RestructuringApr 17, 2026, 04:21 PM
Cumulus Media's Chapter 11 Reorganization Plan Confirmed
AI Summary
Cumulus Media Inc. announced that the Bankruptcy Court entered an order on April 15, 2026, confirming its Modified Joint Prepackaged Chapter 11 Plan of Reorganization. The company and its subsidiaries initially filed for Chapter 11 bankruptcy on March 4, 2026. The Company Parties will continue to operate their business as "debtors-in-possession" under the Bankruptcy Court's jurisdiction.
Key Highlights
- Bankruptcy Court confirmed the Company's Chapter 11 Plan on April 15, 2026.
- Company and subsidiaries commenced Chapter 11 Cases on March 4, 2026.
- Modified Joint Prepackaged Chapter 11 Plan was filed on April 13, 2026.
- Company continues to operate as 'debtors-in-possession'.