From Citadel Broadcasting Files for Chapter 11 and Aims to Restructure by The Associated Press:
Citadel Broadcasting Corp, the nation's third-largest radio broadcasting company, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load as it continues to face declining advertising revenue. Citadel's WABC is home to several syndicated hosts, including Don Imus, Rush Limbaugh, Joe Scarborough and Mark Levin.
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