WABC AM 770

Mondo Times editors    Boulder Colorado USA

Posted at 3:04pm on Thursday, January 14th, 2010

Sports Radio Pioneer Art Rust Dies at 82

Media Life magazine reported on January 14, 2010:

"Art Rust Jr., a pioneer in the world of sports talk radio, died on Tuesday of complications from Parkinson’s disease at age 82. Rust was a sports talk host on New York’s WABC in the 1980s, and he also wrote and co-wrote a number of books throughout the course of his career. Rust's WABC show, which included interviews with sports figures and calls from listeners, launched in 1981, helping pave the way for the rise of sports radio. New York’s WFAN, the first all-sports station in the country, launched six years later."

Mondo Times editors    Boulder Colorado USA

Posted at 2:23pm on Monday, December 21st, 2009

WABC AM Radio Parent Files For Bankruptcy, Bloomberg.com reported on December 21, 2009:

"Citadel Broadcasting Corp., which owns WABC in New York and WLS in Chicago, filed for U.S. bankruptcy protection in Manhattan with a deal to shed $1.4 billion of debt.

The company, which syndicates Don Imus’s morning talk show through its U.S. radio network, listed assets of $1.4 billion and debt of $2.5 billion in its Chapter 11 filing yesterday in U.S. Bankruptcy Court. Forstmann Little & Co., a New York-based private-equity firm that bought Citadel in 2001 for $2 billion, owns 29 percent of its common stock, according to court papers. The filing covers about 50 units of the Las Vegas-based company."

The full story:
http://www.bloomberg.com/apps/news?pid=20601103&sid=axsjvUg_bErs