- Brendan Carr’s FCC is acting out its solution to radio bankruptcies that are approved too quickly – think Audacy – by vetting Cumulus’s mystery owners and slow rolling transfer of licenses.
- Cumulus is bleeding red ink coming off the worst quarter in memory so the FCC’s just-announced postponing the transfer of 393 station licenses potentially hampering the company’s future ability to survive.
- To be honest, no one knows who the new owners are at any given minute and as we’ve discovered even the FCC doesn’t know as of June 19.
- Is this a new trend or a one-off affecting just Cumulus? What about the speculative rumors that won’t go away about fears of a certain hedge fund in the wings ready to brutally gut Cumulus.
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