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Drudge: Cumulus Frontrunner For ABC Radio Deal
November 14, 2005 at 12:19 PM (PT)
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A headline on the DRUDGE REPORT website says that "CUMULUS is the frontrunner" among bids received for the ABC RADIO spinoff-merger-sale, according to DRUDGE's sources. The long-discussed sale would involve a "reverse Morris trust" deal spinning the stations and networks into a company 50% owned by DISNEY shareholders and 50% owned by the buyer.