Cumulus Media Emerges From Bankruptcy, Sheds $550 Million in Debt

Cumulus Media emerges from bankruptcy, sheds $550 million in debt

(Stock image) Radio broadcaster Cumulus Media has emerged from Chapter 11 bankruptcy protection after completing a financial restructuring that eliminated approximately $550 million in debt and transferred ownership of the company to its former lenders. The Atlanta-based company announced Friday that it had completed the restructuring after receiving all required approvals, including authorization from the Federal Communications Commission (FCC)…

Cumulus Media Emerges From Chapter 11 Again

Mary Berner Cumulus Media Inc. announced on Friday that it has completed financial restructuring and emerged from the Chapter 11 reorganization process. It has a new board and is now privately owned, but its management team will stay in place, including President/CEO Mary Berner. The company had received the necessary approvals earlier from the bankruptcy court and, in August, from the Federal Communications Commission. This is the second time t…

Cumulus Emerges From Chapter 11

• Cumulus Media Inc. announced that it has successfully completed its financial restructuring and emerged from the Chapter 11 reorganization process, following receipt of all required approvals, including from the Federal Communications Commission. The restructuring was completed on an accelerated timeline consistent with the Company's original expectations, and Cumulus continued to operate in the ordinary...

Cumulus Media Exits Chapter 11 Bankruptcy, Eliminates $550 Million in Debt

Cumulus Media Inc. has completed its financial restructuring and emerged from Chapter 11 bankruptcy protection as a privately owned company, eliminating approximately $550 million in debt and strengthening its balance sheet. The Atlanta-based radio and audio media company announced the completion of its reorganization on October 16, 2026, following receipt of all required regulatory approvals, including authorization from the Federal Communicati…

Cumulus Media Emerges From Voluntary Bankruptcy Protection

Cumulus Media has announced that it has "successfully completed" its financial restructuring and emerged from the Chapter 11 reorganization process, following receipt of all required approvals, including from the FCC. The restructuring was completed on an accelerated timeline consistent with the company's original expectations, the company said.

With Lenders Now In Charge, Cumulus Exits Chapter 11

Management stays, the public shareholders are out, and the funded debt is gone. Cumulus Media has completed its Chapter 11 restructuring and emerged as a privately owned company after clearing its last remaining regulatory hurdles following FCC approval.