Cumulus Media Inc. agrees to purchase Providence market radio stations

PROVIDENCE – Atlanta-based Cumulus Media Inc. has agreed to purchase Citadel Broadcasting Corp., the parent of some Providence radio stations, for $2.4 billion. Las Vegas-based Citadel owns Rhode Island stations WPRO-AM 630 and 92 Pro FM, among others. The company filed for bankruptcy in December 2009 and has been negotiating a sale to Cumulus for…

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