Cumulus Media files for bankruptcy, announces debt restructuring

The plan would give debtholders full ownership of the reorganized company and provide $50 million in new convertible notes.—

This story first appears atTheDesk.net, a premium source for original news and analysis on the business of media and technology.

Never miss a story —make sure our stories appear in your Google search results by adding us as a trusted source, and sign up for our free newsletters here.