CUMULUS NEWS RELEASE
MAR 30, 1999
CUMULUS APPOINTS INTEREP FOR
NATIONAL ACCOUNTS
MILWAUKEE (March 30, 1999) - Cumulus Media Inc (NASDAQ: CMLS) today
announced that it had selected Interep National Radio Sales to serve as
the national accounts sales organization for Cumulus Broadcasting, Inc.
and its 220 radio stations. Under terms of the new agreement effective
April 1, 1999, Interep will manage an organization dedicated exclusively
to sales for Cumulus. Cumulus stations serve 42 mid-size media markets
throughout the U.S.
“Interep was selected following a year-long trial period,” said Bill
Bungeroth, President of Cumulus Broadcasting. “We are pleased with
their professionalism, and we look forward to the sales focus that they
will bring to the Cumulus Broadcasting radio stations on a National level.”
Ralph Guild, Chairman of Interep said, "Having worked with some of the
Cumulus stations over the past several months we are convinced that their
strategy will grow radio's share of ad revenue in the markets they serve.
We are thrilled to be their exclusive radio sales organization."
Cumulus Media Inc. is a radio broadcasting company focused on the acquisition,
operation, and development of radio stations in mid-sized and smaller U.S.
cities. It is the nation’s third largest radio group in terms of
number of stations.
Contact: Suzanne Duecker, 414-615-2800
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