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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.
By David Brauer

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.