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Cumulus Media

Cumulus Media
Company nameCumulus Media
Company typePublic (Nasdaq - CMLS)
IndustryEntertainment
Founded1997
HeadquartersAtlanta, Georgia
Key peopleLewis W. Dickey, Jr., CEO, Chairman, & President
ProductsRadio
Revenue$243,922,000 (2007-09-30)
Employees3,400 full time (prior to Citadel Broadcasting merger)

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Cumulus Media, Inc. (and its operating subsidiary, Cumulus Broadcasting) is the second largest Owner and Operator of AM and FM radio stations in the United States, behind Clear Channel Communications, operating 570 stations in 150 markets as of September 16, 2011. The company also owns Cumulus Media Networks. Cumulus's headquarters are located in Atlanta, Georgia.

Cumulus' original business plan focused exclusively on owning radio stations located in medium sized media markets, and Cumulus Media only owns terrestrial radio stations; rival Clear Channel Communications owns satellite radio channels on Sirius XM Radio's XM Satellite Radio platform. Unlike other radio broadcast companies, they do not own any TV stations, concert venues, or other ancillary businesses. However, in September 2010, the company publicly announced a deal to manage the operations of Modern Luxury Media, a magazine publishing business acquired by partners Dickey Publishing and Macquarie Capital.


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