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Citadel-ABC Radio Deal to Close in 2007
The sale of ABC Radio to Citadel Broadcasting should be completed in the first half of 2007.
Walt Disney Co. CFO Tom Staggs said during Thursday’s Q4 earnings conference call that the deal should close in the first half of 2007, writes Radio Ink. Disney has had discussions regarding possible changes to the agreement in order to help Citadel with post-closing financing.