Radio firm Cumulus Media is headed for a swift emergency from Chapter 11 bankruptcy following the posting of a 181-page restructuring agreement by the U.S. Bankruptcy Court for the Southern
District of Texas, according to Radio+ Television Business Report. The court’s approval of the plan, which occurs less than six weeks after the filing for Chapter 11
protection, will restructure roughly $660 million in debt.Read the whole story at Radio+Television Business Report »