A Big Bank Opposes Cumulus’ First Amended Restart Plan


As part of its petition in a New York federal bankruptcy court to start anew under Chapter 11 protection, Cumulus Media has submitted a “First Amended Joint Plan of Reorganization” that it and its “debtor affiliates” have signed off on.

On Friday (3/23), U.S. Bank — as indenture trustee — spoke up. It filed a five-page objection to the plan.

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