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Cumulus Media announces 'prepackaged' Chapter 11 bankruptcy process

( March 5, 2026, 20:50 GMT | Official Statement) -- MLex Summary: Cumulus Media announced a "comprehensive restructuring support agreement" that would eliminate about $600 million of debt through a "Streamlined Prepackaged Chapter 11 Process." Cumulus and some of its subsidiaries commended prepackaged Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas on March 5, the company said in a statement.Statement follows below:...

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