Latest News 2010 March Citadel Broadcasting gets Reorganization Approved

Citadel Broadcasting gets Reorganization Approved

Citadel Broadcasting Corp. has won court approval of its reorganization plan. The company will now send its plan to creditors for a vote of better terms for holders of unsecured claims. The Chapter 11 reorganization plan was negotiated on and approved by the court despite what some shareholders objected to.

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