Cumulus Media Adds 3 Stations in Bismarck; Completes North Dakota Group for $4.5 Million.MILWAUKEE--(BUSINESS WIRE)--Jan. 5, 1999--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 it has expanded its operations in Bismarck, North Dakota Bismarck is the capital of the State of North Dakota, the county seat of Burleigh County, and the second most populous city in North Dakota after Fargo. Its population is 58,333 (July 2006 est.).[1] Bismarck was founded in 1872. with the purchase of two additional stations. The Company is purchasing KSSS-FM, KBMR-AM and the-soon-to-be-launched, 50,000 watt KXMR-AM from Anderson Broadcasting Corp. The total purchase price is $4.5 million. The Cumulus group in Bismarck now comprises 4 FM and 3 AM stations including KACL-FM, KBYZ-FM, KKCT-FM and KLXX-AM acquired earlier this year. "Andy Anderson is a true pioneer and has made a significant contribution to North Dakota broadcasting," said Richard Weening, Cumulus Executive Chairman. "He and his family have built some excellent radio stations which we are proud to include as an important part of our group in Bismarck." In addition to its stations in Bismarck, Cumulus also operates 61 stations in 13 cities in the Midwestern states, including Minnesota, Wisconsin, Illinois, Michigan, Ohio and Kansas. Including the stations in this announcement, as well as acquisitions pending FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. approval, Cumulus will own and operate a total of 212 stations in 39 cities across the U.S. Bismarck is the state capital of North Dakota Noun 1. capital of North Dakota - capital of the state of North Dakota; located in south central North Dakota overlooking the Missouri river Bismarck North Dakota, Peace Garden State, ND - a state of north central United States bordering on Canada , and houses several well-known companies including Burlington Northern Railroad The Burlington Northern Railroad (AAR reporting marks BN) was a United States-based railroad company operating between 1970 and 1995. History The Burlington Northern was the product of a March 2, 1970 merger comprising the Great Northern Railway, the Northern , Melroe Manufacturing and a division of Amoco Oil/British Petroleum. The market is ranked 259th overall in the U.S. by Arbitron and ranks the 5th highest in the U.S. in terms of radio advertising revenues per dollar of retail sales, a key indicator of radio's relative attractiveness to advertisers. Cumulus Media Inc. is a radio broadcasting company focused on the acquisition, operation, and development of radio stations in mid-sized and smaller U.S. cities. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion