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- The 25+ Road Trip, Part I
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News
A number of radio companies may not face delisting thanks to new NYSE rules
A recent rule change by the New York Stock Exchange that temporarily lowers the market capitalization rules for delisting could benefit companies like Sirius XM (SIRI), Emmis Communications (EMMS), Citadel (CDL), and Regent Communications (RGCI). They've all faced potential delisting warnings due to their low market caps. Markets worldwide, including the NYSE, are plagued by companies that have fallen on hard times due to the credit crisis, market sell-off, and the recession. In 2008, NYSE delisted 53 companies for failure to maintain listing requirements, including Westwood One (WWON.OB). Partly to avoid possible delisting, Saga Communications (SGA), announced a 1 for 4 share reverse-stock split that goes into effect Thursday. You can track the stocks of these companies by clicking here.
Previous and Next Stories
- Atlanta's "Magic" makes its move to 107.5, putting Smooth Jazz to bed
- Commissioner McDowell calls for a financial & ethics audit of the FCC
- New York's WEPN adds newspaper columnists Joel Sherman & Ian O’Connor
- Making Moves in Sports
- Former Oklahoma DJ slapped with child pornography and abuse charges
- House Republicans shoot down a four-month delay in the DTV switchover
- Making Moves: Wednesday Afternoon
- Hyundai to add HD Radios in 2011 models
- Orlando gets a new Fall report from Arbitron – because of "an unlicensed...
- All-Christmas stations in Chicago, Philadelphia and D.C. hit double digi...
- Atlanta’s all-news FM looks closer: there’s a staff meeting at classic h...
- Emmis finds financial relief through another LMA. This one’s worth $8,43...
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NYC radio personality and music authority Pete Fornatale dies at 66
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Making Moves: Thursday, April 26, 2012
- Mark O’Brien named market manager of CC Jacksonville
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FCC proposes rules allowing non-comms to raise money for catastrophic ev...
- Journal's radio revenues up in 1Q 2012
- SAG-AFTRA threatens to stop music video performers in their tracks
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Now what happens at WBLS, New York and with the Kiss staff?























