This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cumulus Media Announces Agreement To Acquire WFME-FM

ATLANTA, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Cumulus Media (Nasdaq:CMLS), the nation's largest pure-play radio broadcaster, announces that it has signed a definitive agreement to purchase WFME-FM -- providing Cumulus a third station in New York City. The transaction is expected to close in the fourth quarter of 2012, and the company will announce format plans for the station at that time.

"This strategic acquisition of our second FM in the nation's largest market will enable us to provide compelling new programming for our listeners and a powerful marketing vehicle for our advertising partners," said Lew Dickey, CEO of Cumulus.

ABOUT CUMULUS MEDIA

Cumulus Media (Nasdaq:CMLS) is the largest pure-play radio broadcaster in the United States with approximately 525 stations in 110 markets, a fully-distributed programming network serving more than 4,500 affiliates nationwide and SweetJack, the local deals platform that will serve 200 U.S. markets by the end of 20212. Cumulus strives to create the next generation radio broadcasting and digital enterprise based on great people and technological excellence. Cumulus provides high-quality local programming choices for listeners and advertisers, challenging career environments for employees and value opportunities for shareholders. For more information, visit cumulus.com.

CONTACT: Investor Relations Contact:
         Collin Jones
         404 260 6600
         collin.jones@cumulus.com
         
         Media Contact:
         Davidson Goldin
         212 319 3451 x640
         david@goldinsolutions.com

Cumulus Media Inc. Logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs