(Reuters) - Disney plans to transfer the radio business, including 22
large-market radio stations and the ABC Radio Network, to a
wholly owned subsidiary called ABC Radio Holdings Inc. and to
distribute stock in the new company to its shareholders.
ABC Radio Holdings then will merge with a wholly owned
subsidiary of Citadel. Citadel will exchange one share of its
stock for each share of ABC Radio Holdings, Disney said.
Read more at Reuters.com Bonds News
large-market radio stations and the ABC Radio Network, to a
wholly owned subsidiary called ABC Radio Holdings Inc. and to
distribute stock in the new company to its shareholders.
ABC Radio Holdings then will merge with a wholly owned
subsidiary of Citadel. Citadel will exchange one share of its
stock for each share of ABC Radio Holdings, Disney said.
Read more at Reuters.com Bonds News
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