[BC] Citadel is a minority

[Craig Bowman]

ABC Stockholders own 52%, ABC may not own a share.  Control goes to who 
has the largest block of voting stock and ABC may have only had 48% of 
company stock to sell while the second largest block of stock might be 
only 10%. 


Rich Wood wrote:

> ------ At 06:48 PM 2/8/2006, Alan Kline wrote: -------
>
>> Interesting.  That leaves CBS as the last of the Big Three to own radio
>> stations...
>>
>> I wonder if the soon-to-be-ex-ABC stations will be able to keep their
>> calls. To hear WLS, KGO, or WABC ID as anything else would be 
>> mind-blowing.
>
>
> With ABC owning 52% it seems they're not out of radio. If Citadel were 
> the controlling partner the radio calls might have to change. I'm sure 
> ABC isn't willing to give up heritage calls on their TV stations. It 
> was described as a merger rather than a sale. Frankly, it's a little 
> confusing. Neither Radio Disney nor ESPN have ABC branding, so no name 
> changes are necessary. I've been told that the name of the radio 
> division will be changed to Citadel Communications. As a former ABC 
> Radio Network employee it feels strange.
>
> Rich
>
>
> Rich Wood
> Rich Wood Multimedia
> Phone: 413-303-9084
> FAX: 413-480-0010
>
>
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