Network carrying Imus, Levin, Savage tanking
Cumulus facing Nasdaq delisting, possible bankruptcy
Published: 20 hours ago
WASHINGTON – Cumulus Media, which syndicates radio stars Don Imus, Mark Levin and Michael Savage, among others, is having some ratings issues of its own – on Wall Street.
On Friday, Cumulus shares were trading at 41 cents, down from $5.45 in September 2015 when Chief Executive Lew Dickey left the company. In early 2014, a share was selling at $64.04.
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