Cumulus Media Inc. (NASDAQ:CMLS) and Citadel Broadcasting Corporation announced that the Federal Communications Commission ("FCC") has approved the pending merger of a wholly-owned indirect subsidiary of Cumulus Media and Citadel (the "Merger"). With this approval and the previously announced termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), Cumulus Media and Citadel have now received all required regulatory approvals in connection with the Merger. As previously disclosed, in connection with the termination of the waiting period the HSR Act, Cumulus Media will divest three radio stations in two markets - Flint, Michigan and Harrisburg, Pennsylvania. The Merger remains subject to approval by the stockholders of Citadel, as well as other customary closing conditions.

Cumulus Media Inc., a radio broadcasting company, engages in the acquisition, operation, and development of commercial radio stations in the United States. It owns and operates FM and AM radio station clusters that serve mid-sized markets.

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