Exclusive: Rock Band Unplugged Track List

AOL Money & Finance

Citadel (CSL) may give mike back to Imus

More

The Hat That Mumbles, aka Don Imus, is close to reaching agreement with Citadel Broadcasting (NYSE:CDL) to bring his talk show back to the public airwaves. According to Variety, Imus will spurn the interest of Sirius Satellite Radio (NASDAQ:SIRI) to join Citadel's network. The corporation, the third largest radio group in the U.S., owns ABC Radio, as well as a number of web sites and on-line radio stations.

Imus, you will recall, was canned by CBS Radio (NYSE:CBS) for his idiotic 'nappy-haired ho's' remark in reference to the Rutgers woman's basketball team. Ironically, the controversy proved to be a goldmine for Mumbles, who won a $20 million settlement from CBS Radio for improperly terminating his contract.

Variety wrote that, since ABC Radio traditionally chooses its own talent (and I use the word loosely), Citadel's signing of Imus would not guarantee that he would appear on ABC Radio stations. However, given the money that Imus will likely demand, I believe he'll have to run on the radio network in order for Citadel to recoup its investment.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-223.328,280.74
NASDAQ-49.201,796.52
S&P 500-26.91896.42

Last updated: July 06, 2009: 05:39 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

WalletPop Headlines