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Cumulus Set To Exit Ch. 11 After Beating Plan Objections

By Alex Wolf ( May 1, 2018, 7:54 PM EDT) -- Broadcast radio giant Cumulus Media Inc. is on its way out of Chapter 11 bankruptcy Tuesday after defeating arguments over the value of the company and receiving New York bankruptcy court approval to undertake a restructuring plan that will pass a large majority of ownership to its secured lenders....

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