NEWS FROM THE STANDARD |
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When the Piper Pays
Feb 07 2000 12:00 AM PST
PROFILE |
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Midsize is a prize for radio broadcaster Citadel Communications. The company owns and operates nearly 200 commercial radio stations in 40 midsized markets such as Providence, Rhode Island; Salt Lake City, Utah; and Albuquerque, New Mexico. Its stations broadcast in a variety of formats, including country, rock, oldies, news/talk, and sports. Through numerous acquisitions (86 stations in 2000 alone), Citadel has build clusters of stations in more than 30 of its markets. Those acquisitions, however, have also left the company saddled with debt. In 2001 the company was purchased by investment firm Forstmann Little & Co.
COMPETITION |
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Clear Channel Communications, Inc. (CCU)
Cox Radio, Inc. (CXR)
Entercom Communications Corp. (ETM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 284.80
1-Yr. Sales Growth: 59.6%
Employees: 3,500
Revenue per employee: $81,371.43
KEY PEOPLE |
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Lawrence R. Wilson
CEO
Donna L. Heffner
CFO
CONTACT INFO |
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7201 W. Lake Mead Blvd., Ste. 400
Las Vegas, NV 89128
US
Phone: 702-804-5200
Fax: 702-804-5936
Online: Web Site
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