Cumulus Media
Cumulus Media ($CMLS) is a national owner and operator of local AM and FM radio stations in the United States. As of 2019, the company operated over 400 stations in 90 metropolitan areas. Cumulus is based in Atlanta, Georgia.
Cumulus Media emerges from bankruptcy, sheds $550 million in debt
The company has emerged from bankruptcy as a privately owned business, with its former lenders becoming its new shareholders.
Appeals court clears way for Cumulus-Nielsen lawsuit to resume
The mandate formally returns the case to a lower court, which issued an injunction against Nielsen earlier this summer.
Ex-FBI official Dan Bongino returns to radio with Cumulus-backed program
The program is separate from Bongino’s former nationally syndicated show, “The Dan Bongino Show.”
Court tosses Ronn Owens bankruptcy case amid GoFundMe scrutiny
After receiving hundreds of thousands of dollars in donations, the broadcaster began making payments unrelated to his medical treatment, the court found.
FIRST ON THE DESK
KNBR lays off 49ers radio announcer Greg Papa in staffing shake-up
KNBR has laid off its two long-time mid-day show hosts Greg Papa and Greg Silver as part of a broader staffing shake-u
FIRST ON THE DESK
Filings: Alden Global exec likely to emerge as major Cumulus Media stakeholder
Alden Global has been criticized over the years for cutting jobs and reducing local news investments at newspapers under its ownership, causing concern among radio industry watchers as the Cumulus bankruptcy plays out.
FIRST ON THE DESK
BIA: Large radio station owners become sellers to address debt
Larger broadcasters including Audacy and Cumulus Media are selling selected stations as they reduce debt and redirect investment toward digital businesses.
Cumulus gets court approval to exit Chapter 11 bankruptcy
The restructuring will eliminate $592 million to $660 million in debt and reduce annual cash interest obligations by approximately $49 million through creditor control transfer.
Judge pauses Cumulus lawsuit against Nielsen amid bankruptcy case
The ruling halts both Nielsen’s counterclaims and Cumulus’s antitrust claims while the broadcaster’s restructuring proceeds.
Cumulus Media files for bankruptcy, announces debt restructuring
The plan would give debtholders full ownership of the reorganized company and provide $50 million in new convertible notes.
Cumulus Media files antitrust lawsuit against Nielsen
Cumulus Media has filed a federal antitrust lawsuit against measurement firm Nielsen, accusing the ratings giant of abusing its dominance in the radio audience evaluation market.
Cumulus Media forges content partnership with Rumble
Podcasts from Westwood One and Cumulus are coming to Rumble's platform, and Rumble creators will contribute to Cumulus shows.