|
overview
landmarks
|
landmarks
This chronology is indicative only.
Context is provided by the broader communications and
media timeline on this site.
1953 James Dick launches Dick Broadcasting with WIVK AM
1970 Bob Liggett Jr buys WFMK Lansing, forms what becomes
Liggett Broadcast Group
1984 establishment of Citadel Associates Limited Partnership
(CALP)
1988 Dick Broadcasting buys WNOX-AM
1990 establishment of Citadel Associates Montana Limited
Partnership (CAMLP) to own and operate CALP's Montana
stations
1991 Citadel Broadcasting Company incorporated
1992 acquires all radio stations owned or operated by
CALP and CAMLP
1992 acquires four FM and four AM stations from Price
Broadcasting Company
1992 acquires one AM and six FM stations from various
parties, bringing total station count to 26.
1994 Citadel Communications Corporation formed as parent
company, with Citadel Broadcasting Company as its wholly-owned
operating subsidiary
1994 enters Albuquerque market with acquisition of two
FM and two AM radio stations
1996 US Telecommunications Act of 1996 passed
1996 acquires further one AM and three FM stations in
Albuquerque market and an additional FM station in Modesto
and Colorado Springs for US$39m
1997 buys 61 radio stations (44 FM and 17 AM) for US$230m,
including Tele-Media (WPRO AM-FM, WLKW, and WWLI), WDGE
and WDGF
1997 Broadcasting Partners buys 3 FM and 1 AM station
from Mercury Broadcasting in Buffalo for US$62m
1998 initial public offering raises US$106.9m
1998 acquires 11 stations (7 FM and 4 AM) for US$41m
1998 buys Wicks broadcast arm for US$77m
1999 sells 18 FM and seven AM radio stations in smaller
markets to Marathon Broadcasting for US$26m
1999 buys Broadcasting Partners for US$190m
1999 buys Liggett Broadcast Group for US$120.5m
1999 announced or completed acquisition of 78 radio stations
for approximately US$537m (inc Fuller-Jeffrey for US$66m),
becoming 6th largest radio group in US country based on
net revenues, fourth largest by stations owned
2000
acquires Bloomington Broadcasting Holdings (13 FM and
7 AM radio stations serving Grand Rapids, Columbia, Chattanooga,
Johnson City/Kingsport/Bristol, and Bloomington markets)
for US$175.9m
2000 acquires 11 radio stations from Dick Broadcasting
Company, for US$289m (two FM stations in Nashville, three
FM and two AM stations in Birmingham, four FM and one
AM station in Knoxville)
2000 Liggett Communications (Radio First) buys WSAQ/WHLS
from Wismer Broadcasting for $3.2m, buys WBTI/WPHM/WHYT
from Hanson Communications for $2.24m
2000 buys WBTI-FM 96.9 Lexington, WPHM-AM 1380 Pt. Huron,
and WHYT-AM 1590 Marine City from Hanson
2001 Forstmann Little acquires Citadel Communications
Corporation for US$2bn including assumed and refinanced
debt and preferred stock
2001 Citadel sells four radio stations in Monroe, LA to
Monroe radio partners for US$4m
2001 pays US$24.5m to buy WXLO and WORC-FM
2001 sells three Atlantic City stations (and the right
to operate one under a long-term marketing agreement)
to Millennium Radio Group for US$19.4m
2001 buys three FM and two AM stations in Tucson, AZ from
Slone Broadcasting and Slone Radio for US$66.3m
2003 pays US$16m for WWKX Woonsocket, WAKX Narragansett
and WMOS Montauk from AAA Entertainment
2003 sells WCRQ for US$0.19m, WAHL and WCAT to Silberberg
for US$0.8m, WKJN/WCWI/WAZL and WHYL for US$2.5m and WCWY
for US$0.5m
2006 announcement of deal with Disney
::
|
|
