GlobeNewswire Inc | Dec 23, 2021 11:30AM EST

December 23, 2021

ATLANTA, Dec. 23, 2021 (GLOBE NEWSWIRE) -- CUMULUS MEDIA (NASDAQ: CMLS)has named Jared Merves to serve as Senior Vice President, Digital, reporting to President and Chief Executive Officer Mary Berner effective January 18, 2022.

In this post, Merves will lead and further shape the Companys digital strategy with a focus on generating revenue across multiple Cumulus Media platforms and channels.

Merveshasmore than 15 years of experience leading innovation andincreasing revenue, market share, and profitability acrossmedia organizations.Aproven leaderindigital revenue growth strategies, audience monetization, and branded content,Merveswasmost recentlyChief Revenue Officer of Distributed Media Lab, which had acquiredWundervue,a company he foundedtosupportmedia companies and advertising agenciesintheirdigital transformation, operations, product development, and growth opportunities.Previously,MerveswasChief Digital Officer of Belo and Company in Dallas.Mervesalso held significantdigitalroles at Tegna and Cars.com.

Jared has been at the forefront of digital media throughout his career and has helped many companies propel their businesses forward through innovation, said Mary Berner, President and CEO of Cumulus Media. Digital has been a critical and successful pillar of our business strategy, and Jared brings the experience, creativity and technical expertise to build on that foundation and catapult us to the next level.

Cumulus Media is a leading player in the growing market for all forms of audio, saidMerves. Im thrilled to be joining such a talented team as we drive accelerated digital revenue and pursue opportunities across the multi-dimensional space.

About CUMULUS MEDIACUMULUS MEDIA (NASDAQ: CMLS) is an audio-first media company delivering premium content to over a quarter billion people every month wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 412 owned-and-operated radio stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across nearly 7,300 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the CUMULUS Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visitwww.cumulusmedia.com.

Contact:Karen Glover | CUMULUS MEDIA |kglover@westwoodone.com| (212) 299-3108