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Cumulus Q4 Conference Call This Morning at 9AM.

Cumulus Q4 Conference Call This Morning at 9AM.

This is the earnings call that was delayed once the Citacel announcement was made to make sure all the i's were dotted and the t's crossed. So today Lew Dickey and company will announce results for the 4th quarter of 2010 and full year results. These calls are listen only to start and usually end with questions from the assembled media and analysts. For sure, questions about the Citadel announcement will be part of the Q&A session.

In speaking to Citadel employees Friday, we found that like any other deal in the works, this is a slight distraction. However, employees are going about their business doing their jobs. What else can they do? And for many this is not the first station sale they are going through. The Citadel purchase of ABC was not too long ago. In this deal, Cumulus boss Lew Dickey mentions synergies of $50 million. That probably means some sort of consolidation of work or job elimination. What else could it mean? All those questions may take the rest of the year to iron out. And, this deal still has a way to go before closing. It's not expected to close until the end of 2011.



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