If you want to know how Citadel CEO Farid "Fagreed" Suleman is going to avoid filing for Chapter 11 bankruptcy January 15th when he can't pay $150 million in debt, here's the answer.
It appears the fix is on right now to emerge with a pre-packaged bankruptcy for Citadel.
That is, it happens fast.
Everything is predictable because it has been negotiated in advance and it's kind of like having the honeymoon before the wedding.
Without this maneuver, Citadel throws its fate into the hands of a bankruptcy judge who is likely to appoint caretakers to preside over Citadel while a plan is drawn up to emerge from&hellip
Recent Posts
- The Erosion of Radio’s Digital
- The Unintended Consequences of the CBS Radio News Shutdown
- The Major Market Selloff
- Salem’s $31 Million “Inside Job”
- The Disconnected Dashboard
- Is Saga’s Turnaround Working?
- Beasley’s Hall Pass
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play