Home Login
Subscribe
Subscribe Online Renew Subscription Subscribe By Mail/Fax Free Ten Day Trial Subscription Info Buy Radio Station Data
RADIO ONLINE
Advertise
Buy Advertising Online Ad Package Information Ad Package FAQs Ad Control Panel Ad Setup Wizard
RSS Facebook
Daily News
Changes & Moves
Top News
Business News
FCC Daily Digests
FCC News
Newsletters
Report News
RSS
Advertisement

Cumulus Completes Discounted Prepayment of Loan Facility


Cumulus Media
Cumulus Media

Cumulus Media has completed a discounted prepayment of a portion of its $1.3 billion senior secured term loan facility due May, 2022. The company purchased $50.2 million of term loans under the Facility for $50 million, a discount to par value of 0.40%. The transaction closed on October 11 and was funded with cash from operations.

Cumulus will recognize a one-time non-operating gain of approximately $0.2 million in its fourth quarter 2018 earnings, and the company's annual interest expense will be reduced, as a result of this transaction.

Advertisement

Latest Radio Stories

Radio Hall of Fame Announces 2025 Legends Inductees
Radio Hall of Fame
Radio Hall of Fame
The Museum of Broadcast Communications today announced eight posthumous "Legends" selections to the Radio Hall of Fame, honoring on-air talent, programmers, executives and innovators whose contributions helped shape the medium. They'll be inducted in a ceremony on Thursday, October More

Connoisseur Ups Sales Leadership Across CT & Long Island
Connoisseur Media
Connoisseur Media
Connoisseur Media announced a series of sales leadership promotions aimed at unifying its Connecticut and Long Island operations. Stu Gorlick is promoted to VP of Sales for Connecticut and Long Island. Gorlick has led the Connecticut team on and off for nearly two decades. His career includes roles as More

Zimmer Launches ''93.7 The Stage'' Country in Springfield
KZMO-FM (93.7 The Stage) in Springfield MO
KZMO-FM (93.7 The Stage) in Springfield MO
Zimmer Midwest Communications has launched KZMO-FM to a new Country format as "93.7 The Stage," targeting listeners in the Springfield market. Licensed to Fair Grove, MO, the station touts a renewed FM signal and fresh branding aimed at the "Heart of the Ozarks." Positioned as a "Today's New Country" More
Advertisement

WFAN Partners with Jomboy for Weekly Yankees Show
Talkin' Yanks
Talkin' Yanks
Sports WFAN-AM & FM/New York has announced a strategic partnership with creator-led digital sports company Jomboy Media to bring its content to broadcast radio for the first time. Beginning Saturday, September 13 at 2pm ET, WFAN will air a weekly one-hour program featuring highlights from Jomboy Media's More

Kira Lew Joins Mix 104.1 Boston as Midday Host
Kira Lew
Kira Lew
Hot AC WWBX (Mix 104.1) has named Kira Lew as its new midday host, filling the slot vacated by Erin O'Malley following Audacy's March layoffs. Lew returns to Boston radio after departing mornings at Townsquare Media Country WOKQ in Portsmouth, NH in July to relocate for her husband's work. She spent nine More

NPR Names Thomas Evans as Editor in Chief
Thomas Evans
Thomas Evans
NPR appoints Thomas Evans as Editor in Chief and Marta McLellan Ross as Chief of Staff. Evans will oversee NPR's global newsroom, shaping editorial standards and coverage across broadcast, digital, and emerging platforms. He most recently served as Managing Editor, Editorial Review, where he led an Editorial More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement

Follow us on:

 RSS Facebook

Copyright © 1989-2025 RADIO ONLINE ®

Airchecks Databases Jobs Newsletters Promotions Radio News Ratings Show Prep Advertise Submissions Subscribe Contact Us