Feder: Cumulus Media ready to exit bankruptcy
Posted May 02, 2018 1:00 am
Cumulus Media, parent company of three Chicago radio stations, has found a way out of bankruptcy, Robert Feder writes. The nation's second largest radio operator announced Tuesday that its financial restructuring plan has been approved by U.S. Bankruptcy Court in New York, a move that will allow Cumulus to erase more than $1 billion in debt and emerge from Chapter 11 reorganization before the end of the quarter. Get the full report and more Chicago media news at robertfeder.com.
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