Inside Music Media, March 2, 2009
By Jerry Del Colliano

The New York Stock Exchange will delist Citadel on March 6. Companies without a lot of debt (such as Saga) can ride out the economic hard times hoping for a revival of the ad market. But not the big consolidators such as Citadel. They are held hostage to the debt they've run up because although Citadel throws off significant cash flow even now, most of it goes to paying off an impossible amount of debt.

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