On the Record · Cumulus Media

Cumulus Media acquisitions, on the record

The businesses Cumulus Media bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
WDRQ-FM, in Detroit, MI Word for word“On July 31, 2023, the Company completed the sale of WDRQ-FM, in Detroit, MI (the "WDRQ Sale") for $ 10.0 million in cash.” 10-K for 2023	divestiture	July 31, 2023	$ 10.0 million
WFAS Sale Word for word“The Company recorded a gain on the WFAS Sale of $ 7.1 million which was included in the Gain on sale or disposal of assets or stations financial statement line item of the Company's Consolidated Statements of Operations for the year ended December 31, 2023.” 10-K for 2023	divestiture	—	—
affiliate advertising relationships from a producer of radio station advertising Word for word“On July 30, 2021, the Company purchased affiliate advertising relationships from a producer of radio station advertising for total consideration of $ 15.0 million.” 10-K for 2023	acquisition	July 30, 2021	$ 15.0 million
Citadel Broadcasting Corporation Word for word“In connection with our 2011 acquisition of Citadel Broadcasting Corporation and our emergence from Chapter 11 in June 2018, we were required to place certain stations into divestiture trusts in compliance with the FCC rules.” 10-K for 2023	acquisition	2011	—
Broadcast Music, Inc. (BMI) Word for word“The Company received $ 14.8 million in cash proceeds related to the February 2024 sale of Broadcast Music, Inc. ("BMI") to a shareholder group led by New Mountain Capital, LLC.” 10-K for 2024	divestiture	February 2024	$ 14.8 million in cash proceeds
WFAS Word for word“The Company recorded a gain on the WFAS Sale of $ 7.1 million which was included in the Loss (gain) on sale or disposal of assets or stations financial statement line item of the Company's Consolidated Statements of Operations for the year ended December 31, 2023.” 10-K for 2024	divestiture	2023	—
BMI Word for word“("BMI") to a shareholder group led by New Mountain Capital, LLC.” 10-K for 2025	divestiture	—	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses
2016-12-31	$0	—
2019-12-31	$0	—
2023-12-31	—	$0
2024-12-31	—	$14.8 million
2025-12-31	—	$0

Deal filings since 2016

2026-10-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-04-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-02-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-08-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-03-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Cumulus Media’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-04-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.