Industry News

Cumulus’ “The Ticket” Expands 2026 The World Soccer Coverage

Cumulus Media’s KTCK-AM/FM, “Sportsradio 96.7 and 1310 The Ticket” is expanding its soccer program, “The KickAround,” into a nightly destination for fans during the 2026 World Soccer action as coverage will run from June 11 to July 19. Longtime contributor and European soccer imgjournalist Lars Sivertsen will join ‘The KickAround’ in studio for the duration of the World Soccer coverage alongside the show’s long-standing hosts, Andy Swift and Peter Welpton. KTCK program director Jeff Catlin states, “This is our fourth year to cover World Soccer with expanded programming on ‘The KickAround.’ Interest this year is at an all-time high with key tournament games being played in Dallas-Fort Worth. ‘The KickAround’ will be a destination for Ticket listeners and both soccer fans and casuals.”

Industry News

Cumulus’ WOSH and WNAM Win WBA Awards

Cumulus Media’s Wisconsin radio stations WOSH, Oshkosh “NewsTalk 93.9 & 1490” and WNAM, Neenah-Menasha were honored with four imgAwards for Excellence at the 2026 Wisconsin Broadcasters Association Awards Gala presented last Saturday (5/2). Cumulus notes that in the Medium Market News & Talk Stations Division, WOSH took First Place honors for Best Interview with hosts Steve Edwards and Ron Ross discussing WNAM’s final day of broadcasting on December 31, 2025, after 78 years on air. Program director Steve Edwards (pictured here with the awards) says, “We are thrilled to see NewsTalk WOSH and WNAM honored with four Wisconsin Broadcasters Association awards. The commitment to excellence and community-focused broadcasting continues to set the standard – these awards are well deserved.”

Industry News

“America at Night with McGraw Milhaven” Adds 25 Affiliates

Cumulus Media’s Westwood One says “America at Night with McGraw Milhaven” has added  25 new affiliates since the launch of the show in December, expanding the show’s national footprint to 280 affiliates coast imgto coast. New station partnerships include WCCO-AM, Minneapolis; KTRS-AM, St. Louis; WPRO-AM, Providence; and KCMO-AM, Kansas City. The show airs live weeknights from 9:00 pm to 12:00 midnight ET. Westwood One says, “McGraw Milhaven delivers appointment listening for late-night audiences, featuring host McGraw Milhaven’s signature mix of compelling interviews, sharp analysis, and positive energy listener interactions. Milhaven brings both authority and approachability to national late-night talk radio – offering a fresh, contemporary voice grounded in experience.”

Industry News

WWO: Programmatic Audio Buying is Soaring

Today’s blog post from Cumulus Media | Westwood One’s Audio Active Group reports on the results of a March 2026 Advertiser Perceptions study of 301 advertisers and agencies about programmatic buying. The results indicate that 82% that currently use programmatic audio advertising. Some of the findings of the study include: 1) 82% of agencies and imgadvertisers are currently buying audio programmatically, up two times from 2022 (41%); 2) The most used programmatic audio demand-side platforms are Google Display & Video 360, The Trade Desk, and Amazon DSP; 3) Among publishers, the most utilized supply-side platforms for digital audio ads are Google Ad Manager, distantly followed by Amazon Publisher Services, Open X, and PubMatic; 4) Among those who purchase podcasts, Google DV360, The Trade Desk, and Amazon’s DSP are the most utilized demand-side platforms; and 5) Recent announcements from Amazon Ads indicate a major expansion of over-the-air AM/FM radio and audio advertising capabilities within the Amazon Demand Side Platform. Regarding that last point, the study notes that those moves “focus on bridging the gap between traditional broadcast AM/FM radio and digital, programmatic buying, allowing advertisers to use Amazon’s first-party signals for targeting and measurement.” See the blog post here.

Industry News

Salem Media to Syndicate Larry O’Connor Morning Show

Salem Media announces that the “O’Connor & Company” morning show hosted by Larry O’Connor will begin airing across the Salem Radio Network’s 140-plus affiliates and simulcast on the Salem News Channel as its national morning drive program beginning Monday (5/4). The program will continue to air as the imgmorning program on Cumulus Media’s WMAL-FM, Washington, DC. O’Connor also serves as editor of Salem’s Townhall.com. Salem says, “By aligning O’Connor’s leadership role at Townhall.com with his national radio and television presence – and his growing digital footprint – Salem is further strengthening its integrated, cross-platform content strategy. This move positions O’Connor at the forefront of conservative political discourse while reinforcing Salem Media’s role as a leading destination for news, commentary, and influential voices.” Salem SVP of content Phil Boyce adds, “Larry is the go-to media voice for the people shaping policy in our nation’s capital. He’s built a show insiders rely on and an audience that cares deeply about the direction of the country. We’re proud to imgexpand that success across our national lineup, leading the conversation every morning across America.” O’Connor says, “We’re excited to bring ‘O’Connor & Company’ to a broader national audience while maintaining the strong foundation and audience connection the show has built in Washington. At the same time, we’re building the future of media across radio, streaming, and digital platforms with Townhall and the Salem News Channel. Salem’s integrated vision aligns perfectly with my work across platforms, including my daily streaming show “LARRY,” and makes this an incredibly exciting next chapter. I’m also thrilled that my longtime collaborator and executive producer Heather Hunter will continue with the program as we expand nationwide.”

Industry Views

Conservative Talk Media Star Larry O’ Connor Interviewed on Harrison Podcast

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Cumulus Media’s WMAL-FM, Washington, DC morning show mainstay Larry O’ Connor is this week’s guest on the TALKERS MEDIA YouTube channel video podcast, “Up Close Far Out.” The episode, hosted by radio industry icon Michael Harrison, dives into the details surrounding the just-announced expansion of O’Connor’s DC-based 6:00 am to 9:00 am ET daily “O’ Connor and Company” to now being carried on the Salem Radio Network and Salem News Network’s 140-plus affiliates. Harrison also probes O’Connor’s position on a wide variety of political and social issues making for a fascinating discussion about the brave new world into which our society is rapidly transitioning. To experience the video in its entirety, please click HERE.

Industry News

Cumulus Announces Season Three of “On the Frontlines” Podcast

Cumulus Media unveils the third season of the original podcast series, “On the imgFrontlines with Mark Levin and Yael Eckstein,” exclusively presented by the International Fellowship of Christians and Jews. Cumulus says this series is a long-running collaboration between broadcaster and constitutional law expert Mark Levin and Yael Eckstein, president & global CEO of The Fellowship. Levin states, “In a moment when freedom is under assault abroad and unity is fraying at home, this season of ‘On the Frontlines’ confronts the hard truths of our time. We examine history, culture, and conscience to ask what’s really required of a free people – and why faith and courage still matter.”

Industry News

Cumulus Partners with The Media Audit and TOMA.Solutions for Consumer Insights

Cumulus Media says that it is “accelerating its commitment to data-driven sales by partnering with The Media Audit and TOMA.Solutions to bring sophisticated market and consumer intelligence to Cumulus stations across a growing number of U.S. markets, providing a level of local clarity that goes far beyond traditional audience metrics.” The company says that The Media Audit provides granular local market data imgon consumer lifestyles, purchasing behavior and cross-platform media usage while TOMA.Solutions adds a powerful layer of competitive insight by measuring “Top-of-Mind Awareness,” revealing which local brands own the first-to-mind position in their categories. Cumulus president of operations Dave Milner says, “Today’s advertisers want more than audience delivery. They want insight, clarity, and a stronger connection between marketing decisions and business results. By integrating specialized resources like The Media Audit and TOMA.Solutions into our broader research suite, our teams in these markets provide an even deeper level of local intelligence, helping our clients build more precise and effective campaigns.”

Industry News

Cumulus Reports 2026 Q1 Revenue Down 12.2%

Cumulus Media is first out of the gate reporting its operating results for the first quarter of 2026. Net revenue for the company was $164.4 million, a decline of 12.2% from the same period in 2025. Cumulus saw its net loss shrink by almost half to $16.9 million compared to Q1 of img2025. The company reports declines in all segments of its business; even digital revenue was off 8.3% ($33.5 million). Network spot revenue was down 25% ($33 million), and broadcast spot revenue was $67.7 million, a decline of 16.3% from Q1 of 2025. Cumulus president and CEO Mary G. Berner says, “We are pleased to report first quarter earnings. The Court’s recent approval of our reorganization plan marks a pivotal milestone in strengthening our financial foundation and positioning the company to compete in the evolving media landscape. While we await FCC approval of the plan, we remain focused on leveraging our core strengths to drive long-term value creation.”

Industry News

Cumulus Names Webb PD for KABC and KSFO

Cumulus Media promotes Art Webb to program director for news/talk stations KABC, Los Angeles and KSFO, San Francisco. He has been serving as assistant program director and executive producer for both stations since 2017. He takes over for Luis Segura, who recently imgassumed the operations manager role at the company’s WMAL-FM, Washington. Cumulus regional vice president Larry Blumhagen states, “Art has proven to be exceptionally dedicated and creative in his years as APD for KABC. We are eager to watch him bring those qualities to the role of program director for KABC and KSFO.” Webb comments, “I’m excited to step into this role and build on the strong foundation already in place at both stations. Our focus remains on creating engaging, relevant content that truly connects with California listeners while continuing to elevate the incredible work of our talented teams. With such outstanding rosters in Los Angeles and San Francisco, I’m looking forward to sharing in much success together.”

Industry News

Cumulus Media Renews John Phillips Show

Cumulus Media is renewing “The John Phillips Show” with a new multi-year agreement. The program – hosted by John Phillips and Randy imgWang – is heard on 790 KABC-AM in Los Angeles and 810 KSFO-AM in San Francisco daily from 12:00 noon to 3:00 pm. Phillips is also a columnist for the Orange County Register and the Los Angeles Daily News. Wang also hosts the locally focused “KABC News Blitz” daily from 5:00 pm to 6:00 pm. Cumulus regional VP Larry Blumhagen says, “We are thrilled to extend “The John Phillips Show” and will continue to have John Phillips and Randy Wang speak about accountability in California to their loyal audience.”

Industry News

Layfield to Lead Programming at iHeartMedia Louisville

iHeartMedia names programming pro Christopher Layfield vice president of programming for the company’s Louisville station group that includes news/talk WHAS, talk WKJK, and sports talk WKRD, plus five music brands. iHeartMedia imgLouisville area president Kristy Beebee says, “Christopher brings an exceptional track record of leadership, creativity and strategic vision, and will be a tremendous asset to our teams and listeners. Louisville is a dynamic, growing market, and we’re excited to see the impact he’ll make as we continue to elevate and strengthen our brands, talent and community connections.” Layfield most recently served with Cumulus Media as SVP of programming for Indianapolis.

Industry News

Cumulus v. Nielsen: Harm Has Already Happened

The latest court filing in the Cumulus v Nielsen monopolistic practices suit tells the court it is no longer asking it to prevent harm, it’s asking the court to recognize that the harm has already happened. The filing states: “After a three-day evidentiary hearing, the District Court ruled for Cumulus, finding that Nielsen’s unlawful tying would irreparably injureimg Cumulus’s relationships with advertisers, goodwill, and market share, and push it towards financial collapse. The District Court accordingly enjoined Nielsen’s anticompetitive conduct. imgNielsen’s brief attacks those findings as speculative, asserting that Cumulus never showed any real risk of bankruptcy or any other non-compensable harm, but one of those irreparable harms has now come to pass: After a motions panel stayed the injunction, Cumulus declared bankruptcy—citing “the Nielsen network tying policy” as a significant contributing cause. The other harms identified by the District Court remain today and have become increasingly urgent, as Cumulus will lose access to Nationwide this September.” TALKERS associate publisher and Harrison Media Law senior partner Matthew B. Harrison comments, “Cumulus has fundamentally shifted the posture of this case. What began as a forward-looking claim of irreparable harm is now being presented as a realized outcome, following its Chapter 11 filing. The appellate court is no longer being asked to prevent potential damage, but to assess whether the harm that has already occurred can be attributed to Nielsen’s challenged conduct — or to broader economic pressures facing the radio industry.”

Industry News

WWO: Guidelines for Using AI to Build Your Media Plans

Today’s blog post from Cumulus Media | Westwood One’s Audio Active Group addresses the use of AI by local advertisers to inform their media plans. Cumulus president of operations Bob Walker says that use of AI is fine but there are “some watchouts and best practices to consider.” Heimg offers these tips: 1) Be exact: The more specific the language used, the more accurate the response; State a desired outcome like “grow awareness”, “increase sales”, or “expand my customer base”; 2) Use reputable sources within search queries to get accurate information; 3) Take careful note of sourcing and dates: Don’t take data at face value without checking it; 4) Understand that AI platforms are different: Results will vary depending on the platform; and 5) Expect responses will change: Lots of factors impact the AI answers so read them carefully. See the full blog post here.

Industry News

Bankruptcy Court Approves Cumulus’ Plan of Reorganization

The next step for Cumulus Media in its Chapter 11 reorganization is the Federal Communications Commission after the United States Bankruptcy Court for the Southern District of Texas yesterday (4/15) approved itsimg previously disclosed Plan of Reorganization. Cumulus Media president and CEO Mary G. Berner says, “When we initiated this prepackaged restructuring in March, we did so with a clear objective: to right-size our balance sheet to support long-term success. The court’s prompt approval of our plan keeps us firmly on track to eliminate approximately $600 million in debt and positions us to emerge with a significantly stronger financial foundation. We look forward to completing the restructuring and emerging as a well-capitalized company, better equipped to compete in the evolving audio landscape.”

Industry News

Host Ron Slay and “104.5 The Zone” Renew Deal

Afternoon drive personality Ron Slay and Cumulus Media agree to a new contract that will keep him co-hosting the afternoon drive “3HL” show on WGFX-FM, Nashville “104.5 The Zone” alongside Brent Dougherty and Dawn Davenport. The station says that since joining “3HL” in 2021, Slay has become an essential part of the show’s identity – blending sharp sports insight, humor, and a natural storyteller’s instinct that resonates far beyond the studio. Station programming operations manager Paul Mason comments, “Ron is a game‑changer. He brings energy, curiosity, and joy to everything he touches. Watching his growth – not just as a broadcaster, but as a leader and connector – has been incredible. His ceiling truly doesn’t exist, and we’re excited to see what this next chapter brings.” In addition to his work with “104.5 The Zone,” Slay serves as a college basketball analyst for ESPN and the SEC Network.

Industry News

KNBR Renews Flagship Radio Deal with 49ers

The San Francisco 49ers and Cumulus Media sports talk KNBR, San Francisco “The Sports Leader” extend their deal in which KNBR AM/FM serves as the 49ers’ flagship station. Broadcasters Greg Papa and Timimg Ryan will continue calling live 49ers games, as well as pre-and post-game shows. Cumulus regional VP Larry Blumhagen comments, “We at KNBR are tremendously excited to continue this valued partnership with the Niners. We have a wonderful relationship with the organization and its people, and they are truly a partner to us in connecting their fans with all the gameday action they love and demand. We look forward to continuing to provide 49ers fans with outstanding game day coverage on all KNBR platforms from AM/FM to streaming.”

Industry News

Cumulus Speeding Toward Chapter 11 Exit

Yesterday (4/13) in U.S. Bankruptcy Court in Houston the Modified Joint Prepackaged Chapter 11 Plan of Reorganization of Cumulus Media Inc. and Its Debtor Affiliates was filed. While the proposed order has yet to be approved by the judge, it is expected to be approved soon and clears theimg way for the reorganization to move to the next step – approval from the Federal Communications Commission. When fully consummated, the plan will have eliminated $592 million of debt for Cumulus and puts control of the company into the hands of secured creditors. A new board of directors will be elected and although current executive management may remain in their positions, it is entirely up to the new board of directors to determine the company’s officers.

Industry News

WWO: Marketers Underestimate Value of Creative

Today’s blog from Cumulus Media | Westwood One’s Audio Active Group reviews the annual study it commissions from Advertiser Perceptions in which it surveys brands and media agencies on the sales contribution of five advertising effectiveness factors: brand, creative, reach, recency, and targeting. As in the past marketers and media agencies massivelyimg understate the immense sales effect power of creative. Some 122 marketers placed creative as the third most important contributor toward driving sales behind targeting and brand. But the reality based on analysis of 450 ad campaigns indicates creative is far and away the most important driver of sales. Both marketers and agencies place the greatest importance on targeting. Experts caution that too narrow targeting is ineffective. See the full blog post here.

Industry News

Cumulus Media’s Q4 2025 Revenue Down 14%

Cumulus Media reports its operating results for the fourth quarter and for the full year of 2025. Cumulus’ net revenue in Q4 of 2025 was $188 million, a decline of 14% from the same period in 2024. For the full yearimg` of 2025, net revenue was $741.6 million, a decrease of 10.3% from 2024. For the full year 2025, the company posted a loss of $200.7 million. Cumulus reports by segments and for all of 2025, broadcast revenue was $116.2 million, a decline of 22.2% from 2024. Even digital revenue fell in 2025 to $151.3 million, down 1.9%. Cumulus Media president and CEO Mary G. Berner says, “The Company’s recently announced financial restructuring marks an important step toward meaningfully reducing the debt burden that has constrained the business. Looking ahead, we remain focused on building on the core strengths of the Company to maximize value.”

Industry News

KKOB Unveils the “250 Initiative”

Cumulus Media’s Albuquerque news/talk News Radio KKOB – in celebration of the 250th birthday of the United States of America – announces “250 Flags,” a statewide initiative designed to recognize and honor 250 individuals who make New Mexico stronger every day. The station is asking listeners across New Mexico to nominate someone they believe deserves recognition. Honorees can be anyone, living orimg deceased, known or unknown, in New Mexico who has made a meaningful impact on their community, through service, leadership, sacrifice, or simply showing up when it matters most. On May 4th, News Radio KKOB will begin announcing honorees, with four individuals recognized each weekday, leading up to a culminating event later this summer. KKOB program director Aaron “Buck” Burnett says, “250 Flags is about recognizing the people who don’t always get the spotlight. New Mexico is full of everyday heroes, and this gives us a chance to tell their stories and honor them in a meaningful way.”

Industry News

Segura Named OM for WMAL-FM, Washington

Cumulus Media appoints Luis Segura operations manager for its news/talk WMAL-FM, Washington, DC, effective May 4. Program director Bill Hess retired at the end of 2025 after a long time leading the station. Segura was most recently program director for the company’s KSFO,img San Francisco. Cumulus chief content officer Brian Philips says, “Among our strong field of Cumulus programmers, Luis leapt from the pack as the person possessing the energy and imagination to lead WMAL. Luis visualizes the multi-dimensional future of this big brand. The immense benefit of keeping Luis ‘in house’ is that he will continue to offer expert counsel to our revitalized operations in San Francisco and Los Angeles, as needed.” Segura says, “I’m incredibly excited to work with the legendary staff of Cumulus’ flagship news/talk. WMAL is packed with national names like Larry O’Connor and Chris Plante, and I can’t wait to join the team.”

Industry News

Warshaw Implies Cumulus Had Eyes on Audacy Before SFM Got Involved

The Jeffrey Warshaw vs Soros Fund Management case has brought up questions about how SFM became majority owner of Audacy. Connoisseur Media owner Jeffrey Warshaw is suing SFM for breach of contract, unfair trade practices and more in alleging that he had a deal with the company’s Michael Del Nin in 2022 and began working together “to try acquiring Cox Radio, with Del Nin agreeing that Warshaw wouldimg manage the business as CEO upon successful acquisition.” Warshaw also says he steered SFM and Del Nin to the deal that made SFM a majority stake holder of the new Audacy in early 2024 and alleges he was promised he’d be the next CEO of Audacy or that he would get 5% of SFM’s profits from the Audacy acquisition.

imgNow, in recent court filings, Warshaw claims that by mid-2023 he had identified HG Vora as the key holder of Audacy’s distressed debt and, through industry contacts, came to believe that HG Vora was already aligned with Cumulus Media to merge the two companies. But the filings stop short of proving that such a deal ever existed in a formal sense.

Warshaw relies on what he “deduced” from conversations in the market – not on a signed agreement, binding term sheet, or documented commitment between HG Vora and Cumulus. SFM’s response goes directly at that point saying it had been evaluating a potential investment in Audacy for more than a year before Warshaw’s involvement, positioning its eventual acquisition not as a hijacked opportunity, but as the result of an independent strategy already in motion.

Now we wait to see if Warshaw can prove a Cumulus-backed pathway was real or if SFM can demonstrate that it was already tracking Audacy. Whether the Cumulus-Audacy deal was a genuine near-transaction or simply informed speculation appears to hinge on what documents and/or third-party witnesses reveal.

Industry News

Cumulus Names Wirthlin to Lead Salt Lake City Cluster

Cumulus Media appoints Joyce Wirthlin vice president/market manager for its Salt Lake City station group that includes news/talk KKAT-AM and four music brands plus its digital marketing services for local advertisers. Wirthlin most recently served as market president for iHeartMedia’s Salt Lake City operations. Cumulus Media president of operations Daveimg Milner comments, “Joyce is an experienced market leader with deep relationships across Salt Lake City, enabling her to bring sharp local insight and credibility to every client partnership. She excels at delivering integrated marketing solutions, helping clients leverage our multi-platform strategies that maximize the combined power of audio and digital to drive results. Joyce will be a tremendous asset to our Salt Lake City team and a growth catalyst for our clients.”

Industry News

Cumulus Says 2025 Annual Report Filing Late Due to Bankruptcy Proceedings

Cumulus Media files a notice with the Securities and Exchange Commission revealing that it is unable to files its annual 10-K with the Commission due to its status in Chapter 11 bankruptcy protection.img Specifically, since the company must get permission from the court to retain PricewaterhouseCoopers LLP as the independent registered public accounting firm for the company and its subsidiaries to complete the 10-K, it must wait to clear the objection hurdle expected to be complete by April 8. Cumulus notes that the ultimate timing of its filing of its Annual Report is dependent upon entry of the order.

Industry News

Bankruptcy Court Allows Cumulus to Use Cash Collateral to Continue Operations

At the most recent hearing in United States Bankruptcy Court in Houston, Judge Alfredo Pérez agreed that Cumulus Media may use cash collateralimg to continue to operate its business as it makes its way through the Chapter 11 process that could be finalized in May if the pre-packaged bankruptcy plan continues to go smoothly. Attorneys for Cumulus reported to the court that the company now has the backing of 83% of its lenders for the reorganization plan that would put control of the company in the hands of the secured creditors. Once complete, the reorganization will have eliminated some $592 million of the company’s debt.

Industry News

Park Promoted to Regional VP for Cumulus

Cumulus Media promotes Darlene Park to regional vice president, Cumulus Central Indiana. In this role, Park adds oversight two more Indiana music outlets to the Indianapolis stations she is overseeing thatimg include sports talk WXNT-AM. Cumulus Media president of operations Dave Milner comments, “We are thrilled to promote Darlene to Regional Vice President for Central Indiana, where she will oversee Indianapolis, Kokomo, and Muncie. Since joining Cumulus Media, Darlene has proven to be a strong leader who builds positive, high-performing cultures. Her ability to inspire teams and drive consistent, impactful results makes her exceptionally well-suited to lead this expanded region.”

Industry News

Cumulus’ Chapter 11 Reorganization Triggers Stay in Complaint Against Nielsen

United States District Judge Jeannette Vargas recognizes the automatic stay that kicks in due to U.S. Bankruptcy laws in Cumulus Media’s anti-trust suit against Nielsen as the result of the former’s entering Chapter 11 bankruptcy protection. The parties are ordered to submit a joint letter regarding the status of the bankruptcy proceedings by June 9, 2026.

Industry News

Cumulus Media’s Pre-Pack Reveals Plan for Secured Lenders to Operate Company

Cumulus Media’s filing with the United States Bankruptcy Court in the Southern District of Texas outlines the Joint Prepackaged Chapter 11 Plan of Reorganization. In the plan’s introduction, the company lays out the reason for the Plan that, if approved by the Court, will put control of the company into the hands of an “ad hoc group of secured lenders.” After a 2018 restructuring that greatly reduced the company’s debt, and consistent efforts in the ensuing years in which it employed cost-imgreduction and asset-optimization initiatives, it went into refinancing mode in May of 2024, pushing loans that matured in 2026 into 2029. The filing states, “Despite these measures, ongoing industry revenue declines and macroeconomic headwinds continued to constrain liquidity and free cash flow. As a result of these various pressures, in the last quarter of 2025, the Company, with the assistance of its advisors, began to explore various strategic alternatives and potential liquidity-enhancing transactions. After considering the available options, the Debtors and their advisors determined that the best path forward was to implement a comprehensive recapitalization transaction either out-of-court or through the filing of prepackaged chapter 11 cases.” The key provisions of the Plan are: “2029 Secured Claims will be canceled in exchange for 95% of the equity in the reorganized Company” and “Other Funded Debt Claims will be canceled in exchange for 5% of the equity in the reorganized Company.” Additionally, the current Board of Directors will be discharged and it will be up to the new Board whether it keeps any or all of the current organization’s corporate officers.

Industry News

Cumulus Announces Chapter 11 Pre-Pack to Eliminate $600 Million in Debt

In a surprise announcement this morning (3/5), Cumulus Media Inc reveals it has entered into a comprehensive restructuring support agreement (RSA) with a group of its lenders to eliminate approximatelyimg $600 million of debt, “substantially deleveraging its balance sheet and enhancing its ability to execute on strategic priorities.” The company says it will continue operating in the ordinary course throughout the process, with no impact to employees, partners, or listeners.

Cumulus president and CEO Mary G. Berner states, “While we have outperformed the market on many of our most important metrics, including share gains in both local and digital revenue, the broader imgmacroeconomic and industry-wide pressures we have faced have remained unrelenting. Against that backdrop, it became clear that Cumulus’s remaining debt burden limited our ability to fully realize the company’s potential, and this agreement represents a major step forward. The prepackaged process is intended to address the company’s debt efficiently with no disruption to our operations, our people, and our strategies. On emergence, a stronger financial foundation will better position Cumulus to continue investing in premium content, enriched audience experiences, advertiser performance enhancements, and the ongoing growth of our digital marketing offerings.” Cumulus has filed a proposed Plan of Reorganization that incorporates the terms of the RSA and is subject to approval by the Court. The requisite majority of debtholders committed to vote in favor of the Plan, which calls for the cancellation of 100% of the company’s existing funded indebtedness in exchange for 100% of the company’s reorganized equity and $50 million of new convertible notes, as well as the amendment and restatement of the company’s asset-based revolving credit facility to provide continued liquidity. Cumulus expects that the Court will hold a hearing to consider the approval of the Plan within 60 days of the filing date and that the company will emerge from bankruptcy following receipt of required regulatory approvals from the Federal Communications Commission.

Industry News

Cumulus to Launch Mark Levin Ad-Supported Video Podcast Series

Cumulus Media’s Westwood One announces a new digital video series starring nationally syndicated host Mark Levin. The company says “Liberty’s Voice with Mark Levin” will publish vodcast episodes threeimg times per week – Monday through Wednesday – and will be available on both YouTube and Rumble in digital video format with future expansion on other platforms. The company adds, “For the first time, Levin will offer audiences access to original digital video content via an ad-supported model, instead of a subscriber paywall. ‘Liberty’s Voice with Mark Levin’ will present exclusive, in-depth commentary from one of America’s most influential constitutional scholars and political thinkers. Sharing his intellectual rigor, brilliant wit, and signature passion, Levin will draw on history, economics, law, and philosophy as he goes beyond the headlines to examine the ideas and principles that shaped the United States – and the forces challenging them today. Each episode will deliver substantive analysis of current events, grounded in the founding ideals of liberty, limited government, and individual sovereignty, while exposing the dangers of centralized power and historical amnesia.”

Industry News

Connoisseur Names Frisk Palm Springs Market Manager

Connoisseur Media names Sommer Frisk market manager for its Palm Springs cluster that includes “K-NEWS” (KNWZ-AM, KNWQ-AM, K284CR), sports talk KKUU-HD2 “ESPN 103.9,” and six music brands.img  Frisk is also serving the company as regional manager for Alaska and Salt Lake City. She was most recently with Cumulus Media as VP and market manager for the Oxnard-Ventura, California market. Connoisseur Western Region SVP Tina Murley says, “Sommer’s leadership, passion for local media, and her ability to connect with communities make her an ideal addition to the Connoisseur family. As we deepen presence in Palm Springs, Alaska, and Salt Lake City, Sommer’s strategic vision, commitment to local communities, and operational expertise will be invaluable.”