Farid Suleman is out of the closet on bankruptcy.
Federal rules required his company file its 10-Q report as all publicly-traded companies must.
There is a reason Suleman filed it on Friday evening just ahead of the weekend because it would be better if no one knew the blunt terms Citadel had to use to assess the prospect for bankruptcy.
The parade of shareholder destruction continues.
Among the revelations right from Suleman
Recent Posts
- The Audacy Cutbacks Yet to Come
- Cumulus Expense Cuts Coming
- Beasley Tees Up Pre-Bankruptcy
- The Risky Cumulus Re-fi
- Will the Soros/Cumulus Rollup Succeed?
- The Meaning of Vinyl Outselling CDs
- Alfred is Looking After Alfred (Not Urban One)
- Details in the Audacy/Cumulus Rollup
- The P1 Podcast Model of the Future
- Tough Times Ahead for iHeart