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Cumulus Media close to acquiring: Dial Global, one of US largest content syndicators

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Radio broadcaster Cumulus Media Inc., the second largest operator of radio stations in the United States, is close to acquiring one of the country's largest content syndicators: Dial Global Inc., for $260 million. The deal would allow Cumulus to better compete with larger players such as Clear Channel, Premiere and Walt Disney's ESPN Radio. To finance, Cumulus is selling 53 radio stations in 12 small markets to Townsquare Media LLC.    READ THE Reuters STORY