Cumulus Bankruptcy Ruling

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  1. Mary Berner says Cumulus will emerge from bankruptcy at the end of May – what does she know that everyone else doesn’t.
  2. Their unsecured creditors must sign off but they have been resistant – here’s the surprising thing they did just a few days ago to complicate matters more.
  3. Cumulus is offering these resistant bondholders double what iHeart is offering their unsecured creditors – why aren’t they biting and what specifically do they want.
  4. How two reported takeover bids are affecting an end to this bankruptcy.
  5. Cumulus employees want to know what’s going to happen to them when bankruptcy finally ends – here are the two most likely outcomes

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