Case Study: Cumulus Media achieves a seamless Chapter 11 confirmation process with Epiq

Epiq Helps Guide Cumulus Media Through Seamless and Efficient Plan Confirmation Process

Cumulus Media, a major radio broadcaster, faced the challenge of implementing a complex financial restructuring plan under an expedited timeline, which included navigating specific FCC requirements for securities distributions. To guide them through this process, the company engaged Epiq for its solicitation agent services.

Epiq’s team developed specialized procedures to meet the FCC requirements for each claimant and created unique formatting for data to allow for rapid review by advisors, creating significant efficiencies. Their guidance helped Cumulus avoid potential pitfalls, resulting in a seamless and efficient plan confirmation process. With Epiq's assistance, the plan was confirmed, stakeholders promptly received their entitlements, and Cumulus was successfully relisted on Nasdaq.

Cumulus Media