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Cumulus To Acquire Dial Global

ABOUT CUMULUS MEDIA INC.

Cumulus Media (Nasdaq:CMLS) is the largest pure-play radio broadcaster in the United States based on station count, with approximately 525 stations in 110 U.S. media markets, a fully-distributed programming network serving more than 5,500 affiliates nationwide and SweetJack, the local deals platform that is expected to serve 200 U.S. markets. Cumulus strives to create the next generation of 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 www.cumulus.com.

ABOUT DIAL GLOBAL, INC.

Dial Global (OTC Pink:DIAL) is the largest independent national audio media company in the U.S., delivering compelling, engaging, and fully-integrated audio content to over 8,500+ radio stations and digital media companies. Dial Global's powerful portfolio of iconic media, sports and entertainment brands, combined with some of the most recognized live events in the world, provide strong and unique brand engagement to over 225 million consumers each week. For more information, visit  www.dialglobal.com .

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

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