FTC OKs Cumulus-Townsquare Deal
The Federal Trade Commission has given its go-ahead to Cumulus Media's sale of a number of stations to Townsquare Media. It's a step forward, but the FCC still needs to approve the deal for it to close.
The FTC granted early termination of the antitrust review with its approval. As previously reported, the deal when complete will give Townsquare 71 new stations as Cumulus raises cash to buy Dial Global (now WestwoodOne).
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