ATLANTA, Sept. 16, 2013 (GLOBE NEWSWIRE) -- Cumulus Media Inc.(Nasdaq:CMLS) and Rdio announce a powerful content, promotion and advertising partnership that provides listeners with a one-stop solution for their audio needs while offering advertisers new opportunities to engage with consumers.
"We are thrilled to be partnering with Cumulus and their robust network of radio stations and premium content," says Drew Larner, CEO of Rdio. "This monumental deal is the first time a digital and a broadcast platform have come together in this way and we're eager to bring the Rdio experience to the greater Cumulus listening audience."RBC Capital Markets initiated and facilitated this transaction. About Cumulus Media Cumulus Media Inc. (Nasdaq:CMLS) is the largest pure-play radio company in the nation, with approximately 520 owned and operated radio stations, a distribution network reaching nearly 5,500 stations and a content creation platform recently fortified by its pending acquisition of Dial Global. For more information, visit www.cumulus.com. About Rdio Rdio is the groundbreaking digital music service that is reinventing the way people discover, listen to, and share music. With on-demand access to over 20 million songs, Rdio connects people with music and makes it easy to search for and instantly play any song, album, artist, or playlist without ever hearing a single ad. Discover what friends, people with similar tastes, recording artists, and more are listening to in real-time and share across Twitter and Facebook. Build a digital music collection that's available everywhere -- on the web, in-home or in-car, on tablets or mobile phones, and even offline. Launched in August 2010, Rdio is headquartered in San Francisco and was founded by Janus Friis, the co-creator of Skype and is currently available in 31 countries. For more information and to sign up, visit www.rdio.com.
CONTACT: Davidson Goldin Goldin Solutions (for Cumulus) 212 319 3451 x640 firstname.lastname@example.org Nada Antoun (for RDIO) 512 560 6944 email@example.com