The Online Investor
Television & Radio M&A image Television & Radio M&A » By The Online Investor Staff, updated Sat., Mar. 6, 9:03 PM Recent mergers and acquisitions in the Television & Radio M&A category.

Slide #20. Cumulus Media Inc. WestwoodOne (f/k/a Dial Global, Inc.)

Acquirer: Cumulus Media Inc. (NASDAQ:CMLS)
Acquiree: WestwoodOne (f/k/a Dial Global, Inc.)
Details: Cumulus Media Inc. (Nasdaq:CMLS) announced today that it has completed the previously announced acquisition of WestwoodOne, Inc. ("WWO"), formerly known as Dial Global, Inc., for $260 million in cash, consisting of approximately $45 million attributable to the equity of WWO and the retirement of $215 million of debt of WWO. Cumulus used cash on hand, including approximately $238 million in cash proceeds from the Company's previously completed sale of 53 radio stations in 12 small and mid-sized markets in November 2013 to Townsquare Media, LLC.

Cumulus Media is a holding company. Through its subsidiaries, Co. is a media and entertainment company. Co. engages listeners with local programming through owned and operated stations across several markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from brands including the NFL, the NCAA, the Masters, the Olympics, the American Country Music Awards, and various partners across affiliated stations through Westwood One. Co. provides advertisers with local impact and national reach through on-air, digital, mobile, and voice-activated media solutions, as well as access to integrated digital marketing services, influencers, and live event experiences.

Open the CMLS Page at The Online Investor »

Company Name: 
Cumulus Media Inc
Television & Radio
Number of ETFs Holding CMLS: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the CMLS Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (3.00 out of 4)
33rd percentile
(ranked lower than approx. 67% of all stocks covered)

Analysts' Target Price:
CMLS Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Television & Radio M&A - Slide 20 of 63 Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.