The Crash Dump Archives

>Cumulus Closes Citadel Deal: The $2.4 billion acquisition by Cumulus Media of Citadel Broadcasting has been approved by shareholders, the FCC and the Department of Justice. The deal adds an 225 stations to the 346 Cumulus owns. The deal also includes Citadel Media, a leading radio network which develops and distributes a programming, along with shows from ABC. Citadel shareholders approved the merger on Thursday

Cumulus also welcomes 36 Citadel Country stations to the 52 it currently operates, giving it two Country outlets in Dallas and Nashville and eight in the top 50 metros markets. All together, those 88 stations reached over 7 million listeners per week in Fall 2010.