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Westwood One will stop trading on the New York Stock Exchange beginning Monday, Nov. 24.
The troubled radio network was notified by the NYSE Tuesday (Nov. 28) that it would be suspended from trading because the company was unable to maintain a minimum $25 million market capitalization level.
Westwood is considering its options, including appealing the decision of the NYSE. It is also assessing a possible listing on the AMEX or NASDAQ, which would require Westwood to execute a reverse stock split and shareholder approval.
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