Cumulus Media's takeover of Citadel Broadcasting became official yesterday. The deal gives Citadel shareholders $37 in cash or 8.525 shares of Cumulus (NASDAQ: CMLS) stock per share of Citadel (PINK: CDELA) stock, valuing Citadel at $2.4 billion.
Citadel has a pair of Nashville stations: country's 103.3 WKDF and sports-talk station 104.5 The Zone. Cumulus' Nashville properties include adult urban-contemporary WQQK 92.1, classic hits WRQQ 97.1, talk radio's WWTN 99.7, the iconic WSM-FM 95.5 and Top 40 station WNFN 106.7, whose call letters belie its start as a sports-talk competitor to The Zone.
- FAHLEKAMP, BROOKE FEYE; KEPLEY, JOHN; KEPLEY, BROOKE FAYE; KEPLEY, BROOKE F
- GLENN, JEREMY; GRAYSON, THERESE S; GRAYSON, ALAN L
- CRABTREE DAVID P GREEN HILLS FAMILY INVESTMENTS LLC; DAVID P CRABTREE GREEN HILLS FAMILY INVESTMENTS LLC; HTC VI PARTNERS
- HAMMOND, GRANT; RADER, ERIC STACEY; RADER, KRISTIN