Cumulus Radio Is In Big, Big Trouble

It owns The Ticket, WBAP, and more.  If you want to buy a radio station, here's your chance. And if you work for one of its radio stations and have a big salary, get ready to accept a pay cut or leave.

Look at the following shocking facts:

  • Cumulus replaced its CEO yesterday after almost two decades.
  • "On Sept. 15, Moody’s cut the ratings of Cumulus’ $2.4 billion of debt to B3 — which is junk status."
  • Profits are down 18% in the second quarter of this year
  • Cumulus shares are down 84 percent this year, closing at 68 cents Tuesday. They fell to 65 cents in after-hours trade.
List of stations in DFW the company owns: