Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CITADEL BROADCASTING CORP | d8k.htm |
Exhibit 99.1
Citadel Broadcasting Corporation
2010 – 2014 Projections
| 2010 | 2011 | 2012 | 2013 | 2014 | ||||||||||||||||
| Net Revenue |
||||||||||||||||||||
| Radio Markets |
$ | 620.5 | $ | 631.5 | $ | 644.1 | $ | 657.0 | $ | 670.2 | ||||||||||
| Radio Network |
121.1 | 123.5 | 127.1 | 131.4 | 135.7 | |||||||||||||||
| Eliminations |
(4.4 | ) | (4.4 | ) | (4.5 | ) | (4.6 | ) | (4.7 | ) | ||||||||||
| Total Net Revenue |
$ | 737.2 | $ | 750.6 | $ | 766.7 | $ | 783.8 | $ | 801.2 | ||||||||||
| Operating Expenses |
||||||||||||||||||||
| Radio Markets |
385.0 | 392.7 | 404.4 | 416.6 | 425.0 | |||||||||||||||
| Radio Network |
105.0 | 105.6 | 107.6 | 109.6 | 111.4 | |||||||||||||||
| Eliminations |
(4.4 | ) | (4.4 | ) | (4.5 | ) | (4.6 | ) | (4.7 | ) | ||||||||||
| Total Operating Expenses |
$ | 485.6 | $ | 493.9 | $ | 507.5 | $ | 521.6 | $ | 531.7 | ||||||||||
| Segment Operating Income |
||||||||||||||||||||
| Radio Markets |
235.5 | 238.8 | 239.7 | 240.4 | 245.2 | |||||||||||||||
| Radio Network |
16.1 | 17.9 | 19.5 | 21.8 | 24.3 | |||||||||||||||
| Total Segment Operating Income |
$ | 251.6 | $ | 256.7 | $ | 259.2 | $ | 262.2 | $ | 269.5 | ||||||||||
| Corporate Overhead |
19.2 | 19.6 | 20.2 | 20.6 | 21.0 | |||||||||||||||
| EBITDA(1) |
$ | 232.4 | $ | 237.1 | $ | 239.0 | $ | 241.6 | $ | 248.5 | ||||||||||
| (1) | Earnings before interest, taxes, depreciation and amortization. |