In the News The Wall Street Journal

Chapter 11 to End Soon For Citadel

"Citadel Broadcasting Corp. won bankruptcy court approval of its Chapter 11 restructuring plan, clearing the way for the radio station owner to exit from bankruptcy under the control of its senior lenders...

'As a result of its restructuring efforts, Citadel will emerge from Chapter 11 with a significantly deleveraged balance sheet, which will enable it to compete in a highly competitive marketplace,' said [Jonathan] Henes, a partner at Kirkland & Ellis."

This article appeared in its entirey in the May 19, 2010 edition of The Wall Street Journal.