Radio Broadcaster Cumulus Media Agrees to $1.3 Billion BuyoutAuthored by Mark Hefflinger on July 23, 2007 - 11:59am.
Atlanta - Cumulus Media, the nation's second-largest radio company behind Clear Channel, announced on Monday that it has agreed to a merger deal, through which it will be sold to an investor group led by company chairman, president and CEO Lew Dickey, and an affiliate of Merrill Lynch Global Private Equity, for about $1.3 billion.
Related Links: tags: Deals | Radio | Music | Mergers | Cumulus Media | Merrill Lynch Global Private Equity | Lew Dickey |
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