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  September 5, 2001
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Home > Company Index > Media > Radio Broadcasting & Programming > Cumulus Media Inc.

Cumulus Media Inc.
Nasdaq: CMLS
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 PROFILE
Cumulus Media reigns over an empire of radio stations. The company is the #2 radio station ownership group in the US (behind Clear Channel) with more than 180 stations serving about 45 small and midsized markets. (Pending acquisitions will increase its portfolio to 225 stations.) Its stations program a variety of formats, from music to talk radio. In each of its markets, Cumulus has built clusters of stations that share administrative and sales operations. Local and regional advertising accounts for nearly 90% of its revenue. Cumulus was formed in 1997 to capitalize on loosened ownership rules in the Telecommunications Act of 1996. Co-founder and executive chairman Richard Weening has about 41% voting control.

 COMPETITION
Citadel Communications Corporation (dossier)
Clear Channel Communications, Inc. (CCU)
Infinity Broadcasting Corporation (dossier)

 DEALS
Deal: Cumulus Media Buys Digital Software Maker
Date Announced: 09.01.99
Value of transaction (US $Mil): 0
Description: Radio station operator buys developer of digital audio software.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 225.90
1-Yr. Sales Growth: 25.5%
Employees: 2,700
Revenue per employee: $83,666.67

 KEY PEOPLE
• Lewis W. Dickey
    CEO
• Martin R. Gausvik
    CFO

 CONTACT INFO
3535 Piedmont Rd.
Atlanta, GA 30305
US
Phone: 404-949-0700
Fax: 404-949-0740
Online: Web Site

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