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Cumulus Media sells 53 radio stations in 12 U.S. cities to Townsquare Media for $238 million

November 2013

Client(s) Cumulus Media Inc.

Jones Day advised Cumulus Media Inc. in the $238 million sale of 53 radio stations in 12 small and mid-sized markets to Townsquare Media, LLC and swap of 15 radio stations in two small and mid-sized markets in exchange for five stations in Fresno, California.

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