News

Cumulus Media has announced a "modified Dutch auction" tender offer to purchase up to $25 Million of shares of its Class A common stock. The offer is at a price not greater than $16.50 and not less than $14.50 per share of Class A common stock, to the tendering shareholder in cash.

SoundExchange and VEVA Sound have created a partnership designed to increase the accuracy and efficiency of royalty payments. Using cloud-based technology the partnership will make it easier for creators registered with SoundExchange to receive the royalties to which they are entitled.

“Wheel Woman,” tells the true story of Georgia Durante, and her transformation from a mob family getaway driver to the Hollywood's first female stunt driver. The new iHeartRadio original podcast drops on Thursdays.

Jon Zaghloul is the new sports director for AM 1530 WCKG Chicago. Zaghloul will continue to host his weekend program, “Sports Talk Chicago”.

Jason Ginty is the new PD for Cumulus owned WZRH-FM/Alt 92.3 and WRKN-FM/NASH Icon Country 106.1 in New Orleans, and WRQQ-FM/Classic Hits 103.3 in Baton Rouge.

David Shantz is the new Director of Engineering for Family Radio. Shantz joins Family Radio from Burk Technology where he was Product Manager. He will oversee more than 65 Family Radio sites across the country.

Lazer 99.3 & 98.5 (WLZX FM) will debut Toucher & Rich on May 9th. The show has been regionally syndicated since October 2021 and originates from WBZ-FM in Boston.

The Atlanta Journal Constitution's Rodney Ho is reporting that the Georgia Radio Hall of Fame is ending its inductions, and ceremony. The Hall opened in 2007 and includes Georgia radio stars such as Neal Boortz, Clark Howard, Don Sutton and Bert Weiss.

The National Association of Broadcasters Leadership Foundation will honor GEICO with the 2022 Corporate Leadership Award during the 2022 Celebration of Service to America Awards. The award will be presented on Tuesday, June 7, 2022, at an in-person, black-tie Celebration of Service to America Awards ceremony in Washington D.C.

Cumulus CEO Mary Berner said Wednesday morning that the company turned in strong first quarter results, experienced robust revenue growth, has the best company balance sheet in a decade and is solidly in growth mode.