“As part of our operational turnaround, we have been focused on taking proactive steps to address unprofitable areas of our business,” Cumulus Chief Executive and President Mary G. Berner said in a statement. “We are taking this action because the economic terms of these legacy contracts guarantee that we lose money and, as such, continuing them in their current form is not in Cumulus’ best interests. … We will continue to take the necessary steps to strengthen our competitiveness and position Cumulus for continued profitability.”