TELE-MEDIA FINANCING definition
TELE-MEDIA FINANCING means transactions necessary for the Company and its Subsidiaries to obtain the funds necessary to pay the purchase price and expenses to be incurred by them in connection with the Tele-Media Acquisition, by means of the issuance of approximately $100,000,000 in face amount of Senior Subordinated Notes, and approximately $100,000,000 in face amount of Exchangeable Preferred Stock, of the Company, as such financing transactions are more particularly described in the Citadel Communications Corporation Presentation to the Board of Directors dated February 14, 1997 prepared by Prudential Securities, so long as such financing transactions are consummated on or prior to February 28, 1998.