Cumulus Media Inc., the nation's second-largest owner of radio stations, announced that it has bought the three leading radio stations in Jonesboro. Cumulus paid $26.5 million in cash for KFIN-FM, KIYS-FM, and KBTM-AM, from Duke Media Inc. of Jonesboro.
Cumulus owns 264 radio stations in 49 cities in 22 states and the Caribbean and employs more than 3,000 people. Cumulus also owns six radio stations in Northwest Arkansas and three in Fort Smith.