Citadel won't make it past the serious problem of renegotiating its new debt agreement by the end of this year.
Citadel may not even make it to the end of the year.
Yesterday, Citadel went silent on financial info.
No more press releases or conference calls. They're just going through the motions now because there is no longer an upside to the radio industry and in particular, their stock.
Bankruptcy is inevitable.
The best they can do from here on in is more of the same or worse. The economy is killing the part of radio that bad debt management and poor decision making hasn't already done&hellip
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