Entries tagged "Cumulus Media Inc."

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Cumulus Media acquires third New York radio outlet

The broadcaster buys WFME-FM from Family Radio, the company founded by failed doomsday prophet Harold Camping. Continue reading

Posted on October 16, 2012 2:26 PM

CBS: A take-private play in the making?

In speculation that the media company could sell its outdoor ad business lurks a more grandiose possibility. Continue reading

Posted on June 15, 2012 12:40 PM

M&A Deals of the Year: Cumulus Media-Citadel

The country's No. 3 radio broadcaster pulled off the nifty trick of bagging two acquisitions, including rival Citadel, and lowering its debt-to-Ebitda. Continue reading

Posted on January 20, 2012 12:00 PM

Gift of the Greeks

A period of froth in debt markets ended abruptly in mid-June, leaving sponsors chagrined but debtholders sitting pretty. Continue reading

Posted on July 22, 2011 1:00 PM

Cumulus, Clear Channel, the future of radio

It's a tale of two: Giant Clear Channel pulled off an LBO that left it hobbled with debt. A Cumulus buyout deal failed, but after its Citadel acquisition it's a lot better off. Now we're about to find out how much life this century-old industry has. Continue reading

Posted on May 20, 2011 12:30 PM

Cloud, castle, junkyard dog

After a long period of dormancy, radio may once again be poised for consolidation. That's the background behind Cumulus' attempt to take over Citadel Broadcasting. In the middle: a serial suing hedge fund, R2. Is this the return of dealmaking in a nearly century-old business? Continue reading

Posted on February 4, 2011 1:25 PM

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