Cumulus Media Inc (Nasdaq:CMLS) announced that it has completed its previously announced acquisition of Citadel Broadcasting Corporation ("Citadel"), and as a result Citadel is now an indirect wholly-owned subsidiary of Cumulus. With the completion of the Citadel acquisition, Cumulus Media is the largest pure-play radio broadcaster in the United States, and owns or operates more than 570 radio stations in 120 markets and a nationwide radio network serving over 4000 stations.
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(CMLS, CLNO, HILL, BLTI) Stocks to Watch by BestOtc.com
September 19th, 2011 at 09:56 am