Monday, February 06, 2006
ABC Radio sold to Citadel....
While we don't have any ABC or Citadel owned stations in Boston, this is a big bit of news.
• The board of directors at Citadel and the Walt Disney Company have approved a deal to combine ABC Radio's 22 owned-and-operated radio stations and the ABC Radio Networks for $2.7 billion.
Radio Disney and ESPN Radio O&Os are not included in the transaction.
New England listeners may be familiar with Citadel's Stations in Portland, Portmouth,, Worcester, Springfield, New Bedford & Providence.
Look for the smaller market Citadel stations to now have the support of ABC Radio behind them.