Everything about Cumulus Media totally explained
Cumulus Media, Inc. (also known as
Cumulus Broadcasting) is a large owner of
radio stations in markets in the
United States. Founded 1997 in
Milwaukee, WI and now based in
Atlanta, Georgia, the company is in a distant second place in the country behind
Clear Channel Communications, in terms of number of stations owned. The major shareholders of the company belong to the Dickey family.
Cumulus had 307 stations in 61 markets as of
December 31,
2005. Another 35 stations were operated through
local marketing agreements as of
March 1,
2004.
The company's biggest purchase would come in October
2005 with their purchase of
Susquehanna Radio, giving Cumulus sizeable groups in large markets for the first time in its existence.
In its 30 September 2007 report, Cumulus Media Inc. claimed to be the second-largest radio company in the United States based on station count with Cumulus and its partners in Cumulus Media Partners, owning and/or operating 344 radio stations in 67 U.S. media markets. With Clear Channel exiting the television business, however, Cumulus is now the third-largest media company focused only on radio, behind
Clear Channel Communications and
Entercom.
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