Cumulus Media
Cumulus Media, Inc. (and its operating subsidiary, Cumulus Broadcasting) is the second largest owner and operator of AM and FM radio stations in the United States, behind Clear Channel Communications, operating 570 stations in 150 markets as of September 16, 2011. The company also owns Cumulus Media Networks. Cumulus's headquarters are located in Atlanta, Georgia.
Cumulus' original business plan focused exclusively on owning radio stations located in medium sized media markets, and Cumulus Media only owns terrestrial radio stations in the United States; rival Clear Channel Communications owns satellite radio channels on Sirius XM Radio's XM Satellite Radio platform as well as Clear Channel Outdoor and Clear Channel International. Unlike some other radio broadcast companies, Cumulus does not own any TV stations, concert venues, or other ancillary businesses. However, in September 2010, the company publicly announced a deal to manage the operations of Modern Luxury Media, a magazine publishing business acquired by partners Dickey Publishing and Macquarie Capital.
Read more about Cumulus Media: Company History, FCC Actions
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