Cumulus Media Inc. Announces Third Quarter Earnings Conference Call.

Business Editors

ATLANTA--(BUSINESS WIRE)--Oct. 18, 2001

Cumulus Media Inc. (NASDAQ: CMLS), will host a conference call on Thursday, November 8, 2001 at 11:00 AM E.S.T. to review the Company's third quarter financial results, which will be released prior to the call, together with an update of financial and operational developments.

The call will be open to the general public on a listen only basis.

The conference call dial in number is [phone] for domestic calls and [phone] for international calls. The PIN code 44930 is for both domestic and international calls. Please call ten minutes in advance to ensure that you are connected prior to the presentation.

Approximately two hours after completion of the call, a replay can be accessed until November 12, 2001. Domestic callers can access the replay by dialing [phone]. International callers may access the replay by dialing [phone].

Cumulus Media Inc. is the parent company of Cumulus Broadcasting Inc., which along with its other subsidiaries, owns and operates station clusters in mid-size markets. Cumulus is the second largest U.S. radio operating company based upon the number of stations owned or operated.

We hope you will be able to join the conference call. For any additional information, or to receive future Company news announcements, contact Bettina Martin at [phone].