Westwood One

Cumulus originally spent $260 million to buy Westwood One and with that acquisition buried itself in debt.

But does Cumulus really need Westwood One now?

  • Who is the “surprise buyer” who could make Mary Berner a very nice offer.
  • What’s wrong with Westwood One?
  • Why Westwood One would be better off in the hands of a new owner.
  • The two radio groups that need Westwood One more than Cumulus.
  • What’s the scenario under which Westwood takes on this investment partner.

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