Cumulus to buy Citadel for $2.5bn
Two of the largest radio station operators in the US are to combine, with Cumulus Media agreeing to buy Citadel Broadcasting for $2.5 billion. The deal will bring together almost 600 radio stations in 120 markets across the country, giving Cumulus a presence in eight of the top 10 markets. Cumulus chief executive Lew Dickey […]


