First Media Services LLC agreed to acquire Four FMs/ One AM/ One FM translator of Cumulus Media for $0.5 million on April 30, 2020. The First Media submitted 10% escrow deposit to Cumulus and is being held by Fifth Third Bank. Eddie Esserman of Media Services Group served as the broker to Cumulus and Jorgenson Broadcast Brokerage acted as broker to First Media.

William Rowland of Jones Day acted as legal advisor to Cumulus, whereas John Garziglia of Womble Bond Dickinson acted as legal advisor to First Media.