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CBS Creates National Sports Radio Unit

By THE DEADLINE TEAM | Thursday June 21, 2012 @ 3:00pm PDTTags: CBS Corp, CBS Sports Radio, Cumulus Media

CBS Corp said today that it is forming CBS Sports Radio, a 24-hour, seven-day-a-week lineup of national programming from CBS Radio and CBS Sports that will debut January 2, 2013. CBS Sports-branded hourly updates will kick off on affiliate stations beginning September 4. Cumulus Media will be the network’s exclusive syndicator and sales partner to secure affiliate agreements and ad sales with radio stations nationwide through Cumulus Media Networks. In addition, Cumulus will make CBS Sports Radio programming available on 67 of its owned stations. That puts the new programming in nine of the nation’s top 10 markets at launch, with a cumulative audience reach at debut close to 10 million listeners.

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Media Stocks Suffer As Investors Fear Ad Sales Will Weaken

By DAVID LIEBERMAN, Executive Editor | Monday October 3, 2011 @ 2:49pm PDTTags: CBS, Coinstar, Comcast, Crown Media, Cumulus Media, Disney, Entercom, LIN TV, Live Nation, News Corp, Pandora Media, Radio One, Regal Entertainment Group, Sony, Time Warner Cable, Viacom, Westwood One, Yahoo

The Dow Jones U.S. Media Index was down 3.5% today while the DJ Industrial Average was off 2.4% — and Goldman Sachs may have contributed to the imbalance: It downgraded the entertainment sector today to “neutral” from “attractive” … Read More »

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Media Stocks Slammed Amid Concerns Of A Double-Dip Recession

By DAVID LIEBERMAN, Executive Editor | Thursday September 22, 2011 @ 4:49pm PDTTags: Barnes & Noble, CBS, Coinstar, Comcast, Cumulus Media, Disney, IMAX, Live Nation, Martha Stewart Living Omnimedia, News Corp, Sirius XM Radio, Sony, The New York Times, Time Warner, Viacom, Westwood One

Media stocks suffered along with just about everyone else today after the Federal Reserve stirred recession fears by reporting “significant downside risks to the economic outlook” — and World Bank President Robert Zoellick warned that global economies are in … Read More »

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FCC OKs Cumulus-Citadel Merger

By THE DEADLINE TEAM | Wednesday September 14, 2011 @ 4:24pm PDTTags: Cumulus Media, FCC

UPDATE, THURSDAY AM: Citadel stockholders approved the merger with Cumulus this morning, the last hurdle in the process. The deal is set to close Friday.

ATLANTA & LAS VEGAS–(BUSINESS WIRE)–Cumulus Media Inc. (“Cumulus Media”) (NASDAQ: CMLS) and

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