Citadel gets NYSE notice


Citadel Broadcasting says it has been notified that it has fallen below the minimum market capitalization requirement of the New York Stock Exchange (NYSE) over a 30-day period. Citadel now has 45 days to submit a plan to return to compliance. If the NYSE accepts the plan, the company will be subject to quarterly monitoring. But, if the NYSE doesn’t accept the plan, Citadel faces suspension and delisting procedures.