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  2. June 2017

June 2017

Cumulus Media is on the brink of a total collapse

At radio giant Cumulus Media, things have gone from bad to worse. A Nasdaq delisting looms — as does a possible bankruptcy. Cumulus owns hundreds of radio stations and syndication company Westwood One, and competes with the likes of iHeart and CBS Radio, now in the hands of Entercom. Now private equity firm Crestview Partners has adopted a poison pill to stop an activist from coming in as it staves off bankruptcy. For the year 2016 (a presidential election year), Cumulus reported that net revenue fell 2.3 percent while adjusted Ebitda — earnings before interest, tax, depreciation and amortization — was off 20.6 percent from a year earlier.

Media raise concerns about Trump retaliation after seating changes

CNN is asking questions about the White House’s decision to place their reporter in the back of a White House press briefing.

“We were in the equivalent of Siberia, no pun intended, when it comes to where we were seated,” CNN’s Jim Acosta told Wolf Blitzer. “That could be seen as an oversight on the part of the White House staff but it could also be seen as retaliation over the reporting we’re doing over here at CNN.”

CNN reporters are typically seated with other cable news networks at the front of press events so that their cameras have an unobstructed view for stand up live shots. The White House has occasionally changed seating arrangements in the past for various reasons, however during the June 9 event President Donald Trump specifically called out the cable news networks for treating him "so badly." "Should I take one of the killer networks that treat me so badly as fake news?" President Trump asked, before calling on ABC’s Jon Karl.

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