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Cumulus Media Bankruptcy Seals Approved

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The U.S. Bankruptcy Court approved separate motions filed by Cumulus Media’s ad hoc cross-holder committee and ad hoc term lenders’ committee to file under seal their respective objections to the Company’s First Amended Joint Plan of Reorganization.

As previously reported, the ad hoc cross-holder committee had argued, “In compliance with paragraph 11 of the Protective Order, the Ad Hoc CrossHolder Committee seeks to file the Objection under seal. While Ad Hoc Cross-Holder Committee does not assert any claim of confidentiality over the Confidential Deposition Transcripts, the Confidential Expert Reports, or the Confidential Rebuttal Reports cited by the Objection, it seeks the Court’s permission to file the Objection under seal so as to abide by the confidential designations of the Debtors and the UCC pursuant to the Protective Order.”

Read more Cumulus Media bankruptcy news.