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November 28, 2006
Disney's Stake in Citadel Upped to 57%
Announced in February, the merger of 22 ABC Radio stations, The ABC Radio Networks with Citadel's portfolio of more than 200 radio stations, will create the third largest radio group in the U.S. Citadel has reduced the amount of cash to Disney by $300 million and raises Disney's stake in Citadel following the merger from 52 to 57 percent. The modified deal values the sale of ABC Radio at $2.5 billion, down from $2.7 billion.
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Posted By: Figment! @ 11:53 PM | 
