ABC/Citadel is now “owned” by JP Morgan Chase – the bankruptcy filing indicates that JP Morgan leads the groups of banks that threw in the towel and finally dragged Citadel into court. Their proposed plan is to convert old debt to new debt and wipe out the stock equity owners…. where Disney stands in that equation I’m not sure… it was a complicated transaction (Disney sold ABC Radio to Citadel in exchange for about $2 billion that the combined ABC/Citadel borrowed (which is the amount now in default)
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what do the “rankings” look like as far as stations controlled or owned?
like Clear Channel, CBS, Citadel, etc. – is there like a Top 10 list or something?
Thanks for asking! :)
Look on the main pages for a link called “Who owns radio?”…. you’ll find more than you ever wanted to know. Most of it was written about a year ago and needs some updating. There have been a few stations slosh back and forth in the past year, but the ranking hasn’t changed much….
i didn’t see the “Who owns radio” link but i saw a few others that had list of syndicators etc, and that was interesting…Clear Channel wasn’t ranked first unless there were a few others that they owned under another name, like the CBS network…