Cumulus is apparently willing to weaken its competitive position by selling more radio stations to pay down debt holders.
Usually radio groups do this to keep the wolf away from the door.
In the case of Cumulus, the wolf is already in the company (lenders in ill-humor) which is why they are selling off assets that would be critical to continue operation.
The $100 million raised from selling stations to Educational Media Foundation was just the beginning.
What does the 2nd piece of the Cumulus selloff look like?
Will KLOS will be sold in round two?
What’s up with the previously scheduled “reunion” of Mark & Brain.
Has Cumulus found a buyer for standalone AM stations they no longer need such as KABC and WABC?
Westwood One’s fate.
- Entercom’s Next Round of Operational Changes
- Beasley’s Dominance over Entercom
- Entercom Salesforce Public Shaming
- Streaming Music Services Confronting Radio
- Plans for a Second Alpha Media
- Voltair/CBET PPM Enhancements Backfire
- Bye-Bye CBS All-News All the Time
- Nationwide iHeart Downsizing Begins
- New Breeze Soft AC Format Intel
- The iHeart IPO