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CUMULUS NEWS RELEASE
CUMULUS MEDIA INC. Conference Call
ATLANTA, GA November 19, 2001 -
Cumulus Media Inc. (NASDAQ: CMLS), will host a conference call on Tuesday,
November 20, 2001 at 2:00 PM E.S.T to discuss its announced acquisitions of
1) Aurora Communications, LLC, a radio station operator with eighteen stations
in Connecticut and New York, and 2) DBBC, LLC, an entity which operates three
stations in Nashville, TN.
The call will be open to the public on a listen only basis.
The details for conference call are as follows:
Date: Tuesday, November 20, 2001
Call-In Time: 2:00 P.M. EST
Conference Call Number: (888) 604-9361
Passcode: Cumulus
Call Host: Lewis W. Dickey, Jr., Chairman and CEO
Replay Number: (800) 873-2086 for domestic callers and (402)
220-5060 for international callers
Replay Available Through: November 23 until 4:30 p.m. EST
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 (678) 732-2071.
Securities Law Legends: Cumulus Media will be filing a proxy
statement and other relevant documents concerning these transactions with the
Securities and Exchange Commission (the "SEC"). We urge investors to
read the proxy statement and any other relevant documents that will be filed
with the SEC, because they will contain important information about the proposed
transactions. Investors will be able to obtain the documents (when available)
free of charge at the SEC's web site, www.sec.gov. In addition, documents filed
with the SEC by Cumulus Media will be available free of charge by requesting
them in writing from Cumulus Media Inc., 3535 Piedmont Road, NE, Building 14,
14th Floor, Atlanta, Georgia 30305, Attention: Secretary, or by telephone at
(404) 949-0700. Cumulus Media and its directors and executive officers may be
deemed to be participants in the solicitation of proxies from Cumulus Media
shareholders. You can obtain more information about Cumulus Media's directors
and executive officers, and their beneficial interests in Cumulus Media's common
stock, from filings made with the SEC, which are available at the SEC's web
site, www.sec.gov. Information about the interests of the directors and
executive officers in these transactions will be contained in the proxy
statement when it becomes available.
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For further information please
contact:
Lew Dickey (404) 949-0700,
Marty
Gausvik (404) 949-0700
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