 Cumulus Media Inc. NASDAQ: CMLS the Company, Cumulus, we, us, or our today announced that it has closed on the sale of an approximately 75-acre parcel of land in Bethesda, Maryland to Toll Brothers, continuing to execute on its commitment to reducing net leverage. Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, Given the difficult operating environment, our ability to continue to strengthen our balance sheet with the proceeds of this deal is particularly meaningful, and we greatly appreciate the efforts of Toll Brothers in working with us to bring this five-year effort to completion. The sale generated gross proceeds of 74.1 million, 5.0 million of which had been received in 2019, and expected net proceeds of 71.3 million after transaction fees and expenses. 