CITADEL BROADCASTING CORP Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue183,810  188,061  158,891  214,231  Cost of Revenue76,395  73,247  79,880  91,956  Gross Profit107,415  114,814  79,011  122,275  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative61,892  63,030  54,512  41,284  Non Recurring -  985,653   -  836,143  Others7,554  10,211  10,260  32,179  Total Operating Expenses -   -   -   -  Operating Income or Loss37,969  (944,080)14,239  (787,331)Income from Continuing OperationsTotal Other Income/Expenses Net(37) -  (349)27,446  Earnings Before Interest And Taxes(90,088)(944,080)13,890  (759,885)Interest Expense(63,437)44,549  18,888  115,761  Income Before Tax(26,651)(988,629)(4,998)(875,646)Income Tax Expense464,730  (229,972)307  (137,664)Minority Interest -   -   -   -  Net Income From Continuing Ops(490,953)(758,657)(5,305)(737,982)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   -   -  ...
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CITADEL BROADCASTING CORP Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview of Net Revenue, Segment Operating Income, Operating Loss, Corporate Expenses and Certain Cash Payments Radio Markets • Net revenue for the Radio Markets segment, which represents the Company's owned and operated radio stations, for the quarter ended September 30, 2009 was $155.8 million, as compared to $172.9 million for the quarter ended September 30, 2008, a decrease of $17.1 million, or 9.9%. Generally, our stations in larger metropolitan markets performed better than those stations in medium to small metropolitan markets. • Segment operating income (see description under the heading "Segment Results of Operations" below) for the Radio Markets during the quarter ended September 30, 2009 was $58.4 million as compared to $66.8 million during the quarter ended September 30, 2008, a decrease of $8.4 million. This decrease was due to the decreases in revenue partially offset by significant expense reductions in the current year quarter of $8.5 million, or 8.0%, compared to the quarter ended September 30, 2008. • Operating income at the Radio Markets for the quarter ended September 30, 2009 was $51.4 million compared to $50.9 million for the quarter ended September 30, 2008, an increase of $0.5 million. The increase in operating income was primarily due to the impairment charge recorded in the third quarter of 2008 with no corresponding charge in the same period in 2009, partially offset by lower revenues and operating expenses in 2009 as compared to the same period in 2008. Table of Contents Radio Network • Net revenue for the Radio Network for the quarter ended September 30, 2009 was $29.4 million, as compared to $42.9 million for the quarter ended September 30, 2008, a decrease of $13.5 million, or 31.5%. The loss of the Sean Hannity and Paul Harvey network programs accounted for...
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Skymark Research Initiates Independent Research Coverage on Citadel Broadcasting Corporation

Skymark Research Initiates Independent Research Coverage on Citadel Broadcasting Corporation - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom...
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Citadel Broadcasting Appoints John Rosso as President of Citadel Media

LAS VEGAS, Oct. 8 /PRNewswire-FirstCall/ -- Citadel Broadcasting Corporation (OTC Bulletin Board: CTDB - NewsThe Michael Baisden ShowThe Mark Levin ShowRadio PerezImus in the MorningRick Dees Weekly Top 40, American Country Countdown with Kix Brooks and many other national programs. Citadel Media reaches 111 million listeners each week through more than 4,400 affiliate stations. "We are very pleased to have someone of John's caliber leading Citadel Media's efforts as we enter into this exciting and challenging time for the network business," said Farid Suleman, Chairman and Chief Executive Officer of Citadel Broadcasting Corporation. "John's breadth of experience and first-hand knowledge of Citadel Media's operations makes him ideally suited for this leadership role to develop and leverage new opportunities the network presents.""I am thrilled to be given the opportunity to lead Citadel Media and look forward to collaborating with the talented team here, both on-air and behind the scenes," said Rosso. "We will continue to build on the network's solid foundation as we bring industry-leading content to our affiliates and deliver great audiences and solutions to our advertisers."Rosso most recently served as Senior Vice President of Citadel Interactive. Previously, he held positions at ABC Radio Networks including Senior Vice President of Affiliate Relations & Business Administration and Vice President of Operations. Prior to joining Citadel Broadcasting, Rosso was Senior Vice President of Di...
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Why business loves Charlie Rose

(Fortune Magazine) -- At Table No. 1 at Michael's, the best seats on the silly power-lunch circuit in Midtown Manhattan, Charlie Rose is holding forth in fabulousness. America's tallest, handsomest, best-connected, most inquisitive, most talkative late-night TV interviewer is greeting media princess Tina Brown and her husband, Sir Harold Evans. jus). faux Brit accent comes over and leans into Charlie. "I'm another blond interrupting," she says. "My name's Roberta -- and ... I know, you're Charlie Rose!"Charlie Rose! He's interviewing the CEO of Verizon. Mom, that's the man you should be dating!' So, Charlie, do you happen to know if he's married?" so good to meet you!"Charlie Rose has been a salon for extended, thoughtful, civil conversation about politics, culture, business, science, medicine, technology, literature, media, law, education, and any other topic that the host chooses to explore. As the economic crisis has unfolded, Rose's iconic oak table and austere black-draped set have been the place to talk about it. From Wall Street and Washington and Silicon Valley, from industry and academe, from Europe and Asia -- the intelligentsia come to share ideas, to partake of Rose's ebullience and preparation, and of course to be eagerly interrupted a lot by sentences with more infinitive clauses than this one.New York Times columnist; Hank Greenberg, the former head of AIG; and Warren Buffett, the nonpareil investor. This fall the Charlie Rose brand goes global: Bloomberg Television will rebroadcast it in primetime around the world, the better to compete with CNBC and other financial channels. Who knew that Charlie Rose -- courtly, sleepy-eyed, golf-obsessed, 6-foot-4 TV newsman; raconteur, networker, and entrepreneur; man about Manhattan; managing editor as well as CEO of a little business empire -- was also a potential matchmaker? "It seems that my show serves many purposes," Ro...
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Citadel Broadcasting Promotes Michael Pallad to Executive Vice President of Sales

LAS VEGAS--(BUSINESS WIRE)--Citadel Broadcasting Corporation (OTC BB: CTDB - News) today announced that Michael Pallad has been promoted to the newly created position of Executive Vice President of Sales, effective immediately. In his new role, Mr. Pallad will oversee of all of Citadel Broadcasting’s sales platforms, including Citadel Media, Corporate, Digital and National sales. Previously, Mr. Pallad served as Vice President of Sales for Citadel Broadcasting, where he oversaw the local, national and digital sales efforts that support all of the Company’s radio stations. Before joining the Company, Mr. Pallad served as a Sales Manager at Emmis Communications and held various positions at Katz Radio Group. He holds a Bachelor's degree in Marketing and Business Communications from Arizona State University.Farid Suleman, Chairman and Chief Executive Officer of Citadel, commented, “We would like to congratulate Mike on this well-deserved promotion. Mike has done a phenomenal job of managing sales for all of our radio stations and we are confident in his ability to maximize revenues by effectively utilizing all of Citadel’s multiple marketing platforms.”Citadel Broadcasting Corporation is the third largest radio group in the United States, with a national footprint reaching more than 50 markets. Citadel is comprised of 166 FM and 58 AM stations in the nationâ�...
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CITADEL BROADCASTING CORP Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview of Net Revenue, Segment Operating Income, Operating Loss, Corporate Expenses and Certain Cash Payments • Consolidated net revenue for the quarter ended June 30, 2009 was $188.1 million, as compared to $229.2 million for the quarter ended June 30, 2008, a decrease of $41.1 million, or 17.9%. Approximately $8.2 million of this decrease relates to the loss of the Sean Hannity and Paul Harvey network programs at Radio Network. ¿ Net revenue for the Radio Markets, which represents the Company's owned and operated radio stations, for the quarter ended June 30, 2009 was $156.2 million, as compared to $185.0 million for the quarter ended June 30, 2008, a decrease of $28.8 million, or 15.6%. Generally, our stations in larger metropolitan markets performed better than those stations in medium to small metropolitan markets. ¿ Net revenue for the Radio Network for the quarter ended June 30, 2009 was $33.0 million, as compared to $46.1 million for the quarter ended June 30, 2008, a decrease of $13.1 million, or 28.4%. The loss of the Sean Hannity and Paul Harvey network programs accounted for approximately $8.2 million of the net revenue decline in the second quarter of 2009. • Consolidated segment operating income (see description under the heading "Segment Results of Operations" below) for the quarter ended June 30, 2009 was $63.9 million compared to $87.3 million for the quarter ended June 30, 2008, a decrease of approximately $23.4 million, or 27%. This decrease was due to the decreases in revenue offset by significant expense reductions in the current year quarter of $17.7 million, or 12.5%, compared to the quarter ended June 30, 2008. The Company remains focused on the reduction of costs in all areas while continuing to invest in profitable programming. ¿ Segment operating income for the Radio Markets during the quarter ended June 30, 2009...
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CITADEL BROADCASTING CORP Files SEC form 8-K, Other Events

Show all filings for CITADEL BROADCASTING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITADEL BROADCASTING CORP 3-Jun-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended ...
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CITADEL BROADCASTING CORP Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for CITADEL BROADCASTING CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITADEL BROADCASTING CORP 26-May-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...
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