Cumulus out of bankruptcy; control transfer approved.

Now that the media giant has emerged from Chapter 11, the next stage in the reorganization plan—the transfer of control of Cumulus Media, Inc. from the former corporate structure to the new Board—has been approved by the FCC. Part of the FCC’s action involved the rejection of a Petition to Deny filed by an unsecured creditor (WGH Communications, Inc.); the Commission ruled that the petitioner lacked proper standing.