Cumulus Reorganization Plan Names New Board Members

New Board Proposed

A "plan supplement" filed by CUMULUS MEDIA in U.S. Bankruptcy Court shows the company's new board and officers under the company's reorganization plan. The new board is headed by President/CEO MARY BERNER, with INNOVATUS CAPITAL PARTNERS partner and former UNIVISION executive ANDY HOBSON; investor and former GOLDMAN SACHS mergers and acquisitions head DAVID BAUM; former SHOWTIME NETWORKS Chairman MATTHEW C. BLANK; EL DORADO CAPITAL CEO and former TIME WARNER CABLE director THOMAS H. CASTRO; former TIME WARNER CABLE executive JOAN HOGAN GILLMAN; and FTI CONSULTING Senior Managing Director BRIAN KUSHNER.

The plan is scheduled to be subject to a confirmation hearing before Judge SHELLEY E. CHAPMAN on THURSDAY, APRIL 12th in NEW YORK; objections must be filed by FRIDAY, MARCH 23rd at 4p (ET). The full plan is available here.

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