As of Dec. 31, 2017, Cumulus Media employed 5,213 people — 3,515 of whom were employed full time. While some of these individuals may have some internal anxiety regarding the company’s current Chapter 11 reorganization plans, which have received some objections as part of an “anticipated” process, it is business as usual across the company’s radio stations.
That said, Cumulus’ annual 10-K filing with the SEC outlines several “risks” that the company faces in fiscal 2018. Among these concerns is that Cumulus’ emergence from Chapter 11 of the U.S. bankruptcy code “is not assured.”
