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Cumulus Media, one of the largest radio networks in the US has had an offer of $1.2 billion to buy the companies 406 radio stations. The offer also includes the company debt of almost $900 million. More details from Hollywoodo..https://hollywooddo.com/music/cumulus-media-subject-of-1-2b-acquisition-bid-by-jeff-warshaw-led-consortium/