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Katz to expand representation of Citadel Broadcasting Stations in all of its markets
Las Vegas, Nevada – March 31, 2008 – Citadel Broadcasting Corporation (NYSE:CDL) announced that it expand ed its relationship with Katz Media Group, the nation’s largest media representation firm, under which the Katz Radio Group will represent an additional 22 stations in nine markets owned by Citadel.
Katz Media Group will now represent all of the Citadel markets including Atlanta, Chicago, Dallas, Detroit, Los Angeles, Minneapolis, New York, San Francisco and Washington D.C. Three separate Katz Radio Group companies—Eastman Radio, Christal Radio and Katz Radio—will represent the various stations effective March 31. Katz Radio Group will now represent all the stations owned by Citadel Broadcasting, the country’s third-largest radio station owner with 223 stations in more than 50 markets.
Farid Suleman, Chairman and Chief Executive Officer of Citadel, commented “We are pleased to expand our alliance with Katz, one of the leading media representation firms in the country. The Company expects to benefit from increased revenue opportunities including new group deals resulting from the relationship.”
Stu Olds, Chief Executive Officer of Katz Media Group, said, “Citadel Broadcasting has been an extraordinary partner for us and we couldn’t be more excited to have this opportunity to strengthen our long-term relationship. We have made great strides together and we fully expect to have an even-more productive partnership in the years ahead.”
“Citadel owns a spectacular array of stations in many of the nation’s top markets,” said Mark Gray, President of Katz Radio Group. “We firmly believe that our talented sales force will be able to maximize the potential of Citadel’s stations by providing the highest levels of customer service and developing innovative ways to increase revenue streams.”
