Citadel Broadcasting Corporation (OTC BB: CTDB) today announced that Michael Pallad has been promoted to the newly created position of Executive Vice President of Sales, effective immediately. In his new role, Mr. Pallad will oversee of all of Citadel Broadcasting’s sales platforms, including Citadel Media, Corporate, Digital and National sales.

Previously, Mr. Pallad served as Vice President of Sales for Citadel Broadcasting, where he oversaw the local, national and digital sales efforts that support all of the Company’s radio stations. Before joining the Company, Mr. Pallad served as a Sales Manager at Emmis Communications and held various positions at Katz Radio Group. He holds a Bachelor's degree in Marketing and Business Communications from Arizona State University.

Farid Suleman, Chairman and Chief Executive Officer of Citadel, commented, “We would like to congratulate Mike on this well-deserved promotion. Mike has done a phenomenal job of managing sales for all of our radio stations and we are confident in his ability to maximize revenues by effectively utilizing all of Citadel’s multiple marketing platforms.”

Citadel Broadcasting Corporation is the third largest radio group in the United States, with a national footprint reaching more than 50 markets. Citadel is comprised of 166 FM and 58 AM stations in the nation’s leading markets, in addition to Citadel Media, which is one of the three largest radio networks in the United States. For more information visit www.citadelbroadcasting.com.

Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citadel Broadcasting Corporation’s filings with the Securities and Exchange Commission.