Westwood One put on notice
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Westwood One is the latest radio company to receive an official notice that its stock is facing delisting. The New York Stock Exchange notified the company that it does not meet minimum listing standards because its stock has traded below one dollar for over 30 days. WW1 has 10 days to inform the NYSE of how it plans to return to compliance within a six-month “cure” period. The stock will continue to be listed on the Big Board for that six month period. “Although the Company intends to cure its deficiency and to return to compliance with NYSE continued listing requirements, there can be no assurance that it will be able to do so,” WW1 said in a statement.
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