Citadel Stockholders Approve Merger with Cumulus

September 16, 2011

Las Vegas - Sep 15, 2011 - Citadel Broadcasting stockholders voted at a special meeting to approve Citadel's proposed merger with a wholly owned subsidiary of Cumulus Media. The merger agreement has been adopted by 78.51 percent of the outstanding shares of Citadel Class A common stock and Class B common stock voting as a single class and 88.86 percent of the Class A and Class B shares of common stock voting.

The merger is now scheduled to close on Sept. 16, 2011.

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