April 15, 2026
A Texas bankruptcy judge Wednesday approved radio giant Cumulus Media's $592 million debt-for-equity Chapter 11 plan, overruling arguments from the U.S. Trustee's Office that the plan's third-party claims releases were nonconsensual.
April 08, 2026
The U.S. Trustee's Office blasted radio giant Cumulus' Chapter 11 plan, attacking what it characterized as nonconsensual releases as fatal to the debtor's confirmation hopes.
March 11, 2026
As radio giant Cumulus was looking into restructuring options that ultimately led it to Chapter 11 last week, it was also kicking off litigation against audience analytics giant Nielsen, a longtime vendor.
March 10, 2026
A radio station operator filed its second bankruptcy in less than 10 years; a Chicago hotel operator entered Chapter 11 with nearly $150 million in debt; and a chemical technology company sought bankruptcy protection in Texas.
March 06, 2026
Cumulus Media has filed for Chapter 11 protection in Texas, kicking off its second bankruptcy in a decade and seeking to slash $600 million of debt from its balance sheet. The debtor enlisted counsel from Paul Weiss Rifkind Wharton & Garrison LLP and Porter Hedges LLP to steer the case.
March 05, 2026
Cumulus Media, a company that operates almost 400 radio stations across the country, filed for Chapter 11 protection Thursday in Texas bankruptcy court with a plan to cut $600 million in debt, the business's second bankruptcy filing in less than a decade.