Cumulus Media to Appoint New Auditors Following Overstatement of Earnings, Says the Pomerantz Firm.

Business Editors & Legal Writers

NEW YORK--(BUSINESS WIRE)--April 25, 2000

The following is an announcement by the law firm of Pomerantz Haudek Block Grossman & Gross LLP:

Cumulus Media, Inc. ("Cumulus" or the "Company") (NASDAQ:CMLS) announced on April 24, 2000 that the Company would be appointing a new firm of accountants to replace their previous auditors, PricewaterhouseCoopers, which had resigned after the issuance of an unqualified audit report on Cumulus' 1999 financial statements.

Previously, Cumulus was alleged to have issued a series of false and misleading statements during the period between May 11, 1999 and March 14, 2000, inclusive (the "Class Period") in which the Company led the market to believe that they were experiencing record growth while its earnings were not increasing in the amounts represented. These misrepresentations were due to the improper allocation of revenue and expenses for contract sales in violation of Generally Accepted Accounting Principles ("GAAP"), according to allegations in a complaint filed by Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) on behalf of all those who purchased the common stock of Cumulus during the Class Period.

If you purchased Cumulus common stock during the Class Period, you have until May 16, 2000 to ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions, please contact Andrew G. Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or (888) 4-POMLAW), toll free, or at [e-mail] by e-mail. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.