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Citadel operating income improves to $11.78 million in February
By Caroline Salls
Pittsburgh, March 25 - Citadel Broadcasting Corp. reported $11.78 million of operating income for February on $53.44 million in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures showed improvement over the $6.35 million of operating income posted for January on $48.71 million in revenues.
The net income for February was $4.14 million, up from $71,561.
Citadel had $95.42 million in cash at Feb. 28, compared with $80.22 million at the end of January.
Citadel, a Las Vegas-based radio broadcasting company, filed for bankruptcy on Dec. 20. Its Chapter 11 case number is 09-17442.
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