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Cumulus Expects May Close On Susquehanna Deal
April 12, 2006 at 3:36 PM (PT)
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CUMULUS MEDIA INC. said on WEDNESDAY (4/12) that it expects to close on the purchase of the SUSQUEHANNA radio stations by MAY. The $1.2 billion deal will transfer the SUSQUEHANNA stations to CUMULUS MEDIA PARTNERS, which includes CUMULUS MEDIA, BAIN CAPITAL, THE BLACKSTONE GROUP, and THOMAS H. LEE PARTNERS, and CUMULUS MEDIA will manage the stations for the new entity.

