CUMULUS MEDIA INC.: Third Quarter 2006 Earnings Conference Call.

ATLANTA -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, November 7, 2006 at 11:00 AM EDT to review the Company's third quarter 2006 financial results, together with an update of financial and operational developments. The call will be open to the general public on a listen only basis. A press release summary of the Company's second quarter financial results will be issued before market opening on November 7, 2006.

The conference call dial-in number is [phone] for both domestic and international calls. Please call five to ten minutes in advance to ensure that you are connected prior to the presentation. The call also may be accessed via webcast at www.cumulus.com.

Immediately after completion of the call, a replay can be accessed until 11:59 PM EDT, November 22, 2006. Domestic and international callers can access the replay by dialing [phone], pass code 2005424.

Cumulus Media Inc. is the second-largest radio company in the United States based on station count. Giving effect to the completion of all pending acquisitions and divestitures, Cumulus Media Inc., directly and through its investment in Cumulus Media Partners, will own and operate 345 radio stations in 67 U.S. media markets. The Company's headquarters are in Atlanta, Georgia, and its web site is www.cumulus.com. Cumulus Media Inc. shares are traded on the NASDAQ National Market under the symbol CMLS.