Midsize is a prize for this radio company. Citadel Broadcasting is the #3 radio broadcaster in the US in terms of number of stations (behind Clear Channel Communications and Cumulus Media), with more than 220 AM and FM stations serving almost 50 midsized markets. In nearly all of its markets, including Albuquerque, New Mexico; Providence, Rhode Island; and Salt Lake City, Citadel has multiple stations operating together in clusters, sharing administration and back office resources, such as accounting, ad sales, and personnel. Citadel's radio stations program a variety of formats, including country, rock, news/talk, and sports. Theodore Forstmann owns nearly 70% of the company through his Forstmann Little & Co.
Midsize is a prize for this radio company. Citadel Broadcasting is the #3 radio broadcaster in the US in terms of number of stations (behind Clear Channel Communications and Cumulus Media), with more than 220 AM and FM stations serving almost 50 midsized markets. In nearly all of its markets, including Albuquerque, New Mexico; Providence, Rhode Island; and Salt Lake City, Citadel has multiple stations operating together in clusters, sharing administration and back office resources, such as accounting, ad sales, and personnel. Citadel's radio stations program a variety of formats, including country, rock, news/talk, and sports. Theodore Forstmann owns nearly 70% of the company through his Forstmann Little & Co.