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Brief: Cumulus Media Announces Agreement To Sell WABC To Red Apple Media For $12.5 Mln

June 27 (Reuters) - Cumulus Media Inc  CMLS.O :
    * PRESS RELEASE - CUMULUS MEDIA ANNOUNCES AGREEMENT TO SELL
WABC
TO RED APPLE MEDIA FOR $12.5 MILLION
    * CUMULUS MEDIA ANNOUNCES AGREEMENT TO SELL WABC TO RED
APPLE
MEDIA FOR $12.5 MILLION
    * CUMULUS MEDIA INC - INTEND TO USE SALE'S NET CASH PROCEEDS
TO
PAY DOWN DEBT

Source text for Eikon:  ID:nGNX8mBZ8j 
Further company coverage:  CMLS.O 

 ((Reuters.Briefs@thomsonreuters.com;;))

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