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. |