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FCC Approves Disney/Citadel Radio Deal

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  • FCC Approves Disney/Citadel Radio Deal

    The FCC announced Wednesday that it has approved the sale of 24 radio stations owned by Disney-ABC Radio to Citadel Broadcasting. As a condition of the sale, the FCC directed Citadel to sell 11 of its existing radio stations in 7 markets and to issue stock to current Disney shareholders.

    Source: Friday Morning Quarterback
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