MediaPost

Cumulus Is Out Of Bankruptcy, Has Paid $550 Million

Cumulus Media has emerged from Chapter 11 bankruptcy, having eliminated roughly $550 million in debt, Inside Radio reports. The company began its prepackaged Chapter 11 reorganization in March. Cumulus canceled 100% of its indebtedness in return for 100% of the company’s equity,…

Read the full article on MediaPost →

Track more AdTech & media news in the app →