FCC Grants Cumulus Bankruptcy Emergence Plans, With Promises

FCC Approves Cumulus Media’s Chapter 11 Reorganization

Credit: Thomas Fuller/SOPA Images/LightRocket via Getty Images The Federal Communications Commission has approved Cumulus Media’s reorganization following its Chapter 11 filing earlier this year.  As part of Cumulus’ appeal, President and CEO Mary Berner wrote to FCC Chairman Brendan Carr last week and pledged that the company will maintain existing newsroom staffing levels for at least two years. The commission approved Cumulus’ application Mon…

FCC OKs New Cumulus Owners; Berner Pledges Newsroom Stability

Cumulus Media has cleared its biggest remaining hurdle to exiting bankruptcy. The FCC has granted the broadcaster's applications to transfer control of its licenses to its new shareholders, following a pledge from CEO Mary Berner that newsroom staffing will hold steady.

FCC Grants Cumulus Bankruptcy Emergence Plans, With Promises

The FCC has granted Cumulus Media‘s petition for reorganization under a voluntary Chapter 11 filing that received a federal bankruptcy judge’s approval in mid-April. To get the Carr Commission’s sign-off on the plan, the company today reportedly agreed to a pledge to retain newsroom staff — for 24 months, at least. Please Login to view this content. (Not a member? Join Today!)

FCC Chairman Carr Protects Radio Jobs as Cumulus Media’s Reorganization Gains Agency Approval

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