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CUMULUS NEWS RELEASE SEP 16, 1999 CUMULUS MEDIA OPTIONS 2 GREEN BAY STATIONS, NOW OPERATES 5 STATIONS IN THE MARKET MILWAUKEE, WI September 16, 1999 -- Cumulus Media Inc.(NASDAQ:CMLS) today announced it has entered into an agreement with Green Bay Broadcasting Company which grants Cumulus a 3 year option to purchase their radio stations WQLH-FM and WDUZ-AM. Cumulus assumes programming responsibility for the stations effective today. Cumulus now operates 5 stations in the Green Bay market including WXWX-FM, WJLW-FM and WOGB-FM. Cumulus is the nation’s third largest broadcaster with 251 stations in 46 U.S. markets and the Caribbean. “This completes our station group in Green Bay with two excellent, heritage radio stations that have served the community with distinction for many years,” said Richard Weening, Cumulus Executive Chairman. “Green Bay is a great market for us so we are very pleased to expand our presence there.” Green Bay Broadcasting Company was formed in 1947 by veteran broadcaster Ben A. Laird when it went on air with WDUZ-AM. In 1967, Laird launched WQLH-FM. During its 52-year history, the Laird properties have been continuously under Laird family control and among the leading stations in the Green Bay Radio market. Ben A. Laird operated the stations until his death in 1981. Since 1981, his son William Laird, president, has been running the stations. Ben A Laird was a well-known broadcaster in the Fox Valley before starting WDUZ. He was best known as the radio voice of Oshkosh"s professional basketball team, the All Stars, Mr. Laird was the first person inducted into the Wisconsin Broadcaster's Hall of Fame. Cumulus Media Inc., based in Milwaukee, is a radio broadcasting company focused on the operation of radio stations in mid-sized communities throughout the U.S. 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:
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