Cumulus Media Rejects $1.2 BN Buyout Bid After Posting Revenue Jump
In mid-April, reports suggested that Atlanta-based radio-station operator Cumulus Media (NASDAQ: CMLS) was considering a $1.2 billion takeover bid from Connoisseur Media founder Jeff Warshaw. Now, however, Cumulus has formally rejected the “unsolicited” offer. Cumulus […]