Brief: Cumulus Media Announces Agreement To Sell KLOS-FM To Meruelo Media For $43 Mln

Cumulus Media

15/04/2019 21:08

April 15 (Reuters) - Cumulus Media Inc  CMLS.O :
    * CUMULUS MEDIA INC - ANNOUNCES AGREEMENT TO SELL KLOS-FM TO
MERUELO MEDIA FOR $43 MILLION
    * CUMULUS MEDIA INC - ENTERS INTO SWAP AGREEMENT WITH
CONNOISSEUR
MEDIA TO ACQUIRE FOUR STATIONS IN ALLENTOWN, PA
    * CUMULUS MEDIA INC - MERUELO MEDIA WILL BEGIN PROGRAMMING
KLOS-FM
UNDER A LOCAL MARKETING AGREEMENT ON APRIL 16, 2019.
    * CUMULUS MEDIA INC - CUMULUS WILL RECEIVE WODE-FM, WWYY-FM,
WEEX-AM AND WTKZ-AM IN AND AROUND ALLENTOWN, PA
    * CUMULUS MEDIA INC - CONNOISSEUR MEDIA WILL RECEIVE WEBE-FM
IN
WESTPORT, CT, AND WICC-AM IN BRIDGEPORT, CT
    * CUMULUS MEDIA INC - PARTIES WILL BEGIN PROGRAMMING EACH
OTHER'S
RESPECTIVE STATIONS UNDER LOCAL MARKETING AGREEMENTS ON MAY 1,
2019
    * CUMULUS MEDIA ANNOUNCES TWO STRATEGIC TRANSACTIONS

Source text for Eikon:  ID:nGNX9594x0 
Further company coverage:  CMLS.O 

 (Reuters.Briefs@thomsonreuters.com)