Cumulus Asks Court To Nix Executive Bonus Objection


The judge overseeing Cumulus Media‘s Chapter 11 reorganization petition will hold a hearing on Monday (3/12) at 10am to determine whether or not the company can move forward with two specific incentive compensation programs one group of lenders has formally objected to.

Cumulus wants Shelley Chapman, Judge for the U.S. Bankruptcy Court for the Southern District of New York, to overrule the objections.

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