DALLAS — Cumulus Media, which owns several iconic Dallas-Fort Worth radio stations, filed for bankruptcy, company officials said.
The company announced on March 5 that it will enter into an agreement with its lenders to eliminate $600 million in debt, Cumulus Media said in a press release. Bankruptcy proceedings will not impact the company’s operation, and there will be no impact on employees, partners, or listeners, the release states.
Cumulus owns The Ticket, The Wolf, WBAP, KLIF, New Country, and Classic Country, according to the company’s website…