Citadel readies bankruptcy filingDon Day | December 11, 2009
Here’s the story from WSJ:
The Wall Street Journal reports that radio giant Citadel Broadcasting Corp. is planning to file for bankruptcy.
A judge Thursday approved a settlement worth nearly $2 billion that marks the final stage in the transfer of more than 110,000 accounts out of Lehman Brothers Holdings Inc.’s brokerage unit following the investment bank’s collapse last year. Read the Daily Bankruptcy Review story here.