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.
- Katz Strong-arming Stations
- Panic at Entercom
- Nielsen’s Overnight Ratings
- The Emmis, Beasley, Urban One Deals
- Entercom’s Expense Cutting Shortfall
- Radio’s 3 New Rising Competitors
- The Liberty Takeover of iHeart
- Investors Growing Impatient with Entercom
- The Demise of the Morning Show
- Trade & Remnant Ads Blowing Up