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M&A Deal Summary

Cumulus Media Acquires DialGlobal

On August 30, 2013, Cumulus Media acquired media company DialGlobal for 260M USD

Acquisition Highlights
  • This is Cumulus Media’s 3rd transaction in the Media sector.
  • This is Cumulus Media’s 2nd largest (disclosed) transaction.
  • This is Cumulus Media’s 4th transaction in the United States.
  • This is Cumulus Media’s 1st transaction in New York.

M&A Deal Summary
Date 2013-08-30
Target DialGlobal
Sector Media
Buyer(s) Cumulus Media
Deal Type Add-on Acquisition
Deal Value 260M USD
Advisor(s) Kirkland & Ellis (Legal)

Target

DialGlobal

New York, New York, United States
Dial Global is a national audio media company in the U.S., delivering compelling, engaging, and fully-integrated audio content to over 8,500+ radio stations and digital media companies. Dial Global's portfolio of iconic media, sports and entertainment brands, combined with some of the most recognized live events in the world, provide strong and unique brand engagement to over 225 million consumers each week.

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Buyer(S) 1

Buyer

Cumulus Media

Atlanta, Georgia, United States
Category Company
Founded 2002
Sector Media
Employees2,250
Revenue 827M USD (2024)
DESCRIPTION
Entrance to Cumulus' corporate headquarters in Atlanta, Georgia.
Entrance to Cumulus' corporate headquarters in Atlanta, Georgia.

Cumulus Media is an owner and operator of AM and FM radio stations in the United States. Cumulus Media was incorporated in 2002 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 6
Sector: Media M&A 3 of 5
Type: Add-on Acquisition M&A Deals 4 of 6
State: New York M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2013 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-16 Citadel Broadcasting

Las Vegas, Nevada, United States

Citadel Broadcasting (Formerly Citadel Communications Corp.) is the largest pure play radio company in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-03 Merlin Media

Fort Wright, Kentucky, United States

Merlin Media was formed for the purpose of acquiring and operating media assets. Merlin Media currently owns and operates 3 radio stations: WWWN-FM (101.1 MHz, Chicago, IL), WLUP-FM (97.9 MHz, Chicago, IL) and WEMP-FM (101.9 MHz, New York, NY). Merlin Media is a multimedia company focused on creating desirable content for its consumers.

Buy -
Mergr

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