Cumulus Media (CMLS) Announces $75M Buyback
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Cumulus Media Inc. (NASDAQ: CMLS) announced that its Board of Directors has authorized the purchase, from time to time, of up to $75 million of its shares of Class A Common Stock.
Lew Dickey, Chairman, President and Chief Executive Officer, commented, "This new repurchase program once again demonstrates the confidence of the Board of Directors in the future of Cumulus and our belief that, based upon our assessment of the future prospects of Cumulus, our shares are currently undervalued."
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