CUMULUS MEDIA INC. Announces Termination of Saginaw, MI Acquisition.Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 6, 2002 Cumulus Media Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMLS CMLS Central Minnesota Legal Services CMLS Chemical Movement in Layered Soils CMLS Centralized Mail List Services (GSA) CMLS Contractor Maintenance & Logistics Support ), today announced that Cumulus cumulus: see cloud. has determined not to proceed with the previously announced acquisition of five radio stations in the Saginaw, Michigan market. Cumulus and Wilks Broadcasting, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Wilks License Co., LLC, which own the Saginaw stations, have mutually agreed to terminate a purchase agreement for such acquisition that was entered into in May 2002. Cumulus CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Lew Dickey stated that "We are currently in negotiations for several transactions and will continue expanding our platform by acquiring market-leading clusters that are accretive to our shareholders." Cumulus Media Inc. is the second largest radio company in the United States based on station count. Giving effect to the completion of all announced pending acquisitions and divestitures, Cumulus Media will own and operate 260 radio stations in 54 mid-size, U.S. media markets. The company's headquarters are in Atlanta, Georgia and its web site is www.cumulus.com. |
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