(Reuters) - NEW YORK, July 23 - Radio broadcaster Cumulus
Media Inc. said on Monday it agreed to a $1.3 billion
buyout by investors led by its chief executive and Merrill
Lynch, reviving expectations of further deals in an industry
struggling with weaker advertising.
The agreement is the latest in a wave of media industry
buyouts, many of which have put leading U.S. newspaper
publishers and radio broadcasters into private hands as they
grapple with weak advertising and competing digital formats.
Read more at Reuters.com Bonds News
Media Inc. said on Monday it agreed to a $1.3 billion
buyout by investors led by its chief executive and Merrill
Lynch, reviving expectations of further deals in an industry
struggling with weaker advertising.
The agreement is the latest in a wave of media industry
buyouts, many of which have put leading U.S. newspaper
publishers and radio broadcasters into private hands as they
grapple with weak advertising and competing digital formats.
Read more at Reuters.com Bonds News
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