---
title: "Cumulus Media Announces Agreement To Eliminate Substantially All Remaining Debt And Significantly Strengthen Financial Position"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277944748.md"
description: "March 5 (Reuters) - Cumulus Media Inc (CMLS.PK) :CUMULUS MEDIA ANNOUNCES AGREEMENT TO ELIMINATE SUBSTANTIALLY ALL REMAINING DEBT AND SIGNIFICANTLY STRENGTHEN FINANCIAL POSITIONCUMULUS MEDIA INC - ENTERS AGREEMENT TO ELIMINATE ABOUT $600 MILLION OF DEBTCUMULUS MEDIA INC - COMMENCES PREPACKAGED CHAPTER 11 PROCEEDINGS ON MARCH 5, 2026CUMULUS MEDIA INC - IN CONJUNCTION WITH CHAPTER 11 PETITIONS, CUMULUS FILED PROPOSED PLAN OF REORGANIZATION Source text: Further company coverage: (CMLS.PK)"
datetime: "2026-03-05T13:32:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277944748.md)
  - [en](https://longbridge.com/en/news/277944748.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277944748.md)
---

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# Cumulus Media Announces Agreement To Eliminate Substantially All Remaining Debt And Significantly Strengthen Financial Position

March 5 (Reuters) - Cumulus Media Inc (CMLS.PK) :

-   CUMULUS MEDIA ANNOUNCES AGREEMENT TO ELIMINATE SUBSTANTIALLY ALL REMAINING DEBT AND SIGNIFICANTLY STRENGTHEN FINANCIAL POSITION
-   CUMULUS MEDIA INC - ENTERS AGREEMENT TO ELIMINATE ABOUT $600 MILLION OF DEBT
-   CUMULUS MEDIA INC - COMMENCES PREPACKAGED CHAPTER 11 PROCEEDINGS ON MARCH 5, 2026
-   CUMULUS MEDIA INC - IN CONJUNCTION WITH CHAPTER 11 PETITIONS, CUMULUS FILED PROPOSED PLAN OF REORGANIZATION Source text: Further company coverage: (CMLS.PK)

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