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Townsquare Cumulus Station Swap Closes


This was a deal announced back on April 30th. Cumulus moved 55 stations to Townsquare in exchange for 10 stations in two markets plus $116 million in cash. The stations sold by Cumulus to Townsquare are in Augusta, ME; Bangor, ME; Binghamton, NY; Bismarck, ND; Grand Junction, CO; Killeen-Temple, TX; New Bedford, MA; Odessa-Midland, TX; Presque Isle, ME; Sioux Falls, SD and Tuscaloosa, AL. Cumulus picked up 10 stations in Bloomington, IL, and Peoria, IL.


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