Cumulus has filed Chapter 11 bankruptcy reorganization to restructure its debt, according to reports. An Inside Radio story notes that the company has reached an agreement with a lenders' group to shrink its debt load by $1 billion+, and that the broadcasting giant—which claims to have "ample cashon hand"—expects normal operation to continue through the process. Details here.
BILL'S PASSAGE COULD RESULT IN U.S. TIKTOK BAN
Meanwhile, on Capitol Hill... (4/20a)
BLACKSTONE ASSEMBLING $1.5B BID FOR HIPGNOSIS SONGS FUND
A white-knuckle moment (4/20a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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