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Monday, October 06, 2008

Westwood One Radio falls below NYSE standard

"Westwood One was notified by the New York Stock Exchange that the Company had fallen below the NYSE's continued listing standard relating to total market capitalization and shareholders' equity. Rule 802.02of the NYSE's Listed Company Manual requires that the Company have a minimum average market capitalization of $75 million over a consecutive 30-day trading period if total stockholders’ equity is less than $75 million - Shares closed Friday at 39 cents (read more - Westwood One)" RadioDailyNews.com, 10/6/08

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