Cumulus Media Inc. Announces Third Amendment to Credit Facility

ATLANTA--(Business Wire)--
Cumulus Media Inc. (NASDAQ: CMLS) (the "Company") today announced that it has
entered into an amendment to its senior secured credit facility, which was
overwhelmingly approved by the lenders. The amendment provides the Company with
compliance relief from its principal financial covenants, including leverage and
fixed charge ratios, until March 31, 2011.

Chairman, President and Chief Executive Officer, Lew Dickey, commented, "We
value the partnership with our lenders and appreciate their constructive
approach that enables us to operate through the current economic environment. It
was a mutually beneficial outcome for our lenders and shareholders."

Under the amendment, the Company will be required through December 31, 2010 to
maintain minimum liquidity and consolidated EBITDA levels. Further details
concerning the amendment will be contained in a current report on Form 8-K to be
filed by the Company with the Securities and Exchange Commission.

In connection with the amendment, the Company has voluntarily prepaid $32.5
million of the outstanding principal amount of the term loan, so that as of June
29, 2009, the Company had outstanding borrowings of approximately $647.9 million
under the senior secured credit facility. In addition, the Company has agreed to
issue warrants to the lenders who consented to the amendment exercisable for an
aggregate of 1,250,000 shares of the Class A common stock of the Company.

The Company`s sole financial advisor in connection with the amendment was
Citadel Securities, a division of Citadel Derivatives Group LLC.

The Company is the second largest radio broadcaster in the United States based
on station count, and combined with its affiliate, CMP Media Partners, LLC, the
Company is the fourth largest radio broadcast company in the United States based
on net revenues, controlling approximately 350 radio stations in 68 U.S. media
markets (www.cumulus.com).

Statements in this release may constitute "forward-looking" statements, which
are statements that relate to the Company`s future plans, revenues, station
operating income, earnings, objectives, expectations, performance, and similar
projections, as well as any facts or assumptions underlying these statements or
projections. Actual results may differ materially from the results expressed or
implied in these forward-looking statements, due to various risks, uncertainties
or other factors. These factors include competition within the radio
broadcasting industry, advertising demand in our markets, the possibility that
advertisers may cancel or postpone schedules in response to national or world
events, competition for audience share, our success in executing and integrating
acquisitions, our ability to generate sufficient cash flow to meet our debt
service obligations and finance operations, and other risk factors described
from time to time in the Company`s filings with the Securities and Exchange
Commission, including the Company`s Form 10-K for the year ended December 31,
2008. The Company assumes no responsibility to update the forward-looking
statements contained in this release as a result of new information, future
events or otherwise.

Cumulus Media Inc.
Marty Gausvik, 404-949-0700

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