Cumulus Backs Off Turnaround Promise

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  1. The surprise doom and gloom scenario Mary Berner’s CFO is now offering after initially assuring a reasonable turnaround.
  2. Just how bad is the latest Cumulus financial outlook.
  3. How did the court ignore these draconian predictions and approve the Berner Plan anyway and why unsecured creditors have returned to court to object.
  4. What’s real and what isn’t with Cumulus revenue – here are the confidential pacing’s as of last Friday.
  5. What happens to Lew Dickey’s takeover attempt?  His “blank check” loan expires if no Letter of Intent is signed by mid-November – then what?

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