Cumulus Media Files for Chapter 11 as Radio Giant Moves to Cut Massive Debt

Cumulus v. Nielsen Is Put on Hold

The judge in the court fight between Cumulus and Nielsen has put the case on hold. U.S. District Judge Jeannette Vargas has issued a stay in “Cumulus Media New Holdings Inc. v. The Nielsen Company (US) LLC” in light of the announcement that Cumulus has filed for Chapter 11 bankruptcy reorganization to relieve its debt burden. Her stay affects claims by Cumulus against Nielsen, as well as Nielsen’s counterclaims. She instructed the companies to g…

Has Cumulus’ Bankruptcy and Privatization Plan Killed Nielsen Cass?

One of the most consequential legal battles in recent radio history is now on ice, and when, or if, it ever resumes is far from certain. A federal judge has stayed the entire Cumulus Media antitrust lawsuit against Nielsen following Cumulus’s filing for Chapter 11 bankruptcy. Federal District Judge Jeannette A. Vargas issued the order one week after news broke about Cumulus’s prepackaged proceedings in the Southern District of Texas. Nielsen’s c…

Cumulus-Nielsen Fight Goes Dark as Bankruptcy Stay Takes Hold

One of the most consequential legal battles in recent radio history is now on ice, and when, or if, it ever resumes is far from certain. A federal judge has stayed the entire Cumulus Media antitrust lawsuit against Nielsen following Cumulus' filing for Chapter 11 bankruptcy.

Cumulus Media Files for Chapter 11 as Radio Giant Moves to Cut Massive Debt

In a dramatic turn for one of America’s largest radio broadcasters, Cumulus Media has filed for bankruptcy protection, seeking a financial reset as traditional radio faces relentless pressure from digital competitors. The Atlanta-based company — which operates nearly 400 AM and FM radio stations across the United States — confirmed it filed for Chapter 11 Cumulus Media files for chapter 11 to cut $697M debt amid radio industry pressure and losses