Article · Wikipedia archive · Last revised May 28, 2026

Cumulus Media

Cumulus Media, Inc. is a broadcasting company of the United States and is the second largest owner and operator of AM and FM radio stations in the United States ahead of Audacy and behind iHeartMedia. As of June 2019, Cumulus lists ownership of 428 stations in 87 media markets. It also owns and operates Westwood One. Its headquarters are located in Atlanta, Georgia. Its subsidiaries include Cumulus Broadcasting LLC, Cumulus Licensing LLC and Broadcast Software International Inc.

Last revised
May 28, 2026
Read time
≈ 23 min
Length
5,337 w
Citations
92
Source
Wikipedia ↗
Cumulus Media, Inc.
Company type
Public
Nasdaq: CMLS (Class A)
Russell 2000 Index component
ISINUS2310828015
IndustryBroadcasting
FoundedAugust 1998 (1998-08)
Founders
  • Lewis Dickey Jr.
  • Richard Weening
HeadquartersAtlanta, Georgia, U.S.
Key people
Mary G. Berner (CEO, president and director)
Frank Lopez-Balboa (EVP, treasurer & CFO)
Richard S. Denning (SVP, secretary & general counsel)
ServicesRadio broadcasting
RevenueDecrease US$844.5 million (FY23)
Decrease US$1,035 (FY23)
Decrease US$18 (FY23)
Total assetsDecrease US$7,009 (FY23)
OwnerMary G. Berner (4.5%)
Number of employees
3,367 (FY23)
SubsidiariesWestwood One
Websitecumulusmedia.com

Cumulus Media, Inc. is a broadcasting company of the United States and is the second largest owner and operator of AM and FM radio stations in the United States ahead of Audacy and behind iHeartMedia. As of June 2019, Cumulus lists ownership of 428 stations in 87 media markets.1 It also owns and operates Westwood One. Its headquarters are located in Atlanta, Georgia. Its subsidiaries include Cumulus Broadcasting LLC, Cumulus Licensing LLC and Broadcast Software International Inc.2

History

Origins

Cumulus Media was established in August 1998 by radio consultant Lewis Dickey Jr. and media and technology entrepreneur Richard Weening. The Telecommunications Act of 1996, among other legislation, relaxed media ownership restrictions, allowing a single owner to possess or control an unprecedented number of radio stations per market and nationwide. Dickey, then a nationally known radio programming consultant, was acting as a consultant to a small radio group in which Weening had a personal investment. Weening signed onto Dickey's idea to acquire and operate radio stations in mid-size markets as opposed to the largest markets on which competing radio group Clear Channel Communications was focusing. Dickey was the radio expert and Weening was the corporate finance and start-up CEO. Dickey was president of both radio consulting firm Stratford Research3 and his family company, Midwestern Broadcasting, with two stations in Toledo, Ohio; these stations would later be acquired by Cumulus. Weening had successful experience as a start-up CEO in book and magazine publishing, online services and enterprise software systems. He was then CEO of Quaestus & Co., Inc., a private equity firm specializing in media and technology startups. For the new radio company, Weening chose the name Cumulus for the type of cloud formation for their ubiquity in the sky, which Weening and Dickey hoped would be the same for their stations across the country. Quaestus provided the seed capital to make the first station acquisitions as a model for the Cumulus business strategy.4

The next significant milestone was obtaining a $50 million investment from the State of Wisconsin Investment Board (SWIB),5 which previously invested in Weening's magazine publishing company. With this capital in place, Cumulus began full-scale operations on May 22, 1997. Weening assumed the role of Executive chairman focusing on acquisitions deal structuring, corporate finance, and internet from the company's original headquarters in Milwaukee, Wisconsin. Dickey selected stations to buy and oversaw radio programming, operations and strategy as Executive vice-chairman. Dickey brought in highly regarded radio operator William Bungeroth to serve as President of Cumulus Broadcasting from new offices in Chicago's Hancock Center. Having a reputation as an advertising sales leader, Bungeroth oversaw market-level tactical execution, including the integration of newly acquired stations into market operating units. John Dickey, brother of Lewis and himself an experienced radio programming consultant. would oversee station content.67

SWIB's investment was soon followed by another $50 million from Wisconsin-based Northwestern Mutual Life Insurance Company and $25 million from NationsBank Capital Corporation. With this financial backing secured, Dickey and Weening began acquiring radio stations yet managed to stay "under the radar", not attracting much notice or competition. In its first 12 months in operation, Cumulus acquired over 100 stations in 31 markets.4 Soon it was clear that the company would need over a billion dollars for its desired acquisitions, and an initial public offering of stock was soon made.

The Cumulus strategy, as articulated in public filings, was to acquire multiple stations in a city or market, consolidate them physically to share a common infrastructure to reduce operating expenses but enrich programming. Each station would be programmed with a unique music format, live programming, brand, and target audience. The central idea was to create a cluster of radio stations that could compete with newspapers by offering advertisers a range of target demographic choices comparable to the range of content sections in print. At the time of Cumulus' founding, newspaper display and classified advertising claimed the largest share of local advertising dollars. By offering a range of audiences like newspapers, Cumulus could gain a greater share of the local advertising dollar than the individual stations could garner separately. In addition, acquiring the top-performing stations in a given market as part of the operating cluster would yield more national advertising. The market focus would be on those deemed to offer substantial growth opportunities, while the station focus was the leading station in the market and other stations well-positioned for significant growth.8

Initial public offering and accelerating acquisitions

Cumulus became a publicly traded company on June 26, 1998. The company raised $400 million selling 7.6 million common shares at $14.00 each, $125 million in preferred stock, and $160 million in Senior Subordinated Bonds. At that time Cumulus owned or was committed to buy 176 stations – 124 FM stations and 52 am stations in 34 U.S. markets.9 In its first 17 months, Cumulus acquired 207 stations, creating the first mid-size market radio conglomerate.9 Following the company's IPO, its stock fell from $14 to $8 per share on October 2, 1998, before beginning a climb to close 1999 at $50.75. Some radio executives familiar with small markets thought that Cumulus was overpaying to buy top stations in markets that did not have a great upside potential.

For 1998, Cumulus reported revenue of $98.8 million, with broadcast cash flow of $26.6 million. Its cash-flow margin reached 27 percent. For 1999, Cumulus reported $180 million in revenue and $46.7 million broadcast cash flow. On November 19, 1999, Cumulus sold an additional 10 million shares at $24.93, raising $250 million.8 Acquisitions continued at an accelerating pace. At this point, the company owned or operated pending closing 246 stations in 45 markets. In a period of two years and six months, Cumulus became the second largest U.S. broadcasting group in terms of stations operated. It also raised a staggering $1.3 billion when considering sales of common and preferred stock shares, senior bank lines of credit, and senior subordinated debt or junk bonds which when issued were rated CCC+. The stock market acknowledged the remarkable growth with a share price that rose to a high of $51.00 on December 31, 1999.

Since November 1998, the company had been developing an internet platform for classified employment advertising. The new system would operate in tandem with the radio station cluster in each market and offer employers the chance to post available positions on the web and promote their company and the position on the radio stations. At the time of the dot-com bust, the system was in beta test in two markets. One of the short-lived but important impacts of the dot-com bubble burst was a loss of confidence that the promise of the internet would ever happen. Many professional radio people like Dickey were skeptical and believed the best course for Cumulus was to focus on the radio strategy and drop the internet projects.10 Weening who had started a Silicon Valley e-commerce software company in the early 1990s had conceived and was overseeing development of the employment platform.11 Weening advocated for continuance of the project as a key potential source of revenue with a service that would be unique among radio companies. Ultimately, the board backed Dickey not Weening and the Internet project was scrapped.

The first quarter of 2000 proved to be troubling at Cumulus. A perfect storm of events drove the company's share price from $50 to $13 between January 1 and March 17 when over 30 million shares traded hands. Driving the decline was persistent rumours of possible accounting irregularities in the rapidly assembled radio group. On January 14, respected Wall Street analyst Frank Bodenchak advised institutional clients that Cumulus may miss his estimates for Q4 1999 and the year. A combination of the possible earnings miss and the rumours of accounting problems created a significant loss of investor confidence.

On March 17, Cumulus reported a loss of $0.20 per share vs $0.15 per share expectation.12 Broadcast cash flow was $12.3 million vs estimates around $17 million. In addition the Company reported that company CFO Rick Bonick had left earlier in January. It was not officially announced a fact that CNN Money says "roiled the already active rumour mill about accounting irregularities. The company also reported it would restate quarterly revenues in 1999 as some markets did not comply with Cumulus' revenue recognition policies and booked some advertising contracts for their full value rather than recognizing revenue as the ads aired. As a result, class-action lawsuits were filed against Cumulus charging the company with artificially inflating revenue and profit in 1999. PricewaterhouseCoopers, the company's auditors resigned in April citing material weaknesses in the Cumulus' financial controls13 arising from the possible revenue restatements. Meanwhile, Dickey had taken over day-to-day station operations from Bungeroth who resigned in mid January.

During this same period, Weening got into a dispute with the SEC over his proposal to reverse some of his and Dickey's 1999 compensation to help offset the earnings miss. While the proposal was never implemented, the SEC maintained it would have amounted to earnings management and was therefore an infraction. Weening finally agreed to pay a fine of $75,000 without conceding wrongdoing to settle the matter in 2003.

As the dust began to settle in April 2000, the company issued revised annual 10K reports for 1998 and 1999 that showed minor variations in quarterly revenue and adjusted net loss for 1999 from $20.8 million to $13.6 million and net loss for 1998 was restated from $13.7 million to $8 million, after the company found a $4.9 million tax benefit that had been under-reported. The restatement as it turns out had no material impact on the financials but in the context of the dot-com bust hysteria rumours of accounting irregularities drove a significant decrease in share price which threatened the company's ability to finance pending acquisitions.

Lew Dickey and his brother John convinced the board to let them run the company. Dickey, whose family had just sold an Atlanta station for a reported $250 million, offered to invest in Cumulus if needed to close pending acquisitions. The board was concerned about the restatement of revenues and the shareholder lawsuits. This is consistent with reports in a radio industry newsletter14 which reported that it was a widely held belief in the Radio industry was that the Dickey brothers orchestrated events that lead to the board's decision not to back the Internet project, placing Dickey at the helm of Cumulus, moving the Cumulus headquarters from Milwaukee to Atlanta and to Weening's ultimate resignation as an employee and director in January 2001.1516 According to public filings Weening, QUAESTUS management company and other Weening related interests sold their interests in Cumulus a year later in May 2002 at prices ranging from $17 to $21.50 per share not The $55 high but considerably higher than share prices after their sale.

By May 2002, the share price recovered to above the IPO price to a short-lived high of $22 on May 31, 2002. Dickey garnered some strong partners in the form of Bain Capital and Crestview partners who helped finance a series of ambitious acquisitions and partnerships which were creative, made Cumulus a significantly larger company but these acquisitions and Cumulus itself have struggled in the face of slow to no radio ad growth.

In 2006, Cumulus acquired control of Susquehanna Radio, with the backing of 3 venture capital firms (Bain Capital Partners LLC, The Blackstone Group and Thomas H. Lee Partners, L.P.) for a price of $1.2 Billion. The 33 Susquehanna stations were privately held in a separate partnership called Cumulus Media Partners, LLC (commonly referred to as CMP on the company's quarterly earnings calls) that was the subject of an equity-for-debt swap in May 2009 in an attempt to avoid defaulting on the terms of the CMP lending agreement. While Cumulus operated the CMP stations, they initially held only a minor ownership interest in them.17 On January 31, 2011, Cumulus announced a deal to acquire the remaining ownership of CMP from its equity partners in a stock transaction valued at approximately $740 million that is closed in August 2011.18 As a result of the CMP acquisition, Cumulus now owns a limited-partnership interest in San Francisco Baseball Associates LP, the owner of the San Francisco Giants baseball club.19

In July 2007, the company announced its intention to go private,20 however on May 11, 2008, the company announced it was unable to come to terms with the parties involved and the merger/acquisition agreement was terminated.21

The company's stock, priced over $56 in 1999,22 then over $22 in 2004, was as low as $0.45 per share toward the end of 2008.2324

On December 30, 2008, Cumulus Media was issued a $14,000 Notice of Apparent Liability by the Federal Communications Commission related to the stations in the Macon, Georgia, cluster. According to the FCC, Cumulus failed to comply with record-keeping requirements and its Equal Employment Opportunity rules regarding information on recruitment sources. Cumulus, along with two other companies, had 30 days to pay or file a statement asking for reduction or cancellation of the forfeitures.25

In July 2010, Cumulus publicly announced formation of a similar venture with Crestview Partners to acquire up to $1 billion of additional radio assets.26

2010s

Acquisition of Citadel Broadcasting and Dial Global

Starting in June 2010, Cumulus made multiple unsuccessful offers to buy out Citadel Broadcasting after its emergence from bankruptcy.27 In February 2011, Cumulus was again said to be in "exclusive negotiations" to acquire Citadel for $2.5 billion paid to Citadel shareholders; some shareholders were said to have been pushing the board to consider a sale.28 On March 10, 2011, Citadel announced that it had agreed to be sold to Cumulus for $2.4 billion, including 225 stations and the Citadel Media radio network 29

Broadcasting stations announced via email that Cumulus had purchased Citadel Broadcasting. Citadel was made up of 225 radio stations in over 50 markets, as well as Citadel Media, one of the largest radio networks in the United States; it included the stations that made up the former ABC Radio group (like flagship stations KABC-AM, WLS-AM and WABC-AM). The deal was finalized on September 16, 2011, after approval by the FCC and Citadel's shareholders.30 Cumulus Media placed 14 stations into a separate trust to comply with ownership limits.31 Following the acquisition, in an effort to focus on larger markets, Cumulus reached a deal with Townsquare Media to swap 65 radio stations in 13 markets, with the majority of the 65 stations being sold to Townsquare.32

On August 29, 2013, it was reported by The Wall Street Journal that Cumulus would purchase the syndicator Dial Global for $260 million. To fund the sale, Cumulus sold 53 more stations to Townsquare Media for $238 million. Additionally, Townsquare Media acquired Peak Broadcasting, and Cumulus swapped 15 more stations in Dubuque, IA and Poughkeepsie, NY in exchange for Peak Broadcasting's Fresno cluster.3334 The sale to Cumulus was completed on November 14, 2013.35 Ahead of the completion of the sale, Dial Global adopted the heritage Westwood One branding.3637

Nash, Westwood One News launch, reorganization

On January 11, 2013, after acquiring the station from Family Radio, Cumulus re-launched WFME in New York City as a country music station under its new Nash FM brand. Nash was designed to serve as an umbrella brand for all country music-related content across the company's properties, including radio, digital, and live events such as the "Nash Bash". All country stations owned by Cumulus would either be branded as Nash FM, or be strongly cross-promoted as part of the Nash family of properties.3839

In July 2014, Cumulus announced that it would end its partnership with ABC News Radio, and enter into a new partnership with CNN to syndicate news content for its stations through Westwood One News beginning in 2015. The network would provide its content on a white label basis, allowing individual stations to use their own brands for the content. In turn, ABC announced that it would take the syndication of its radio content in-house, with distribution handled by Skyview Networks.4041

On September 15, 2013, Cumulus announced that it had entered into a partnership with music streaming service Rdio; Cumulus took a stake in Rdio, and provided the company with access to its advertising sales team for a freemium tier, the ability to offer Cumulus radio stations on the Rdio service, and $75 million in marketing on Cumulus stations over five years. The stations launched on Rdio in August 2015; prior to the deal, Cumulus partnered with the competing iHeartRadio service.4243 However, in November 2015, Rdio filed for bankruptcy and sold its assets to Pandora Radio.4445

In July 2015, Cumulus merged Westwood One with Cumulus Media Networks, with Westwood One as the surviving brand. The consolidation resulted in a number of layoffs from Westwood One's Colorado headquarters, with Cumulus stating that it would utilize talent from its major market stations for its 24-hour formats, and that it would offer vacancies at its stations to airstaff who were laid off as part of the merger. 46

In September 2015, Mary G Berner became the new CEO of Cumulus.4748 In April 2016, Talk Radio Network filed a lawsuit against Cumulus Media and associated defendants, alleging "antitrust violations, unfair competition, breach of contract and breach of fiduciary duty, among other claims", similar to a lawsuit launched in 2012 and dropped in 2014 by the same plaintiff.49 In June 2016, Cumulus Media and Westwood One moved to have the new suit dismissed.49

In January 2016, the FCC's Enforcement Bureau reached a "record-setting" $540,000 settlement with Cumulus over sponsorship identification in radio ads promoting a proposed energy project, reported to be the largest payment in FCC history for a single-station violation of the Commission's sponsorship ID laws.50 In August 2019, the FCC proposed Cumulus Media pay another $233,000 fine for additional violations of its sponsorship identification rules and not reporting them to the FCC after agreeing to do so under its 2016 consent decree.51

In June 2016, Cumulus Media announced the resignation of its executive vice president, treasurer and chief financial officer, Joseph P. Hannan, to "pursue other interests" after six years with the company, to be replaced by John F. Abbot.52 It had previously been reported in April 2016 that Cumulus was "going to great lengths to keep two of its executives on board"53 and that Hannan had been offered "a big bonus to stay" as incentive to remain with the company.54 In October 2016, it was announced Hannan had taken the role of chief financial officer at programmatic advertising company, Social Reality, Inc..55 Per SEC filings, Hannan would also "assist the company for several months to ensure a smooth transition".56 Noble Financial Analyst Michael Kupinski was reported to say that the resignation of CFO JP Hannan for John Abbot was "not a good sign" for the company and as a result of the change, a restructuring was likely.57

On November 29, 2017, Cumulus filed for Chapter 11 bankruptcy as part of a restructuring of the company.58 Cumulus exited bankruptcy on June 4, 2018.59 In February 2019, Cumulus announced the sale of six stations (including, most prominently, WPLJ in New York City) to the Educational Media Foundation for $103.5 million, and that it would trade WNSH/Newark/New York, WMAS-FM/Enfield, and WHLL and W251DC/Springfield to Entercom in exchange for WZPL, WNTR, and WXNT in Indianapolis.60 In June 2019, Cumulus also announced that it would sell WABC to business magnate John Catsimatidis for $12.5 million.61

2020s

In August 2020, Cumulus disclosed that it had sold its tower sites to Vertical Bridge for $213 million in a sale and leaseback agreement.62 On January 6, 2021, in response to attempts to overturn the 2020 United States presidential election and the U.S. Capitol attack, Cumulus Media executives directed its on-air personalities to stop spreading misinformation about unsubstantiated claims of Biden stealing the election or face termination.63646566

In August 2021, Cumulus adopted a COVID-19 vaccine mandate for all employees; this resulted in the dismissal or resignation of a number of employees in October 2021.6768 That month, conservative commentator and Westwood One host Dan Bongino threatened to leave the company over the mandate on behalf of the rank and file staff impacted, saying "you can have me or you can have the mandate. But you can't have both of us." Cumulus declined to comment.697071 A spokesperson for Bongino stated that he had received a COVID-19 vaccine upon the advice of his doctors due to his Hodgkin lymphoma—which Bongino would also confirm in an interview with The New Yorker in December 2021.7170

On February 15, 2023, Cumulus Media paid "$1 million to settle a lawsuit filed by seven former employees who said the fee practices and investment selections of the company's 401(k) plan violated [the Employee Retirement Income Security Act]."72 In June 2023, Cumulus sold WDRQ in Detroit to Family Life Radio.73

On May 9, 2023, former WKIM morning co-host Bob Boccia sued Cumulus over the vaccine mandate, accusing the company of violating the Americans with Disabilities Act and Title VII of the Civil Rights Act of 1964 by failing to accommodate his Crohn's disease and religious beliefs.74757677 On December 1, 2023, former WNKT host Tim Hill filed a similar lawsuit.78 Hill's case was settled in December 2024 without going to trial, while Boccia's case was tossed after he abruptly refused to communicate with his lawyers or the court.7980

In August 2023, Cumulus-owned Susquehanna Radio sued two former employees of KTCK, Dan McDowell and Jake Kemp, seeking to impose a temporary restraining order (TRO) on them after they refused to comply with a cease and desist order, in which the company claimed that production of The Dumb Zone podcast by the two former radio hosts violated the noncompete agreements in their contracts barring them from competing with their former employer.8182 In September 2023, the case was resolved after US District Judge Karen Gren Scholer ruled that Susquehanna had failed to meet the "burden of persuasion" to have a TRO granted, and the podcast was allowed to resume production.81

On March 5, 2026, Cumulus Media filed for Chapter 11 bankruptcy for the second time in nearly a decade, listing assets and liabilities between $1 billion and $10 billion.83

Leadership

Current

Board of directors84
  • Andy Hobson (Chairman of the Board)
  • Mary Berner (President & CEO)
  • Matthew Blank (Board Member)
  • Tom Castro (Board Member)
  • Deborah Farrington (Board Member)
  • Joan Gillman (Board Member)
  • Brian Kushner (Board Member)
Executive leadership85
  • Mary Berner (President & CEO)
  • Richard Denning (EVP, Secretary & General Counsel)
  • Frank Lopez-Balboa (EVP, Chief Financial Officer)
See also

See also

References

References

  1. "Cumulus Media". cumulus.com. Retrieved November 30, 2017.
  2. "Subsidiaries of Cumulus Media Inc". U.S. Securities and Exchange Commission. October 14, 2013. Retrieved March 23, 2014.
  3. "Lewis Dickey, Jr". Archived from the original on January 7, 2016. Retrieved November 30, 2015.
  4. "History of Cumulus Media Inc". FundingUniverse. Retrieved November 30, 2017.
  5. "State of Wisconsin Investment Board (SWIB)". swib-1.
  6. "Terms of Service Violation". Bloomberg L.P. June 24, 2023.
  7. "Terms of Service Violation". Bloomberg L.P. June 24, 2023.
  8. "Cumulus Media". U.S. Securities and Exchange Commission.
  9. "CUMULUS MEDIA INC (CMLS) IPO". NASDAQ. Retrieved November 30, 2017.
  10. "CONNECT, Inc.'s OneServer Powers PhotoDisc Online to Win PC Week Web Commerce Award; PhotoDisc Named One of Top 10 Web Commerce Sites. – Free Online Library". thefreelibrary.com. Archived from the original on March 17, 2016. Retrieved November 30, 2017.
  11. "Connect Inc.Mountain View, Calif". December 21, 2004. Retrieved November 30, 2017.
  12. "Cumulus Media shares dive – Mar. 17, 2000". CNN. Archived from the original on December 8, 2015. Retrieved November 30, 2017.
  13. "Milwaukee Journal Sentinel – Google News Archive Search". Retrieved March 28, 2018.
  14. Inside Radio, March 16, 2000
  15. "What Happens To Dickey's Posse Now – Inside Music Media". insidemusicmedia.com. Retrieved November 30, 2017.
  16. "Weening leaves Cumulus Media". bizjournals.com. American City Business Journals. January 29, 2001. Retrieved July 27, 2022.
  17. "Radio Business Report/Television Business Report – Voice of the Broadcasting Industry". Archived from the original on May 13, 2009.
  18. "Cumulus Media Inc. Enters into Agreement to Acquire Cumulus Media Partners, LLC". businesswire.com. January 31, 2011. Retrieved November 30, 2017.
  19. Cumulus Media, Inc. (December 31, 2012). "Notes to consolidated financial statements". Annual report to the Securities and Exchange Commission on Form 10-K. p. F-14.
  20. "Cumulus Agrees to $1.3 Billion Buyout". The New York Times. July 4, 2007. Retrieved March 23, 2014.
  21. "Cumulus Buyout Is Terminated". The New York Times. May 12, 2008. Retrieved March 23, 2014.
  22. "NASDAQ:CMLS stock chart 1998–2014". June 29, 2014.
  23. "Cumulus CEO: "Half the companies in radio gone in 36 months"". Radio-Info.com. November 24, 2008. Archived from the original on June 24, 2012.
  24. "NASDAQ:CMLS stock chart 2004–2014". NASDAQ. June 29, 2014.
  25. "FCC Issues EEO Notices". Radio Ink. December 30, 2008. Archived from the original on December 31, 2008.
  26. "Cumulus Media and Crestview Form Venture". The New York Times. April 8, 2010. Retrieved March 23, 2014.
  27. "Citadel says "No" to two merger offers from Cumulus". Radio-Info.com. December 6, 2010. Archived from the original on July 15, 2011.
  28. "Citadel confirms 'exclusive negotiations' with Cumulus – but says "no deal yet"". Radio-Info.com. February 17, 2011. Archived from the original on April 26, 2011.
  29. Bond, Paul (March 10, 2011). "Cumulus Media to Buy Citadel Broadcasting in $2.4 Billion Deal". The Hollywood Reporter. Retrieved May 26, 2026.
  30. "211 Cumulus Now Owns Citadel Broadcasting". Business Journal. September 16, 2011. Retrieved September 16, 2011.
  31. "Cumulus files to divest 14 stations, to complete its $2.4B purchase of Citadel". Radio-Info.com. April 12, 2011. Archived from the original on April 16, 2011.
  32. Townsquare and Cumulus swap 65 stations in 13 markets Archived May 6, 2012, at the Wayback Machine – Radio-Info.com Archived January 3, 2012, at the Wayback Machine (released April 30, 2012)
  33. "Official: Cumulus Buys Dial Global, Spins Some Stations To Townsquare; Peak Stations Sold To Townsquare, Fresno Spun To Cumulus". All Access. August 30, 2013. Retrieved August 30, 2013.
  34. "Cumulus Makes Dial Global And Townsquare Deals Official". RadioInsight. August 30, 2013. Retrieved August 30, 2013.
  35. "Cumulus-Townsquare-Peak Deal Closes". All Access. November 15, 2013. Retrieved November 16, 2013.
  36. Moses, Lucia (September 4, 2013). "Dial Global Brings Back WestwoodOne Name". Adweek. Retrieved September 13, 2019.
  37. "Dial Global becomes WestwoodOne ahead of Cumulus acquisition". Los Angeles Times. September 4, 2013. Retrieved September 13, 2019.
  38. McKinley, James C. Jr. (January 21, 2013). "New York Radio Gets a New Country Station". The New York Times. Retrieved January 21, 2013.
  39. "Cumulus' Lew Dickey Explains Why NYC's New NASH-FM 'Is Good for Nashville' at CRS". Billboard. February 28, 2013. Retrieved December 12, 2014.
  40. "ABC News radio deal with Cumulus to end, but there's an upside". Capital New York. Archived from the original on December 15, 2014. Retrieved December 12, 2014.
  41. "Cumulus taps CNN for Westwood One news service". Atlanta Business Chronicle. Retrieved December 12, 2014.
  42. "Rdio cues up traditional radio stations, hoping to get an edge on competition". Los Angeles Times. August 12, 2015. Retrieved January 17, 2016.
  43. "Rdio Partners With Cumulus Media (Report)". Billboard. September 16, 2013. Retrieved January 17, 2016.
  44. "Pandora To Buy Rdio Assets For $75M in Cash, Rdio Files Ch.11 And Shuts Down Service". TechCrunch. AOL, Inc. November 16, 2015. Retrieved November 16, 2015.
  45. Roettgers, Janko (November 16, 2015). "Pandora Is Acquiring Music Streaming Service Rdio For $75 Million". Variety. Retrieved November 16, 2015.
  46. "A 'Significant Number' Of People Laid Off At Westwood One". All Access. July 22, 2015. Archived from the original on July 22, 2015. Retrieved September 13, 2019.
  47. "Cumulus Media Appoints Mary G. Berner Chief Executive Officer" (Press release). PR Newswire. Retrieved November 30, 2017.
  48. "Cumulus Media". cumulus.com.
  49. "Cumulus Seeks Dismissal of Syndication Suit". June 24, 2016. Retrieved June 28, 2016.
  50. "Cumulus Slapped With Record-Setting Sponsor ID Settlement". Insideradio.com. January 8, 2016. Retrieved August 7, 2019.
  51. "Inside The FCC's $223,000 Proposed Fine Against Cumulus". Insideradio.com. August 7, 2019. Retrieved August 7, 2019.
  52. Cumulus Media (June 22, 2016). "Cumulus Media Appoints John Abbot as Chief Financial Officer" (Press release). Retrieved June 28, 2016.
  53. "Cumulus aims to keep CFO and General Counsel on board with bonus offers". The Business Journals. Retrieved August 7, 2019.
  54. The Business Journals https://www.bizjournals.com/atlanta/news/2016/06/22/struggling-cumulus-media-loses-its-cfo.html. Retrieved August 7, 2019. {{cite web}}: Missing or empty |title= (help)
  55. Inside, Radio (October 20, 2016). "Cumulus Vet Hannan Secures CFO Spot at Ad Tech Company". Inside Radio.
  56. "CUMULUS MEDIA APPOINTS JOHN ABBOT AS CHIEF FINANCIAL OFFICER". Securities & Exchange Commission. June 22, 2016.
  57. "Analyst: New Cumulus CFO is Not a Good Sign". Radio Ink. June 23, 2016. Retrieved August 7, 2019.
  58. "Cumulus Strikes Restructuring Deal—Using Chapter 11 Process". Insideradio.com. Retrieved November 30, 2017.
  59. "Cumulus Media Emerges From Chapter 11". paulweiss.com. Retrieved July 18, 2019.
  60. Venta, Lance (February 13, 2019). "Cumulus Sells Six To EMF & Swaps With Entercom In New York & Indianapolis". RadioInsight. Retrieved February 13, 2019.
  61. "John Catsimatidis acquires 77 WABC radio for $12.5 million". New York Post. June 27, 2019. Retrieved June 28, 2019.
  62. "Cumulus Media Sells Tower Portfolio For $213 Million". RadioInsight. August 10, 2020. Retrieved May 26, 2026.
  63. Hsu, Tiffany (January 11, 2021). "The talk radio network that airs Dan Bongino and Mark Levin warned staff to stop 'dog-whistle talk'". The New York Times. Retrieved January 15, 2021.
  64. Farhi, Paul (January 15, 2021). "Talk-radio owner orders conservative hosts to temper election fraud rhetoric". The Washington Post. Retrieved January 15, 2021.
  65. "Cumulus Media tells its conservative talk show hosts to stop talking about a stolen election". Atlanta Journal-Constitution. Retrieved January 11, 2021.
  66. "Who runs Cumulus Media? Talk-radio threatens to fire its conservative hosts if they discuss election fraud". MEAWW.
  67. "More Cumulus Employees Let Go After Refusing To Abide With Vaccine Mandate". Insideradio.com. October 15, 2021. Retrieved May 26, 2026.
  68. "Cumulus Hosts Hitting The Exits After Refusing Vaccine". Radio Ink. October 12, 2021. Retrieved May 26, 2026.
  69. "Talk-show host Dan Bongino threatens to quit over Cumulus vaccine mandate". Tampa Bay Times. Retrieved February 12, 2025.
  70. Osnos, Evan (December 24, 2021). "Dan Bongino and the Big Business of Returning Trump to Power". The New Yorker. Retrieved January 21, 2022.
  71. Barr, Jeremy (October 18, 2021). "Conservative pundit Dan Bongino threatens to quit radio giant over vaccination mandate". The Washington Post. Retrieved August 22, 2025.
  72. "Cumulus Media to pay $1 million to settle 401(k) ERISA lawsuit". February 15, 2023.
  73. "Family Life Broadcasting System Acquires 93.1 WDRQ Detroit". RadioInsight. June 13, 2023. Retrieved May 26, 2026.
  74. "Former Morning Man Sues Cumulus over 2021 COVID Vaccine Mandate". May 9, 2023.
  75. "Former Cumulus Air Personality Sues Over COVID-19 Vaccine Mandate | RadioDiscussions".
  76. Coats, Cameron (May 10, 2023). "Cumulus Sued Over 'Religious Exemption' To Vaccine". Radio Ink. Retrieved May 26, 2026.
  77. "Former Cumulus Air Personality Sues over COVID-19 Vaccine Mandate | Radio & Television Business Report". May 9, 2023.
  78. "Cumulus Media's Vaccine Mandate Triggers Another Lawsuit From A Fired Employee". Insideradio.com. December 1, 2023. Retrieved May 26, 2026.
  79. "Host Who Sued Cumulus Over Vaccine Mandate Suddenly Goes Radio Silent". Insideradio.com. October 13, 2023. Retrieved May 26, 2026.
  80. "Cumulus Settles Final Remaining COVID-Era Vaccine Mandate Suit". Insideradio.com. December 31, 2024. Retrieved May 26, 2026.
  81. Dearmore, Kelly (September 23, 2023). "The Ticket and The Dumb Zone Settle Lawsuit, Blake Jones to Join Former Hosts". Dallas Observer. Archived from the original on January 19, 2024. Retrieved August 3, 2024.
  82. Stein, Jeff (September 25, 2023). "How a podcast called "The Dumb Zone" could transform U.S. labor law". The Washington Post. ISSN 0190-8286. Archived from the original on November 26, 2023. Retrieved August 3, 2024.
  83. Rahadiana, Rieka (March 5, 2026). "Cumulus Media Files for Chapter 11 Bankruptcy in Southern Texas". Bloomberg Law. Retrieved March 5, 2026.
  84. "Board of Directors – Cumulus Media". Cumulus Media. May 19, 2019. Retrieved June 16, 2024.
  85. "Executive Leadership Team – Cumulus Media". Cumulus Media. May 19, 2019. Retrieved June 16, 2024.
External links