Cumulus Acquires Radio Sales Training Company; Web-Based Training System Planned.Business Editors MILWAUKEE--(BUSINESS WIRE)--Feb. 2, 2000 Cumulus Media Cumulus Media, Inc. (also known as Cumulus Broadcasting) NASDAQ: CMLS is a large owner of radio stations in markets in the United States with 307 stations in 61 markets as of December 31, 2005. 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 it has purchased The AdVisory Board Inc. (TAB), dba The Lytle Organization, the largest sales training company serving the radio broadcasting The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. TAB will be operated as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cumulus cumulus: see cloud. . TAB and its founder Chris Lytle Chris Scott "Lights Out" Lytle (August 18, 1974 in Indianapolis, Indiana) is an American mixed martial arts fighter, boxer and a veteran of the Ultimate Fighting Championship. will provide training services to the Cumulus sales organization, other non-competing broadcasters and the general business market. The purchase price was undisclosed. &uot;We are delighted to secure Chris Lytle as a dedicated resource for Cumulus,&uot; said Lew Dickey, Vice Chairman of Cumulus. &uot;Over the past 18 years, Chris has established himself as the premier sales trainer in the industry. He has earned the brand. His organization will be an invaluable part of our training mission.&uot; Founded in 1982 by Chris Lytle and Sarah McCann, TAB is a developer of proprietary sales training materials consisting of correspondence courses, certification courses, seminars, videos, audiotapes, articles and newsletters. In addition, TAB administers sales skills testing products, which augment client company's recruiting and personnel development functions. TAB is the largest sales training company serving the radio broadcast industry with more than double the size of its nearest competitor. In addition, over the past two years TAB has taken its core sales training concepts and has begun marketing them to the general business population. Cumulus envisions extending training services to the Internet. Cumulus Executive Chairman Richard Weening said, &uot;A top priority will be the conversion of TAB's excellent materials to a web-based interactive environment to serve our own organization and others.&uot; Cumulus Media Inc. is a radio broadcasting company focused on the acquisition, operation, and development of radio stations in Arbitron-rated, mid-sized U.S. cities. The company's portfolio of currently owned stations and pending acquisitions includes 311 stations serving 61 U.S. markets. |
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