Cumulus Media A Value Stock - Dividend - Research Selection
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Description of the company
Cumulus Media Inc. (Cumulus) owns and operates commercial radio station clusters throughout the United States. As of December 31, 2011, it owned or operated approximately 570 radio stations (including Local Distribution Agreements (LMAs)) in 120 United States media markets and operates nationwide wireless networks serving over 4,500 affiliates. As of December 31, 2011, she served on seven US radio stations under the LMA's sales and marketing services. On August 1, 2011, the company acquired Cumulus Media Partners, LLC. On September 16, 2011, it acquired the Citadel Broadcasting Corporation. In April 2012, the company announced the sale of 55 stations in 11 markets to Townsquare Media against the acquisition of 10 radio stations in two markets.