Cumulus Sells San Francisco Giants Stake

With a $13.5 million deal, Cumulus Media has sold its minority stake in the San Francisco Giants baseball club. That’s just part of the company’s ongoing effort to spin-off at least $100 million of “nonstrategic assets.” The sale of a Los Angeles parcel of land is also moving forward and CEO Lew Dickey says he expects that should be sold by year’s end, reports Inside Radio.  

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