FCC Approves Cumulus Bankruptcy Exit; Berner Promises No Cuts to News Staffs for Two Years
Cumulus has not released an official announcement yet but several outlets – including Editor and Publisher – are reporting that the Commission signed off on the license transfers from the old Cumulus to the new Cumulus yesterday (8/19). Interestingly, Cumulus CEO Mary G. Berner sent a memo to FCC Chairman Brendan Carr on August 14 in which she reaffirmed “Cumulus
Media’s longstanding commitment to operating its broadcast radio stations in a manner that serves the public interest, advances localism, supports public safety and responds to the needs and interests of the communities it is privileged to serve.” Additionally, Berner addressed the company’s newsrooms and wrote: “Preserving our coverage of newsworthy events, and their impact on our local communities, is exceedingly important to Cumulus Media. The stronger financial foundation that our financial reorganization will afford us is intended to preserve and strengthen, not diminish, our ability to serve local audiences. Consistent with that objective, we commit to maintaining our existing newsroom staffing levels for a minimum of two years following approval of the requested applications.”
