Feder: Cumulus hangs onto The Loop, 101 WKQX
Cumulus Media will continue to operate classic rock WLUP FM 97.9 and alternative rock WKQX FM 101.1 under an agreement reached Thursday with Merlin Media, which owns the two stations, Robert Feder writes. Cumulus risked forfeiting the stations when it moved to nullify unprofitable contracts in a U.S. Bankruptcy Court filing last month. Get the full report at robertfeder.com.