城堡廣播公司
出自 MBA智库百科(https://wiki.mbalib.com/)
官方網站網址：http://www.citadelbroadcasting.com/
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城堡廣播公司為美國第三大廣播公司，成立於1984年，總部設在內華達州的拉斯維加斯。城堡廣播公司目前擁有2850名雇員。截至2009年2月19日，該公司擁有FM廣播電臺165個和AM廣播電臺58個，電臺的50個市場分別被設在美國27個州和哥倫比亞特區，此外，公司還經營的ABC廣播網。
- 主營業務：廣播網 廣播電臺
- 廣播電臺：設在27個州和哥倫比亞特區的165個調頻和58個調幅廣播電臺。
The company was founded in 1984 in Phoenix, AZ by Larry Wilson as Citadel Associates Limited Partnership. In 1990 it was renamed Citadel Associates Montana Limited Partnership for the purpose of owning and operating stations in Montana that were formerly owned by CALP. A year later, Citadel Broadcasting was officially incorporated and in 1992 it acquired all of the radio stations owned by its predecessors. Within a decade, Citadel expanded to 26 states. Within that time period, it absorbed all Bloomington Broadcasting radio holdings and 11 stations from Dick Broadcasting Company and also acquired 3 radio stations from Slone Broadcasting, Inc. and Slone Radio, LLC. In 2001, Larry Wilson sold Citadel to Forstmann Little for $2.1 billion. By that time, the company had grown to 205 stations in 42 markets.
Citadel Broadcasting launched an online service called Citadel Interactive in 2005, and a year later launched Right Now Radio. By July 2007, more than 180 of their stations were streaming online.[citation needed]
On February 6, 2006, Forstmann Little and The Walt Disney Company agreed to merge Citadel with Disney's ABC Radio. Shares representing 57% of Citadel were distributed to shareholders of The Walt Disney Company following the company's acquisition of 22 stations from ABC Radio.
After the merger, Citadel's ownership structure was:
- 57%: Shareholders in The Walt Disney Company
- 27%: Forstmann Little
- 16%: Former Citadel shareholders exclusive of Forstmann Little or shareholders in Disney
ABC owned and operated affiliates of Radio Disney and ESPN Radio were not included in the merger agreement, nor were the actual networks.
In order to comply with FCC ownership limitations, Citadel has sold off twelve of its radio stations. Ten of the stations' licenses have been transferred to a newly formed trust company, The Last Bastion Station Trust, LLC. The two-station Cortland, New York, cluster was sold off prior to the merger in a separate transaction; WIII was sold to Saga Communications and WKRT (now WYBY) has been given to the Bible Broadcasting Network for free as a tax deductible donation.
However as of June 19, 2008; Arbitron has expanded Oklahoma City's market definition allowing Citadel to own 5 FM stations in the said area, at which time Citadel Broadcasting applied to re-acquire KKWD from The Last Bastion Station Trust, LLC with the FCC. According to FCC documents, KKWD was re-absorbed into Citadel's station portfolio on July 9, 2009.
On April 2, 2009; the staff of Citadel Broadcasting changed the name of "ABC Radio" to Citadel Media to reflect on its current ownership of the major network.
In addition to Citadel Media, Citadel also owns the Arkansas Radio, Tennessee Titans Radio, Buffalo Bills and the Michigan Talk radio networks.
北京時間2009年12月20日，美國第三大廣播公司城堡廣播(Citadel Broadcasting Corp)宣佈，由於廣播行業繼續受到廣告收入低迷的嚴重衝擊，該公司已經申請破產保護。
城堡廣播根據由60%的優先債權人支持的“預先商定交易”申請了破產保護。該交易將允許城堡廣播將21億美元的擔保信貸安排轉換為總額7.625億美元的定期貸款，意味著大約14億美元的債務得以消除。做為交易的一部分，優先債權人將獲得部分新的定期貸款以及重組後的城堡廣播90%的普通股。
城堡廣播現任CEO法里德•薩爾曼(Farid Suleman)表示，公司業務將照常運營，並且將尋求儘快完成重組以脫離破產保護。根據破產申請文件，城堡廣播資產總計14億美元，債務總計25億美元。紐約私人投資公司福斯特曼•利特爾公司(Forstmann Little & Co。)持有城堡廣播28.7%的股份。
