Company's Citadel Broadcasting unit. Citadel was chosen as the top bidder and the deal to purchase the stations and the network was struck in February 2006. The deal did not include Radio Disney, ESPN Radio (or its Spanish counterpart ESPN Deportes Radio), any of the five ESPN Radio stations (or the myriad of Radio Disney stations) Disney owned at the time, or any of ABC's television assets (the ABC name, which also remained in Disney's hands, would be licensed to Citadel for two years). Disney's ABC News unit will also still produce ABC News Radio programming for distribution by Citadel. Despite the change in ownership, Citadel Media still lists "ESPN Radio" & "ESPN Deportes" as part of its advertising sales family. The acquisition of ABC Radio by Citadel Broadcasting was officially completed on June 12, 2007 and the "ABC Radio Networks" logo was licensed from Disney until April 2, 2009. Shortly after the announcement of the ABC/Citadel merger, the "FM" network was reactivated. It now provides an hourly two-minute newscast, similar in format to when the network formerly operated. Those newscasts carry the on-air brand "ABC News Now." Citadel Media On April 2, 2009, the staff at Citadel Broadcasting changed the branding of this network from ABC Radio to "Citadel Media" to reflect its current ownership of a major radio network. However, "ABC News"; and its programming/satellite format listings would remain. Cumulus Media Cumulus Media absorbed all the assets of Citadel Broadcasting, including Citadel Media in September 2011, and the name change to "Cumulus Media Networks" immediately took effect upon acquisition. Previously, Citadel turned down previous acquisition offers months after emerging from bankruptcy. On August 29, 2013, Cumulus Broadcasting purchased Dial Global (Westwood One as of September 4). Cumulus paid $260 million in cash for this programming syndication service, part of which has paid off Dial's debt before it was folded into this network service. Cumulus funded the sale by making a pair of station deals with Townsquare Media. On July 31, 2014, Cumulus acquired the rights to CNN’s content to distribute to radio stations (the company had held CNN radio rights since its acquisition of Dial Global, but CNN had not produced any radio content since April 2012). The content would be distributed by its newly acquired Westwood One network and allow stations to implement the content under their branding. As an example, Cumulus stated that its "Nash" branded