Citadel Broadcasting

Citadel Broadcasting Corp. (CTDBQ) changed its compensation plans for top management after complaints that they violated the terms of its bankruptcy reorganization. Citadel, the third-largest radio broadcaster in the U.S., exited bankruptcy protection in June owned by creditors including JPMorgan...

Faced with the likelihood of breaching its financial covenants, Citadel Broadcasting -- which syndicates several popular broadcasters, such as Don Imus -- took the initiative Sunday and filed for bankruptcy protection. That will let the radio broadcaster get out from under most of its $2.5 billion debt.

It's a done deal: Don Imus is moving his show to the Fox Business Network -- virtually and physically. After weeks of rumors, FBN announced Thursday that it has reached an agreement to carry a simulcast of Imus in the Morning, the highly rated talk radio show produced by WABC and syndicated by...