Send to a Friend Share

Cumulus Media (CMLS), Citadel Broadcasting Clear All Regulatory Hurdles in Proposed Merger

September 15, 2011 6:54 AM EDT
CMLS Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Revenue Growth %: +324.0%
Cumulus Media Inc. (Nasdaq: CMLS) and Citadel Broadcasting Corporation (OTCBB: CELDA) have received Federal Communications Commission (FCC) approval of the pending merger of a wholly-owned indirect subsidiary of Cumulus Media and Citadel.

With this approval, and the previously announced termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, Cumulus Media and Citadel have now received all required regulatory approvals in connection with the Merger.


Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!

You May Also Be Interested In


Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment





Follow StreetInsider.com On Twitter