Radio Giant Cumulus Media Files for Chapter 11 Bankruptcy Amid ‘Industry-Wide Pressures,’ Debt Burden Topping $600 Million
Photo Credit: Melinda Gimpel With an eye on shedding around $600 million in debt, Cumulus Media has once again filed for prepackaged Chapter 11 bankruptcy. The Atlanta-headquartered radio group formally disclosed its latest bankruptcy plan today, about 10 months after being delisted from NASDAQ due to a badly sagging share…
bubmagMarch 6, 2026