Cumulus Acquires Weswoodone For $260M in Cash
December 12, 2013 at 17:37 PM EST
Cumulus Media (Nasdaq: CMLS ) announced today that it has completed the previously announced acquisition of WestwoodOne, Inc. ("WWO"), formerly known as Dial Global, Inc., for $260 million in cash, consisting of approximately $45 million attributable to the equity of WWO and the retirement of $215 million of debt of WWO. Cumulus
