SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 8, 2000
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CUMULUS MEDIA INC.
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(Exact Name of Registrant as specified in its charter)
Illinois 000-24525 36-4159663
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
111 East Kilbourn Avenue, Suite 2700, Milwaukee, WI 53202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (414) 615-2800
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None
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(Former name or former address, if changed since last report.)
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Item 4. Changes in Registrant's Certifying Accountant.
(b) The board of directors of Cumulus Media Inc. (the "Registrant")
has approved the engagement of KPMG LLP as its new independent accountants for
the fiscal year ending December 31, 2000. During the two most recent fiscal
years and through March 31, 2000, the Registrant has not consulted with KPMG LLP
on any matter, including, without limitation, items which concerned the subject
matter of a disagreement or reportable event with the Registrant's former
independent accountants (as described in Regulation S-K, Item 304(a)(2)).
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release announcing retention of KPMG LLP as
Certifying Accountants
NY/279032.2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CUMULUS MEDIA INC.
Date: May 8, 2000 By: /s/ Richard W. Weening
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Name: Richard W. Weening
Title: Executive Chairman and
Treasurer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release announcing retention of KPMG LLP as Certifying
Accountants
NY/279032.2
EXHIBIT 99.1
For Release 7:00 AM CDT For Further Information
Monday, May 8, 2000 Peggy Bunker 414 615-2802
Cumulus Names KPMG as Auditor
(Milwaukee, WI) Cumulus Media Inc. (NASDAQ:CMLS) today announced it had engaged
KPMG LLP to serve as auditor of the Company's financial statements effectively
immediately.
"We have followed Cumulus with great interest since they became a public company
in 1998," said Wayne Frankenfield, a Leader in the KPMG broadcasting practice.
"They will be an excellent addition to our broadcasting client base. We are very
pleased to have been chosen for the assignment."
Richard Weening, Cumulus Executive Chairman, said, "KPMG's media practice is
highly regarded throughout our industry. They have a nationwide team of
media-experienced professionals that fits the Cumulus national footprint very
well. We could not be more pleased to have them in our picture."
Cumulus Media is the parent company of Cumulus Broadcasting, Inc., which, along
with its other subsidiaries, owns and operates radio station clusters in
mid-size markets. Assuming completion of all pending acquisitions and
divestitures, Cumulus Media will own and operate 304 radio stations in 60 U.S.
media markets.
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NY/279032.2
