KQRS, 93X parent Citadel Broadcasting files bankruputcy

Will Tom Barnard’s big paychecks take a hit? Probably not, but the Las Vegas-based broadcaster finally crapped out at debt roulette. Assets of $1.4 billion, debt of $2.46 billion. Ouch.

In this market, Citadel also owns Love105, and controls about 18 percent of the Twin Cities radio market, share-wise. The bankruptcy petition is here. Insiders have expected the filing for a long time, by the way.

You can also learn about all our free newsletter options.

Comments (1)

  1. Submitted by antony cliffton on 12/21/2009 - 12:07 pm.

    I imagine he was paid with a lot of stock the last 20 years which is all worthless. I bet this had something to do with his recent retirement flip flop.

Leave a Reply