Cumulus Media Inc. Files Shelf Registration Statement.Business Editors MILWAUKEE--(BUSINESS WIRE)--Jan. 10, 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 ), currently the nation's second largest owner-and-operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today announced that it has filed a shelf registration statement on Form S-3 to sell from time to time up to 10,000,000 shares of its Class A Common Stock. Cumulus Media Inc. plans to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the sale of its securities to fund its pending acquisitions, as well as for other general corporate purposes. 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 clustered in 61 U.S. markets. |
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