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Cumulus Media's board approves buyback program

By Associated Press
May 22, 2008 | Comments (0)

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Radio station owner Cumulus Media Inc. said Thursday its board of directors approved a $75 million stock buyback program.

The program is for Class A common stock. The timing and actual number of repurchased shares will depend on Cumulus' stock price and other conditions, the company said.

Shares of Cumulus Media closed at $5 Wednesday.

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