On May 10, 2018, Cumulus Media Inc. announced that the Bankruptcy Court entered the Findings of Fact, Conclusions of Law and Order Confirming the Debtors’ First Amended Joint Chapter 11 Plan of Reorganization, which confirmed the First Amended Joint Plan of Reorganization of Cumulus Media Inc. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the Plan), as modified by the Confirmation Order. In accordance with the Plan, on the effective date, Jeffrey Marcus, Jan Baker, Jill Bright, John W. Dickey, Ralph B. Everett and Ross Oliver ceased to be members of the company’s board of directors. Also in accordance with the Plan, on the effective date, the company’s board of directors is comprised of seven members, consisting of Mary G. Berner, the company’s President and Chief Executive Officer, and the following six independent directors selected by the Term Lender Group: David M. Baum, age 53, has served as the President of Baum Media Group, LLC since February 2005. Matthew C. Blank, age 67, has served as an advisor to Showtime Networks Inc. since 2017. Before taking his most recent role, he served as Chairman of Showtime from 2016 to 2017 and Chief Executive Officer of Showtime from 1995 to 2015. He is a Trustee of the Harlem Children’s Zone and the American Museum of the Moving Image. Thomas H. Castro, age 63, has served as the President and Chief Executive Officer of El Dorado Capital, LLC since December 2008. He is also the founder of IMB Development Corporation and has served as its Managing Director since January 2012. Joan Hogan Gillman, age 55, served as Executive Vice President of Time Warner Cable Inc. and Chief Operating Officer of its Time Warner Cable Media division, for which she maintained financial responsibility, from September 2006 to June 2016. Ms. Hogan Gillman currently serves on the board of directors of Airgain Inc., Centrica PLC and InterDigital Inc. Andrew W. Hobson, age 56, has served as a Partner and the Chief Financial Officer of Innovatus Capital Partners, LLC since January 2016. Brian G. Kushner, age 59, has served as Senior Managing Director in the Corporate Finance practice of FTI Consulting Inc. since 2009. He currently serves on the board of directors of Dex Media Inc., Mudrick Capital Acquisition Corporation and Zodiac Interactive.
Cumulus Media Inc. is an audio-first media company. The Company provides listeners with local programming through 404 owned-and-operated stations across 85 markets; delivers nationally syndicated sports, news, talk, and entertainment programming from iconic brands. Its iconic brands, including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other partners across more than 9,400 affiliated stations through Westwood One, the audio network in America. The Company provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, influencers, full-service audio solutions, industry-leading research and insights, and live event experiences.
CUMULUS MEDIA INC. 
