Financial Releases

Cumulus Media Announces Two Strategic Portfolio Optimization Transactions

Selling Six Stations to Educational Media Foundation for $103.5 Million;Net Proceeds to Pay Down Debt and Reinvest in Growth Opportunities Swapping Three Stations with Entercom Communications Corp.;Lifting Cumulus to the Leading Position in Indianapolis Market ATLANTA, Feb. 13, 2019 — Cumulus Media Inc.

Cumulus Restructuring Plan Confirmed by Court

ATLANTA, May 01, 2018 — Cumulus Media Inc. (PINK:CMLSQ) (the “Company,” “we,” “us,” or “our”) today announced that the United States Bankruptcy Court for the Southern District of New York (“the Court”) has confirmed the Company’s Plan of Reorganization (the “Plan”).