A crack in the Citadel
Don Day | June 26, 2005I just pulled up Citadel Broadcasting’s stock chart for the past six months. Ouch. The company is off nearly 30% from the first of the year (and $4.6/share lower than it’s 52 week high). And don’t blame it on a tough year for the sector — Journal & Clear Channel are off less than 10% — and Entercom & Infinity are actually up slightly. (chart)
The Jack FM “variety hits” format launched in another market Friday — Las Vegas, NV. That brings the total number of licensed Jack stations to 17 – including 2 of Boise’s regional sister markets: Salt Lake City & Seattle.

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