Oaktree Buys Shares In Cumulus Media
October 21, 2011 at 4:53 AM (PT)
An SEC filing by OAKTREE CAPITAL MANAGEMENT LP shows that the investment firm has purchased 3,985,983 shares of CUMULUS MEDIA stock, giving OAKTREE a position currently valued at $11,320,192 in the radio operator.
OAKTREE holds the controlling interest in TOWNSQUARE MEDIA and TRITON DIGITAL and has significant interests in cable operators CHARTER COMMUNICATIONS, TIME WARNER CABLE and COMCAST as well as the WASHINGTON POST. It is also one of several creditors of TRIBUNE CO.