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overview
holdings
landmarks
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landmarks
This chronology is indicative only. Context is provided
by the broader communications and media timeline.
1985 Lewis Dickey founds Stratford Research
1994 Broadcast Software International (BSI) founded
1996 US Telecommunications Act of 1996 reduces
restrictions on station ownership
1997 Cumulus founded
1997 buys WBZN (Old Town) and WQCB (Brewer) from Castle
1997 buys WTOS (Skowhegan) from Mountain Wireless
1998 buys WEZQ Bangor and WWMJ/WDEA Ellsworth from Dudman
for US$4m
1999 buys 6 FM and 2 AM stations from McDonald Media Group
for US$41m
1999 buys KRUZ-FM from Pacific Coast Communications for
$10m
1999 buys 35 radio stations in US Midwest from Connoisseur
Communications for US$242m
1999 buys 3 Arkansas stations from Duke Broadcasting for
US$26.5m
1999 buys 11 stations in Wisconsin and Kentucky from Phillips
and HMH for US$59.3m
1999 buys Cape Fear group of 6 N Carolina stations for
US$47m
1999 buys Broadcast Software International
2000 moves headquarters from Milwaukee to Atlanta
2000 co-founder Richard Weening resigns after class action
by shareholders
2000 Cumulus buys KDAT-FM, KHAK-FM and KRNA-FM Cedar Rapids;
KMJJ-FM, KRMD-AM and KRMD-FM Shreveport from Clear
2002 buys Aurora Communications (18 radio stations in
Connecticut and New York) for US$230m and broadcasting
operations of DBBC (3 stations in Nashville)
2003 buys Macon stations WDDO-AM, WDEN-AM, WAYS-FM, WMAC-AM,
WDEN-FM, WPEZ-FM, WMKS-FM and WMGB-FM for US$35m
2003 buys Huntsville stations WZYP-FM, WUSX-FM, WVNN-AM
and WUMP-AM for US$22m
2003 buys WPKR-FM in Oshkosh and WPCK-FM in Kaukauna for
US$8.1m
2004 buys Premier Marketing Group stations KFRU-AM, KBXR-FM,
KOQL-FM, KPLA-FM (Columbia, MO) and KLIK-AM, KBBM-FM,
KJMO-FM (Jefferson City, MO) for US$38.75m
2004 buys KVST-FM (La Porte) from New Wavo Communication
Group for US$32.2m
2004 buys WFNR-FM, WWBU-FM, WBRW-FM, WPSK-FM, WBWR-FM,
WFNR-AM and WRAD-AM (Blacksburg, Virginia) from New River
Valley Radio Partners and Bedford Radio Partners for US$7m
2005 Cumulus Media Partners, LLC (partnership with Bain
Capital, Blackstone Group and Thomas H Lee
Partners) formed to acquire radio broadcasting arm of
Susquehanna Pfaltzgraff Co for US$1.2bn
2007 Cumulus Media agrees to US$1.3bn buyout by Dickey
family and Merrill Lynch Global Private Equity
2008 abanadonment of Dickey/Merrill Lynch buyout
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