Cumulus De-Listed From NASDAQ

[David]

Understatement of the Year: Cumulus' assertion that being de-listed on the NASDAQ "has absolutely no impact on our business." I think their creditors might beg to differ!

radioink.com/2017/11/21/cumulus-delisted-nasdaq/

[CAwasinNJ]

Being delisted is irrelevant. The stock price tanked a while ago and penny stock prices will eventually result in a delisting. They're also almost certainly going to go into a bankruptcy restructure which will make the stock itself irrelevant.

Basically everybody knew this was coming and it doesn't surprise anyone.

[David]

Cumulus just filed for chapter 11 as part of a restructuring deal:

www.insideradio.com/cumulus-strikes-restructuring-deal-using-chapter-process/article_f40793d6-d549-11e7-ac29-83ec6bc006bf.html