N.Y. Bankruptcy Judge Confirms Cumulus Reorg Plan


As expected, U.S. Bankruptcy Judge Shelley Chapman has signed off on “findings of fact, conclusions of law,” and the final order that confirms Cumulus Media‘s Chapter 11 plan of reorganization.

The 148-page document, entered into the record Thursday, will put the wheels in motion on a plan that will eliminate half of the radio broadcasting company’s $2 billion in debt.

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