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ABC finalizes sale to Citadel

R

rev_darkness

Inactive
Inactive User
ABC has finalized the sale of its radio stations to Citadel, insiders say.

Announcement is set for early next week.

More information will be added as it becomes available.<P ID="signature">______________
"The only thing that sustains one through life is the consciousness of the immense inferiority of everybody else, and this is a feeling that I have always cultivated."
---Oscar Wilde</P>
 
> ABC has finalized the sale of its radio stations to Citadel,
> insiders say.
>
> Announcement is set for early next week.
>
> More information will be added as it becomes available.
>
Well Lamar and Montford need to update the resume's. Here come the beancounters from Hell.
 
Re: ABC in final stages of negotiation

> ABC has finalized the sale of its radio stations to Citadel,
> insiders say.
>
> Announcement is set for early next week.

Actually, they are in final stages and there is no sale... yet.

From Drudge, a paragraph or two...

"Citadel (CDL:NYSE) is closing in fast on a deal to acquire Disney's (DIS:NYSE)radio properties, in a transaction that is said to value the stations at between $2.7 billion and $2.9 billion, according to sources.

"They're making progress," says one person who was closely involved in a rival bid for the properties. A deal could be announced as early as Monday, when Disney is due to report earnings, and comes on the heels of Disney's move last week to buy Pixar for $7.4 billion to bolster its movie-animation efforts."

... of course, this may be bad writing, too... as boht Eisner and Iger have said the Radio Disney and ESPN stations are not in the dea.
 
> Actually, they are in final stages and there is no sale...
> yet.
>
> From Drudge, a paragraph or two...

Hmm... Mr. Drudge must have different sources than "your's truly"...

My sources say it's a done deal, it's just not going to be announced 'til next week.<P ID="signature">______________
"The only thing that sustains one through life is the consciousness of the immense inferiority of everybody else, and this is a feeling that I have always cultivated."
---Oscar Wilde</P>
 
> > Actually, they are in final stages and there is no sale...
>
> > yet.
> >
> > From Drudge, a paragraph or two...
>
> Hmm... Mr. Drudge must have different sources than "your's
> truly"...
>
> My sources say it's a done deal, it's just not going to be
> announced 'til next week.

I'd say that is probable. Inside Radio was predicting an announcement today earlier in the week.

As I think about it, it is more than likely they are timeing it for theearnings call so as not to put a spin on stock pricing beforehand.
 
Ah, yes... thanks for that insight.

... maybe you do know something about radio after all...

;)<P ID="signature">______________
"The only thing that sustains one through life is the consciousness of the immense inferiority of everybody else, and this is a feeling that I have always cultivated."
---Oscar Wilde</P>
 
> Ah, yes... thanks for that insight.
>
> ... maybe you do know something about radio after all...
>
> ;)


Hehehe. Now back to guessing what Citadel will do, if anything, with the prizes.
 
What Citadel will do...

> Hehehe. Now back to guessing what Citadel will do, if
> anything, with the prizes.


I think we all have a "toilet flush" sound effect at our disposal...<P ID="signature">______________
"The only thing that sustains one through life is the consciousness of the immense inferiority of everybody else, and this is a feeling that I have always cultivated."
---Oscar Wilde</P>
 
Re: What Citadel will do...

> > Hehehe. Now back to guessing what Citadel will do, if
> > anything, with the prizes.
>
>
> I think we all have a "toilet flush" sound effect at our
> disposal...


Yep. This company is pure investment bankers... not a real broadcaster among them.
 
Re: What Citadel will do...

> > > Hehehe. Now back to guessing what Citadel will do, if
> > > anything, with the prizes.
> >
> >
> > I think we all have a "toilet flush" sound effect at our
> > disposal...
>
>
> Yep. This company is pure investment bankers... not a real
> broadcaster among them.
>


Bye bye Twister.....

Hello Newstalk 96.7 and 820 AM, WBAP....
 
Re: What Citadel will do...

> > > > Hehehe. Now back to guessing what Citadel will do, if
> > > > anything, with the prizes.
> > >
> > >
> > > I think we all have a "toilet flush" sound effect at our
>
> > > disposal...
> >
> >
> > Yep. This company is pure investment bankers... not a real
>
> > broadcaster among them.
> >
>
>
> Bye bye Twister.....
>
> Hello Newstalk 96.7 and 820 AM, WBAP....

and the changing of the guard. I hear the copying machines now.
>
 
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