
FCC Blocks Renew Group Voting Rights In Cumulus Media Pending Public Comment Period
The FCC granted with conditions Cumulus Media’s remedial petition for declaratory ruling to seek specific approval for certain named foreign investors to hold more than 5% of the equity and/or voting interests in Cumulus and advance approval for those foreign investors to increase their equity and/or voting interests in Cumulus up to any non-controlling amount […] […]