Citadel prepares to file for bankruptcy

The nation’s third-largest radio company is headed for Chapter 11.

Citadel Broadcasting is expected to file for bankruptcy by Dec. 31, according to a report last week in the Wall Street Journal. The company would swap $2 billion in debt to lenders for an equal stake in a reorganized operation.

The broadcaster’s stations in Birmingham are:

  • WAPI (1070 AM), news/talk
  • WJOX (94.5 FM), sports/talk
  • WSPZ (690
 AM), sports/talk
  • WUHT, Hot 107.7, R&B
  • WWMM, Live 100.5
, Adult Album Alternative
  • WZRR (99.5 FM), Classic Rock 99

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