CUMULUS NEWS RELEASE

CUMULUS MEDIA INC. First Quarter Earnings Conference Call

ATLANTA, GA April 27, 2001 -- Cumulus Media Inc. (NASDAQ: CMLS), will host a conference call on Tuesday, May 8, 2001 at 11:00 AM E.D.T. to review the Company's first quarter financial results, which will be released prior to the call, together with an update of financial and operational developments. The call will be open to the general public on a listen only basis.

The conference call dial in number is (801) 303-7410 for both international and domestic calls. Please call five to ten minutes in advance to ensure that you are connected prior to the presentation.

Approximately two hours after completion of the call, a replay can be accessed for seven business days. Domestic callers can access the replay by dialing (800) 839-0860. International callers may access the replay by dialing (402) 220-1490 and using 1249 as the PIN code.

Cumulus Media Inc. is the parent company of Cumulus Broadcasting Inc., which along with its other subsidiaries, owns and operates station clusters in mid-size markets. Cumulus is the second largest U.S. radio operating company based upon the number of stations owned or operated.

We hope you will be able to join the conference call. For any additional information, or to receive future Company news announcements contact Bettina Martin at (404) 949-0700.

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For further information please contact: 


Lew Dickey (404) 949-0700, 

Marty Gausvik (404) 949-0700


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