Disney: Go ahead, touch that dial
Word is on the Street (or at least, the Street.com) that Disney will likely announce that it has sold its ABC Radio group to Las Vegas-based Citadel Broadcasting for around $2.8 billion. They are, in case you were wondering, the fifth largest radio broadcasting company in the country, operating 155 FM and 58 AM radio stations in 47 markets.
Per the New York Times’ DealBook, the deal could be announced as soon as the NYSE closes in a couple hours, or might be pushed until tomorrow.
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