Atlanta-based Cumulus about to close merger with Citadel
The Federal Communications Commission has given a green light to Atlanta-based Cumulus Media’s $2.5 billion merger with Citadel, paving the way for the deal to be completed as early as Friday. This will make Cumulus the second largest U.S. radio corporation only behind Clear Channel in both revenue and number of stations. Combined, Cumulus will own more than 500 stations. The final step is approval by Citadel shareholders, which is expected today. If that does happen, the two companies will become one as of Friday, Sept. 16. The Department of Justice signed off on the merger, saying the companies… >>
Read more Atlanta-based Cumulus about to close merger with Citadel at Radio & TV Talk…
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