JULY 21, 2000

CUMULUS ACQUIRES FAYETTEVILLE, NC STATION, Station WKQB (FM) purchased for 6.15 million
 

Milwaukee, WI  July 21, 2000 -- Cumulus Media Inc. (NASDAQ:CMLS) announced that it has entered into an agreement to acquire the assets of Fayetteville, North Carolina’s radio station WKQB for $6.15 million from Muirfield Broadcasting, Inc. 

WKQB-FM 106.9, known as “B107” with a classic rock format, is one of the four FM stations programmed by Cumulus in the Fayetteville radio market. With a combined population of 405,000, Cumberland and Robeson counties make up the listening radio market.  This market is ranked the 126th largest in the U.S. by The Arbitron Company. 

Cumulus will immediately assume responsibility for programming the station under terms of a local marketing agreement, pending approval of the transaction by the Federal Communications Commission.  
 
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 305 radio stations in 60 U.S. media markets.  The Company commenced operations May 22, 1997.
 

Contact:
Peggy Bunker, (414) 615-2802
 

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