 11". Newspapers.com. The Sacramento Bee. Associated Press. p. A4. Retrieved 21 November 2023.