Cumulus Media Shares Jump As Execs Consider Reportedly $1.2 Billion Takeover Bid

Atlanta-headquartered radio-station operator Cumulus Media is reportedly considering a $1.2 billion takeover bid, including debt, from industry veteran (and Connoisseur Media founder) Jeff Warshaw. The possible buyout of 24-year-old Cumulus Media (NASDAQ: CMLS), which says that it has “406 owned-and-operated radio stations across 86 markets,” came to light in a recent report from Reuters. According […]
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