Cumulus Wipes Away $550MM in Debt but the Real Test Begins Now
Cumulus Media has officially emerged from Chapter 11 bankruptcy protection, and if there was ever a company that needed a fresh financial start, this is certainly one of them. The…
Radio’s Biggest Possible Power Play….iHeart and Sirius XM Merger?
There are stories that hit the industry… and then there are stories that shake the foundation it stands on. What surfaced today is not a format flip, not a talent…
Judge Signs Off on Cumulus Restructuring
The waiting game is over, and now the real work begins. A federal bankruptcy judge has approved Cumulus Media’s plan to restructure its finances, clearing a major hurdle for one…
Cumulus Nears Bankruptcy Exit After Creditor Support
Cumulus Media moved closer to exiting Chapter 11 protection after creditors overwhelmingly approved its prepackaged reorganization plan, according to filings in the U.S. Bankruptcy Court for the Southern District of…
Static on the Dial: Cumulus Media’s Reckoning and the Question No One Wanted to Ask
You can measure the state of American radio by how it whispers bad news. For years, the conversation around Cumulus Media was carried in caveats: “They’re doing okay in key…
Plan Meets Resistance at Cumulus
There’s always a version of the story companies want you to hear. Then there’s the version that shows up in court. Right now, Cumulus Media is learning the difference between…