Thursday, February 17, 2011

BREAKING NEWS: CNBC's David Faber Citadel Broadcasting in Negotiations With Cumulus

Here CNBC's David Faber reports that Citadel Broadcasting is in negotiations with Cumulus. Citadel, parent company to several local Knoxville stations has been in bankruptcy. In an effort to shed financial liabilities Citadel ended their lease with the owner of WNOX FM 100.3 this past summer. That action then created a competitor where WNOX FM 100.3 began their own talk line up. WNOX with a broadcast signal is now overtaking the Citadel talk format of 98.7 whose signal can not reach out of Knox County. So, the roller coaster continues.

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