NASDAQ, CMLS - Cumulus Media Inc Cl A
In this Form 10-K the terms ?Company?, ?Cumulus?, ?we?, ?us?, and ?our? refer to
Cumulus Media Inc. and its consolidated subsidiaries.
We use the term ?local marketing agreement? (?LMA?) in various places in this
report. A typical LMA is an agreement under which a Federal Communications
Commission (?FCC?) licensee of a radio station makes available, for a fee, air
time on its station to another party. The other party provides programming to be
broadcast during the airtime and collects revenues from advertising it sells for
broadcast during that programming. In addition to entering into LMAs, we will
from time to time enter into management or consulting agreements that provide us
with the ability, as contractually specified, to assist current owners in the
management of radio station assets that we have contracted to purchase, subject
to FCC approval. ...
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