TRN Settles With Cumulus Over Suit Against Dial Global/Westwood One
March 7, 2014 at 4:33 PM (PT)
TALK RADIO NETWORK (TRN COMPANIES) and CUMULUS MEDIA have reached a settlement of TRN's lawsuit over claims of unpaid advertising revenues and unfair competition filed against DIAL GLOBAL, predecessor owner of CUMULUS' WESTWOOD ONE. The settlement's terms are undisclosed.
CUMULUS Pres./CEO LEW DICKEY said, “While CUMULUS MEDIA had no role in the lawsuits filed by TRN COMPANIES, we are pleased to resolve these claims and move forward together. We remain supportive of each other and are optimistic for the future."
TRN CEO MARK MASTERS said, "We are pleased to 'turn the page' with the new owners of WESTWOOD ONE and have put past issues behind us. As we build bridges together, we look forward to a mutually beneficial future working with our affiliated stations, customers, LEW and JOHN DICKEY and CUMULUS MEDIA."