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CUMULUS NEWS RELEASE MAY 25, 1999 CUMULUS MEDIA DONATES FM STATION TO MAINE PUBLIC BROADCASTING MILWAUKEE, May 25, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS), the nation's third largest owner-and-operator of radio stations, today announced that it has donated WHQO-FM, based in Skowhegan, Maine, to Maine Public Broadcasting. WHQO-FM reaches a population of approximately 120,000 listeners throughout the southern part of Somerset County and the northern part of Kennebec County. This includes the communities of Skowhegan, Madison, Norridgewock, Fairfield, Clinton, Winslow, Oakland and Waterville. "One of the benefits of radio consolidation is that it creates opportunities for signals which can offer strong niche programming," said Richard Weening, Executive Chairman of Cumulus Media Inc. "We are pleased to be able to assist Maine Public Broadcasting in carrying out its mission of serving radio listeners across the State of Maine." Cumulus already owns WTOS-FM and had agreed to acquire WHQO-FM as well as WCTB-FM and WSKW-AM from Mountain Wireless, Inc. Cumulus will transfer the rights to WHQO-FM to Maine Public Broadcasting under the agreement announced today. "We are grateful to Cumulus Media for its decision to donate WHQO-FM to our organization," said Rob Gardiner, President of Maine Public Broadcasting. "The strong signal of WHQO-FM will greatly expand our ability to fulfill our mission: to serve the people of Maine with public radio programming." "The donation of this station will enable Maine Public Broadcasting to expand its service area and offer its outstanding programming to more people in our state,” said Congressman John Baldacci (D). “Through this donation, Maine residents in the Kennebec and Somerset county areas will have improved access to the news, information and entertainment programs presented on public radio." "I congratulate Cumulus Media and Maine Public Broadcasting on today’s announcement,” said Congressman Tom Allen (D). “The addition of WHQO-FM will make Maine Public Radio’s truly outstanding programming available to more households in central and western Maine.” Cumulus Media is the parent company of Cumulus Broadcasting, Inc., which along with its other subsidiaries, owns and operates radio station clusters in mid-size markets. Assuming the completion of all pending acquisitions, Cumulus Media will own and operate 237 radio stations in 44 U.S. media markets. The Company commenced operations May 22, 1997. This news announcement contains certain forward-looking statements that
are based on current expectations and involve certain risks and uncertainties
within the meaning of the U.S. Private Securities Litigation Reform Act
of 1995. Key risks are described in the Company's reports filed with
the U.S. Securities and Exchange Commission. Accordingly, the Company's
actual performance may vary from that stated or implied herein.
Contact: Peggy Bunker, 414-615-2800
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