DOJ Completes Antitrust Review of Pending Cumulus/Citadel Merger
Atlanta and Las Vegas - Sep 14, 2011 - Cumulus Media Inc. and Citadel Broadcasting Corporation have been notified by the Premerger Notification Office of the Federal Trade Commission of the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding the review of the pending merger of Cumulus Media and Citadel.
The early termination of the waiting period satisfies the condition to the completion of the Merger relating to the expiration or termination of any applicable waiting period under the HSR Act. The Merger remains subject to the approvals by the Federal Communications Commission and the stockholders of Citadel, as well as other customary closing conditions. Citadel's special meeting of stockholders to approve the merger will be held on Sept. 15, 2011, and the deadline for Citadel's stockholders to make an election with respect to the consideration they wish to receive in the merger is 5 p.m., ET that same day.
In connection with the completion of the merger, Cumulus will divest three radio stations in two markets (Flint, MI, and Harrisburg, PA).
Acceptable Use Policy blog comments powered by Disqus
[an error occurred while processing this directive]
Today in Radio History
The history of radio broadcasting extends beyond the work of a few famous inventors.
EAS Information More on EAS
The feed provides feeds for all US states and territories.
Need a calendar for your computer desktop? Use one of ours.
Information from manufacturers and associations about industry news, products, technology and business announcements.
Staying on-air is priority #1, but 100 percent redundancy comes at a cost.
Browse Back Issues[an error occurred while processing this directive]
Also in the November Issue
- Music is Everywhere at WTMD
- FCC Looks to Update RF Exposure Rules
- Government Shutdown Causes FCC Delays
- Applied Technology: Wheatstone baseband192
- Side by Side: Video Cameras
- Exploring More from Google Earth
- The History of W9BSP