Cumulus Radio Is In Big, Big Trouble

It owns The Ticket, WBAP, and more.  If you want to buy a radio station, here's your chance. And if you work for one of its radio stations and have a big salary, get ready to accept a pay cut or leave.

Look at the following shocking facts:

• Cumulus replaced its CEO yesterday after almost two decades.
• "On Sept. 15, Moody’s cut the ratings of Cumulus’ $2.4 billion of debt to B3 — which is junk status."
• Profits are down 18% in the second quarter of this year
• Cumulus shares are down 84 percent this year, closing at 68 cents Tuesday. They fell to 65 cents in after-hours trade.

List of stations in DFW the company owns:

• KESN – 103.3 – ESPN Radio/Sports talk (LMA with The Walt Disney Company)
• KSCS – 96.3 – Country
• KLIF-FM – 93.3 – Contemporary hit radio
• KLIF – 570 – News/Talk
• KPLX – 99.5 – Country
• KTCK – 1310 – Sports talk
• KTCK-FM – 96.7 – Sports talk (simulcast of KTCK 1310)
• WBAP – 820 – News/Talk