February 2, 2018 / 1:41 AM / 7 months ago

BRIEF-Cumulus Media Inc says reached agreement with Merlin Media

Feb 1 (Reuters) - Cumulus Media Inc:

* CUMULUS MEDIA INC - HAS REACHED AN AGREEMENT WITH MERLIN MEDIA REGARDING OPERATION AND SALE OF WKQX-FM AND WLUP-FM IN CHICAGO​

* CUMULUS MEDIA INC - ‍UNDER TERMS OF AGREEMENT, CUMULUS WILL NO LONGER BE REQUIRED TO ACQUIRE CHICAGO STATIONS FOR APPROXIMATELY $50 MILLION​ Source text for Eikon: Further company coverage:

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