ATLANTA, GA November 10, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), will host a conference call on Tuesday, November 14, 2000 at 11:00 AM E.D.T. to review the Company's third 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... [MORE]

 Company announces the following transactions:

    1) Closing of the Connoisseur Communications purchase; 2) Closing on the sale of select markets to Clear Channel; 3) Agreement and initial closing with Clear Channel on a third phase of asset exchanges and sales; and 4) An Amendment to its Senior Credit facility;

ATLANTA, GA October 3, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), today announced the completion of a series of transactions that position the Company to complete its previously announced acquisition pipeline and focus its management team on completing the operational improvements which commenced in the second quarter.

On Monday afternoon, October 2, 2000 Cumulus completed the acquisition of 35 radio station across 9 markets from Connoisseur Communications for $ 257.8 million in cash. This transaction, which has been under contract since November 29, 1999 transfers ownership of the Connoisseur assets in Rockford, IL, Quad Cities, IL and IA, Waterloo-Cedar Falls, IA, Evansville, IN, Flint, MI, Muskegon, MI, Saginaw-Bay City-Midland, MI, Canton, OH, Youngstown-Warren, OH, to Cumulus effective yesterday. Four stations in the Evansville, IN market were immediately sold, and an agreement to sell the five stations in the Muskegon, MI market was reached as described below....[MORE]

$9.3 million Restructuring Charge for Corporate Office Consolidation and Internet Related Businesses

ATLANTA, GA  August  14, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner-and-operator of radio stations, today reported results for the three and six month periods ending 
June 30, 2000.  The quarterly period, as expected, was marked by strong historical growth due to acquisitions, but  negative growth in same-store revenues and cash flows.  For the three months ended June 30, 2000, net revenues increased 36.7% to $62.6 million.  Broadcast cash flow increased 21.0% to $16.4 million.  EBITDA was $ 12.4 million after approximately $1.2 million in non-recurring corporate costs including severance, professional fees, and other miscellaneous corporate expenses...[MORE]

Atlanta, GA  July 25, 2000 -- In a restructuring of its previous agreements, Cumulus Media Inc. (NASDAQ: CMLS) announced today that it will acquire 7 stations in 3 markets from Clear Channel Communications (NYSE: CCU) and, in two stages, will transfer to Clear Channel 55 stations in 10 markets (including 4 stations to be acquired from Connoisseur Communications).  The result of the entire set of transactions will be to generate approximately $166 million in cash to Cumulus, which will provide additional funds for closing Connoisseur and other pending acquisitions...[MORE]

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...[MORE]

MILWAUKEE, June 26, 2000-- Cumulus Media Inc. (NASDAQ:CMLS) announced that it has completed the acquisition of WWKZ (FM), Tupelo, Mississippi.  The Company acquired the station from Broadcasters & Publishers, Inc. for $2.925 million...[MORE]

MILWAUKEE, WI  June 7, 2000 – Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner and operator of radio stations, today announced the appointment of Lewis W. Dickey, Jr. as President and Chief Executive Officer of Cumulus Media.  Mr. Dickey was previously Executive Vice Chairman of Cumulus Media, a Director and President of Cumulus Broadcasting Inc., the Company’s primary operating subsidiary.  The Company also announced the promotion of John W. Dickey to Executive Vice President of Cumulus Media.  He was previously Director of Programming of Cumulus Media and Executive Vice President of Cumulus Broadcasting...[MORE]

Milwaukee, WI  May 18, 2000 -- Cumulus Media Inc. (NASDAQ:CMLS) announced today that it has completed the acquisition of WZNY(FM) serving Augusta, 
Georgia and KFIN(FM), KIYS(FM) and KBTM(AM) serving Jonesboro, Arkansas...[MORE]

New York, NY  May 15, 2000 –  Cumulus Media Inc. (NASDAQ:CMLS) today announced the appointment of Martin R. Gausvik as Executive Vice President, Treasurer and Chief Financial Officer effective May 29, 2000.  A 16-year veteran of the radio industry, Gausvik (43) served as Vice President Finance for Jacor Communications (NASDAQ:JCOR) from 1996 until the merger of the 250 radio station group with Clear Channel Communications (NYSE:CCU) in May 1999.  More recently, he  was Executive Vice President and Chief Financial Officer of Latin Communications Group, operators of 17 radio stations serving major markets in the Western U.S.  Prior to joining Jacor, from 1984 to 1996, Gausvik held various accounting and financial positions with Taft Broadcasting and  including Controller of Taft’s successor company, Citicasters...[MORE]

MILWAUKEE, WI  May 15, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner-and-operator of radio stations, today reported first quarter 2000 results.  The quarterly period was marked by moderate growth in total and same-store revenues.  For the three months ended March 31, 2000, net revenues were $47.7 million.  Broadcast cash flow was $5.4 million.  EBITDA was $0.7 million after $2.0 million of non-recurring expense...[MORE]

New York, NY - Cumulus Media Inc.  (NASDAQ:CMLS) today announced that it had reached agreement to extend the closing of the $242 million acquisition of 37 radio stations in 9 markets from Connoisseur Communications...[MORE]

Milwaukee, WI - Cumulus Media Inc.  (NASDAQ:CMLS) today announced it had engaged KPMG LLP to serve as auditor of the Company’s financial statements effectively immediately...[MORE]

Milwaukee, WI - Cumulus Media Inc. (NASDAQ: CMLS) announced today that it will acquire 11 stations in 4 markets from Clear Channel Communications (NYSE: CCU) and will provide in return 25 stations in 5 markets plus cash...[MORE]

Milwaukee, WI April 25, 2000 – Cumulus Media Inc. (NASDAQ:CMLS) announced that it has completed the acquisition of station KSSM(FM), in Copperas Cove, Texas from Centroplex for 2.75 million...[MORE]

Milwaukee, WI  April 24, 2000  Cumulus Media Inc. (NASDAQ:CMLS) announced today that it will appoint a new firm of accountants to replace PricewaterhouseCoopers LLP (PwC), which has resigned following issuance of an unqualified audit report on Cumulus's 1999 financial statements.  In a filing with the Securities and Exchange Commission, the Milwaukee-based broadcasting group made clear that PwC's resignation was not the result of any disagreement between the Company and PwC on any matter of accounting principles or practices, financial statement disclosure, or audit scope or procedure...[MORE]

Milwaukee, WI April 13, 2000 – Cumulus Media Inc. (NASDAQ:CMLS) announced that it has completed the acquisition of KRUZ(FM), Santa Barbara, California.  The Company acquired the station from Pacific Coast Communications for $10 million...[MORE]

MILWAUKEE, April 11, 2000-- Cumulus Media Inc. (NASDAQ:CMLS) announced that it has completed the acquisition of KOOC(FM), Belton, Texas.  The Company acquired the station from Sheldon Communications, Inc. for $2.75 million...[MORE]

MILWAUKEE, March 31, 2000-- Cumulus Media Inc. (NASDAQ:CMLS) announced that it has completed the acquisition of KYUL(FM), Harker Heights, Texas.  The Company acquired the station from Stellar Radio Group for $2.25 million...[MORE]

MILWAUKEE, WI March 16, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), currently the nation’s third largest owner-and-operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today reported fourth quarter and 1999 results. The quarterly period was marked by solid growth in total and same-store revenues, new market entries, station acquisitions and the completion of major infrastructure and sales force expansion to drive and support growth in 2000 and beyond. The Company also announced that Executive Vice Chairman Lew Dickey was named President of Cumulus Broadcasting, the company’s operating subsidiary, and takes over the reins of the rapidly growing 321 stations in 64 market group effective immediately... [MORE]

MILWAUKEE, WI February 2, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), today announced that it has purchased The AdVisory Board Inc. (TAB), dba The Lytle Organization, the largest sales training company serving the radio broadcasting industry.  TAB will be operated as a wholly owned subsidiary of Cumulus.  TAB and its founder Chris Lytle will provide training services to the Cumulus sales organization, other non-competing broadcasters and the general business market.   The purchase price was undisclosed...[MORE]

MILWAUKEE, WI   January 10, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS), currently the nation’s second largest owner-and-operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements),  today announced that it has filed a shelf registration statement on Form S-3 to sell from time to time up to 10,000,000 shares of its Class A Common Stock...[MORE]

Milwaukee, WI  December 22, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) announced today that the January 1, 2000 dividend on its Series A Cumulative Exchangeable Redeemable Preferred Stock, payable in arrears for the calendar quarter ended December 31, 1999 to holders of record on December 15, 1999, will be made in cash.  The cash dividend will be $34.375 per share, or approximately $3.6 million in total...[MORE]

Milwaukee, WI December 20, 1999 – Cumulus Media Inc. (NASDAQ:CMLS) today announced that it has signed definitive agreements with two sellers to acquire 9 radio stations in 3 media markets in California and Oregon for $51 million in cash.  Pending regulatory approval, Cumulus will own 310 stations in 61 media markets as a result of these and other pending transactions...[MORE]

Milwaukee, WI  November 29, 1999 – Cumulus Media Inc. (NASDAQ:CMLS) today announced that it has signed a definitive agreement to acquire 35 radio stations in 9 Midwestern media markets for $242 million in cash from Connoisseur Communications.  The transaction is Cumulus’ largest to date.  Pending regulatory approval, Cumulus will now own 299 stations in 58 media markets.  The acquisition agreement was inked late last night culminating several weeks of discussions between Cumulus and Connoisseur’s principals, Founder/CEO Jeffrey D. Warshaw, ABRY Broadcast Partners III, L.P., and Tinicum Incorporated...[MORE]

MILWAUKEE, WI  November 8, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), currently the nation’s third largest owner-and-operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today reported third quarter 1999 results marked by significant increases in revenue, broadcast cash flow and margins when compared to the third quarter of 1998...[MORE]

Milwaukee, WI  November 5, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) today announced the acquisition of KFIN-FM, KIYS-FM and KBTM-AM serving Jonesboro, Arkansas from Duke Broadcasting for $26.5 million in cash...[MORE]

MILWAUKEE, September 29, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS),  the Milwaukee-based radio broadcasting group, today announced the closing of two acquisitions involving 11 radio stations in Eau Claire, Wisconsin and Lexington, Kentucky.  The total purchase price was $59.3 million...[MORE]

Milwaukee, WI  September 23, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) today announced the acquisition of the Cape Fear group of 6 North Carolina radio stations for $47 million in cash and stock.    The station group includes WGNI-FM and WMNX-FM (Coast 97.3) in Wilmington and WQSM-FM (Q98), WFNC-FM and AM, and WRCQ-FM (Rock 103.5) in Fayetteville...[MORE]

MILWAUKEE, WI September 17, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS), the nation's third-largest owner and operator of radio stations as ranked by the number of stations owned or pending acquisition, today announced its entry into the Killeen-Temple, Texas media market with the acquisition of four FM radio stations from four sellers for a total of $9.0 million in cash...[MORE]

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...[MORE]

CHATTANOOGA, TN - September 15, 1999 - Cumulus Broadcasting launched WLMX-105.5 FM as ROCK 105, The Rock of Chattanooga, at 1:05 p.m. (E.D.T.)...[MORE]

ORLANDO, FL  September 1, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner and operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today announced that it had agreed to acquire Broadcast Software International (BSI), a Eugene, Oregon-based developer of digital audio software.  Milwaukee-based Cumulus made the announcement at a press conference in Orlando held in conjunction with the National Association of Broadcasters radio convention.  Terms of the acquisition were not disclosed...[MORE]

Cumulus Media Inc. announced today the redemption of certain shares of its Series A Cumulative Exchangeable Redeemable Preferred Stock as of October 1, 1999, in accordance with the terms of its Series A Preferred Stock.  The Company is using a portion of the proceeds of its equity offering consummated on July 26, 1999 to redeem 43,750 shares of its 143,050 outstanding shares of Series A Preferred Stock at a redemption price of $1,137.50 per share, plus accumulated and unpaid dividends up to but not including the date of redemption...[MORE]

(Milwaukee, WI)  Cumulus Media Inc. (NASDAQ:CMLS), the nation’s third largest owner and operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today announced the appointment of Eric Robison to the Company’s Board of Directors.  Robison, age 40, is an executive with Vulcan Northwest Inc. and Vulcan Ventures Inc.  Robison also serves on the boards of CNET.com (NASDAQ:CNET), Liquid Audio Inc. (NASDAQ:LQID), Egghead.com (NASDAQ:EGGS) and San Francisco based Rocket Network...[MORE]

MILWAUKEE, WI July 29, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner and operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today announced that it will standardize its radio stations on non-proprietary digital studio and audio software from Broadcast Software International (BSI) of Eugene, Oregon...[MORE]

MILWAUKEE, July 29, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner-and-operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today reported second quarter 1999 results marked by significant increases in revenue, broadcast cash flow and margins when compared to the second quarter of 1998...[MORE]

MILWAUKEE,  July 22, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner and operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today announced the completion of its follow-on equity offering of approximately 9.7 million shares of its Class A Common Stock at a price of $24.125 per share, raising $233.1 million.  In addition, Cumulus has granted the underwriters an option to purchase up to 1,449,600 shares from the Company for the purpose of covering over-allotments, if any.  There are no selling shareholders.  The Company will receive 100% of the net proceeds from the offering.  Upon completion of the offering, the Company will have approximately 19.4 million shares of its Class A Common Stock outstanding...[MORE]

MILWAUKEE,  June 23, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) announced today that it has acquired nine radio stations from three sellers to establish station clusters in three new markets for an aggregate purchase price of $51 million cash...[MORE]

MILWAUKEE, WI June 21, 1999 – Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner and operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of approximately 8.2 million shares of its Class A Common Stock.  The Company intends to use the net proceeds from the offering to redeem 35% of its 13 ¾% Series A Cumulative Exchangeable Redeemable Preferred Stock due 2009 and to reduce amounts outstanding under its existing senior credit facility.   The Company also intends to use borrowings under a new $225 million senior credit facility being negotiated with its existing lenders to repay the remaining principal amount outstanding under its existing senior credit facility, to finance acquisitions and for general corporate purposes.  There are no selling shareholders.  The Company will receive 100% of the net proceeds from the offering...[MORE]

CHICAGO, June 14, 1999 – Cumulus Broadcasting, Inc. today announced that Rick Shaw has been named Market Manager for its radio stations in Lexington, Kentucky...[MORE]

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...[MORE]

MILWAUKEE, WI  May 10, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner-and-operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today reported first quarter 1999 results marked by significant increases in revenue, broadcast cash flow and margins when compared to the first quarter of 1998...[MORE]

WASHINGTON, April 13, 1999 -- Cumulus Media Inc. Executive Chairman Richard W. Weening told a Senate panel today that “long and uncertain regulatory delays” by the Federal Communications Commission are frustrating the 1996 Telecommunications Act’s intent to strengthen investment, management, and competition in local radio markets...[MORE]

MILWAUKEE, April 7, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) today announced that it has acquired five radio stations in Lexington, Kentucky.  The Company is purchasing WLRO-FM, WLTO-FM, WXZZ-FM, WVLK-FM and WVLK-AM from HMH Broadcasting Inc. for $44.5 million.  Cumulus will begin operating the stations today, under the terms of a Local Marketing Agreement (LMA)...[MORE]

MILWAUKEE, April 6, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) today announced that it plans to enter the Eau Claire, Wisconsin radio market through the purchase of four FMs and two AM radio stations.  The Company plans to purchase WQRB-FM, WATQ-FM, WBIZ-AM/FM and WMEQ-AM/FM from Phillips Broadcasting for a total purchase price of $14.8 million.  Cumulus will begin operating these stations immediately under the terms of Local Marketing Agreement (LMA)...[MORE]

MILWAUKEE (March 30, 1999) - Cumulus Media Inc (NASDAQ: CMLS) today announced that it had selected Interep National Radio Sales to serve as the national accounts sales organization for Cumulus Broadcasting, Inc. and its 220 radio stations.  Under terms of the new agreement effective April 1, 1999, Interep will manage an organization dedicated exclusively to sales for Cumulus.  Cumulus stations serve 42 mid-size media markets throughout the U.S...[MORE]

MILWAUKEE, March 22, 1999 -- Cumulus Media today said today that the Federal Communications Commission has approved the agreement of its subsidiary, Cumulus Broadcasting, Inc., to provide playlist information to the record industry.  The Company also said that recent reports of an FCC investigation into the agreement were false.  "The Federal Communications Commission is not now and never has conducted an investigation into the agreement between Cumulus Broadcasting, Inc. and Jeff McClusky & Associates, Inc.," stated Richard Weening, Executive Chairman of parent company Cumulus Media Inc.  "In fact it is quite the opposite," Weening continued.  "Because of the relatively new rules governing the relationship between record and radio companies, we asked the Commission to review the McCluskey agreement for compliance.  They asked for a small language clarification, which in no way changed our operating practices under the agreement.  We made the language change.  Chuck Kelly, Chief of the Enforcement Division, then advised us that the agreement was in compliance."...[MORE]

MILWAUKEE,  February 17, 1999 -- Cumulus Media Inc. and MTV: MUSIC TELEVISION have joined forces to give one lucky listener a Spring Break to remember aboard MTV’s first-ever cruise ship.  Beginning on February 27th, 25 radio stations in the Cumulus family will kick-off this exclusive MTV Spring Break promotion...[MORE]

MILWAUKEE,  February 16, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS), the nation’s third largest owner and operator of radio stations (based upon the number of stations owned or to be acquired pursuant to pending acquisition agreements), today reported record-breaking increases in revenue, broadcast cash flow and margins for the fourth quarter and the year ended December 31, 1998...[MORE]

MILWAUKEE, February 8, 1999 -- Cumulus Media Inc. (NASDAQ: CMLS) today announced the establishment of a new business unit, Cumulus Wireless Services Inc., which will lease space on its broadcast towers to providers of communications services, particularly the high-growth wireless industry.  Cumulus owns 194 AM and FM broadcast towers in 40 cities and 21 states across the U.S...[MORE]

MILWAUKEE, February 5, 1999 -- Cumulus Media Inc. (NASDAQ:CMLS) today announced that it is entering the Pensacola, Florida radio market through an option to purchase WWRO-FM and WCOA-AM from Coast Radio...[MORE]

MILWAUKEE, January, 25 -- Cumulus Media Inc. (NASDAQ:CMLS), today announced it has completed the acquisition of 10 new radio stations in four markets.  The Company closed on WWZD-FM, WESE-FM, WNRX-AM and WTUP-AM in Tupelo, Mississippi; WKAK-FM, WGPC-AM/FM and WALG-AM in Albany, Georgia; WKXJ-FM in Chattanooga, Tennessee; and WTOS-FM in Augusta-Waterville, Maine.  The total purchase price for the six FM and four AM stations was $12.325 million....[MORE]