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Company Statement: Citadel Broadcasting signs merger agreement with Cumulus Media

( March 10, 2011, 21:55 GMT | Official Statement) -- MLex Summary: Radio station operator CItadel Broadcasting has agreed to merge with competitor Cumulus Media. Deal terms call for Cumulus to acquire Citadel for nearly 2.5 billion dollars in cash and stock. The transaction is expected to close by the end of 2011....

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