Television & Radio M&A » By The Online Investor Staff, updated Sat., Mar. 6, 10:36 PM
Recent mergers and acquisitions in the Television & Radio M&A category.
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Slide #33. Cumulus Media Inc. — Significant Stake in Rdio
Acquirer:
Cumulus Media Inc. (NASDAQ:CMLS)
Acquiree:
Significant Stake in Rdio
Details:
Cumulus Media Inc.(Nasdaq:CMLS) and Rdio announce a powerful content, promotion and advertising partnership that provides listeners with a one-stop solution for their audio needs while offering advertisers new opportunities to engage with consumers.
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.
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Avg. Broker Rec.
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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 |
