Re: Citadel stocks crash

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Posted by formerchicagoan on March 05, 2009 at 19:22:46:

In Reply to: Citadel stocks crash posted by Penny on March 05, 2009 at 19:19:49:

No. They won't go dark. While ad spending is down, WLS' ratings -- both AM and FM -- are more than high enough to maintain a revenue level of some kind.

The issue here is not the down ad market, though that isn't helping. The issue here is the financing.

Chapter 11 may be what happens next. After that, FaGREED Suleiman may well just be forced out of the radio business.

: Citadel stocks closed today at ONE PENNY PER SHARE. One freaking cent to buy Citadel stock. I'm not sure its even worth that much. How much longer can this company survive? Will WLS go dark this year?

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: No. They won't go dark. While ad spending is down, WLS' ratings -- both AM and FM -- are more than high enough to maintain a revenue level of some kind. : The issue here is not the down ad market, though that isn't helping. The issue here is the financing. : Chapter 11 may be what happens next. After that, FaGREED Suleiman may well just be forced out of the radio business. : : : Citadel stocks closed today at ONE PENNY PER SHARE. One freaking cent to buy Citadel stock. I'm not sure its even worth that much. How much longer can this company survive? Will WLS go dark this year?

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