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Actionable news in CMLS: Cumulus Media Inc.,

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or


) received a notification from the Listing Qualifications Department of The NASDAQ Stock Market LLC (


) indicating that the Company is not in compliance with NASDAQ Listing Rule 5450(a)(1) (the


) because the minimum bid price of the Companys common stock on the NASDAQ Global Select Market has closed below $1.00 per share for 30 consecutive business days. The NASDAQ letter has no immediate effect on the NASDAQ listing or trading of the Companys common stock.

In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until May 2, 2016, to regain compliance with the requirements under the Rule. If, at any time before that date the bid price of the Companys...