Cumulus Media, Inc. (also known as Cumulus Broadcasting) is a large owner of radio stations in small and medium markets in the United States with 266 stations in 56 areas as of December 31, 2003. Another 35 stations were operated through local marketing agreements as of March 1, 2004. Based in Atlanta, Georgia, the company is in a distant second place in the country behind Clear Channel Communications. Cumulus is traded on Nasdaq with the symbol CMLS. A radio station is a sound broadcasting service. ... December 31 is the 365th day of the year (366th in leap years) in the Gregorian Calendar. ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS PENIS... March 1 is the 60th day of the year in the Gregorian calendar (61st in leap years). ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Atlanta is the capital and largest city of Georgia, a state of the United States of America. ... This article is about the company. ... NASDAQ MarketSite (Times Square, New York City) at night NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations) is a U.S. electronic stock market. ...
On October 31, 2005, the Cumulus Media announced the aquisition of Suquehanna. As of November 14, 2005, Drudge is reporting they are in the lead to aquire stations owned by ABC/Disney.
CumulusMedia was established in 1997 and based on its current number of stations, it is the second largest broadcasting company.
CumulusMedia is dedicated to the simple and traditional notion that consistently high-quality programming provides a solid foundation for building successful relationships with both listeners and advertisers.
CumulusMedia embraces the vital communications role which all local media must play in the life of the community and the obligation to be responsive to listener preferences and the advertiser need for a quality service at a competitive price.
Between January 1999 and March 2000, Defendant CumulusMedia Inc. (Cumulus) and certain of its officers engaged in two separate schemes to artificially inflate Cumulus' financial condition that was reported to the investing public and filed with the Commission.
Cumulus' traffic scheduling system, however, was designed principally to record revenue from on-air advertisements and could not generally calculate the amount of revenue generated by the sale of non-radio advertisements.
Cumulus' internal accounting controls over revenue recognition only required that the individuals who entered information from advertising contracts into Cumulus' traffic scheduling system inform their managers about any advertising contracts that looked "odd." These individuals were not given instruction as to what contracts should be considered "odd" and thus, could not make such a determination.
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