Cumulus Media and Talk Radio Network have reached a settlement of TRN’s lawsuit over claims of unpaid advertising revenues and unfair competition filed against Dial Global, the previous owner of the now Cumulus owned Westwood One. The settlement’s terms are undisclosed.
Cumulus Pres./CEO Lew Dickey said, “While Cumulus Media had no role in the lawsuits filed by TRN Companies, we are pleased to resolve these claims and move forward together. We remain supportive of each other and are optimistic for the future.”
TRN CEO Mark Masters said, “We are pleased to ‘turn the page’ with the new owners of Westwood One and have put past issues behind us. As we build bridges together, we look forward to a mutually beneficial future working with our affiliated stations, customers, Lew and John Dickey and Cumulus Media.”