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Tuesday, May 19, 2009

Radio on Wall Street

During Monday’s 235-point gain on the Dow Jones Industrial Average, Citadel Broadcasting (CTDB.OB), Cumulus (CMLS) and Spanish Broadcasting Systems (SBSA) all gained over 11% … Lincoln Financial, the parent company of Lincoln Financial Media, will receive Troubled Asset Relief Program (TARP) money from the government, receiving $2.5 billion in assistance … CBS, the parent company of CBS Radio, says the tender offer to purchase any and all of its outstanding 7.70% Senior Notes due in 2010 has expired, and $825,548,000 was validly tendered.

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