LAS VEGAS, April 18 /PRNewswire/ -- iBiquity Digital Corporation and
Citadel Broadcasting Corporation announced today that the 6th largest radio
group will join the coalition of broadcasters that recently announced
accelerated plans to convert AM and FM stations to digital HD Radio(TM)
technology. Citadel plans to convert 60 stations to HD Radio over the next
three years.
"This is an investment that will significantly enhance the listener
experience with traditional radio," said Farid Suleman, Chairman and CEO,
Citadel Broadcasting Corporation. "The digital experiences offered by HD
Radio -- superior sound, the ability to multicast additional content on FM
stations and data that can be displayed on receivers -- will allow us to
continue producing the best entertainment possible for consumers."
Robert Struble, President and CEO, iBiquity Digital Corporation stated,
"We welcome Citadel's accelerated HD Radio rollout efforts and are pleased to
see all of the top 10 broadcast groups now working to drive the digital
broadcasting conversion forward. Today's announcement further cements the
industry's commitment to enhance and expand the great qualities that radio
offers to listeners at no charge every day."
HD Radio technology transmits digital audio and data alongside existing AM
and FM analog signals, allowing listeners with HD Radio compatible receivers
to enjoy CD-quality sound and virtually eliminating the static, hiss and pops
associated with analog radio. The technology also provides a platform for
advanced digital services that will deliver listeners a variety of desired
information such as song titles, artist names, traffic updates, weather
forecasts, sports scores, and more. Additionally, HD Radio technology allows
FM stations to multicast -- an achievement that was recognized as an honoree
in the Innovations 2005 Design and Engineering Showcase held in conjunction
with this year's CES. Using their current frequencies, FM stations can divide
their broadcasts into multiple, distinct program streams, thereby increasing
the diversity of audio content available to listeners.
Citadel joins 21 groups who announced their accelerated HD Radio rollout
plans in January 2005 at the International Consumer Electronics Show in Las
Vegas. To view that press release, go to
http://www.ibiquity.com/press/pr/121504.htm.
About Citadel Broadcasting Corporation
Citadel Broadcasting Corporation is a pure play radio broadcaster focused
on acquiring, developing and operating radio stations throughout the United
States. The Company owns and operates 155 FM and 58 AM radio stations in 46
markets located in 24 states across the country. Citadel was acquired by
affiliates of Forstmann Little & Co. in June 2001.
About iBiquity Digital Corporation
iBiquity Digital is the sole developer and licenser of HD Radio(TM)
technology in the U.S., which is transforming today's AM and FM radio stations
to digital, enabling radically upgraded sound, crystal-clear reception and new
wireless data services. The company's investors include 15 of the nation's top
radio broadcasters, including ABC, Clear Channel and Viacom; leading financial
institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture
Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor
Company, Harris, Texas Instruments and Visteon. iBiquity, named one of
Deloitte's Fast 500 Companies, is a privately held with operations in
Columbia, MD, Detroit, MI, Belmont, CA and Warren, NJ. For more information
please visit: http://www.ibiquity.com.
SOURCE iBiquity Digital Corporation
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Related links:
http://www.ibiquity.com
CONTACT:
Vicki Stearn of iBiquity Digital
Corporation, office: +1-410-872-1565, mobile: +1-301-656-1054,
stearn@ibiquity.com; or Gil Chorbajian, office: +1-518-355-0966,
mobile: +1-518-852-9528, gil.chorbajian@ogilvypr.com, for
iBiquity Digital Corporation
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