Larry Wilson, chairman of Citadel Communications, has decided to leave the company he founded. With the recent hiring of Infinity's Farid Suleman to head the day-to-day operations of the radio group, there was little room at the top for Wilson.
Larry Wilson, chairman of Citadel Communications, has decided to leave the company he founded. With the recent hiring of Infinity's Farid Suleman to head the day-to-day operations of the radio group, there was little room at the top for Wilson.
In a surprise move yesterday, it was announced that Farid Suleman is leaving his position as head of Infinity Broadcasting to run Citadel Communications.
Forstmann Little has purchased Citadel Communications for $2 billion. With the deal, which works out to $26 a share, Citadel moves from a publicly traded to a privately held company.