Wednesday, September 14, 2011

Why is Cumulus-Citadel Merger Taking So Long?

There have been financing issues, but it looks like the merger is getting closer and closer to being finalized. Yesterday the FTC and the DOJ approved it.

The FCC and the stockholders of Citadel still have to do so, but it looks like they'll be doing it by the end of this week.

Then it will get interesting here in Chicago at WLS-AM and WLS-FM. We'll see what plans Cumulus has for their new properties. They've certainly had lots of time to think about it.