| CUSIP No. 231082108 | SCHEDULE 13G | Page 6 of 8 Pages |
| Item 1. | (a) Name of Issuer: |
Cumulus Media Inc. (the “Company”)
| (b) Address of Issuer’s Principal Executive Offices: |
3280 Peachtree Road, NW Suite 2300
Atlanta, Georgia 30305
| Item 2. | (a) Name of Person Filing: |
(i) Greywolf Event Driven Master Fund, a Cayman Islands exempted company (“Greywolf Event Driven”), with respect to the Shares held by it;
(ii) Greywolf Capital Management LP, a Delaware limited partnership and the investment manager of Greywolf Event Driven (the “Investment Manager”), with respect to the Shares held by Greywolf Event Driven;
(iii) Greywolf GP LLC, a Delaware limited liability company and the general partner of the Investment Manager (the “Investment Manager General Partner”), with respect to the Shares held by Greywolf Event Driven; and
(iv) Jonathan Savitz, a United States citizen and the sole managing member of the Investment Manager General Partner (“Savitz”), with respect to the Shares held by Greywolf Event Driven.
| (b) Address of Principal Business Office, or, if none, Residence: |
The address of the principal business office of (i) all of the Reporting Persons other than Greywolf Event Driven is 4 Manhattanville Road, Suite 201, Purchase, New York 10577; and (ii) Greywolf Event Driven is 89 Nexus Way, Camana Bay, Grand Cayman KY19007.
| (c) Citizenship: |
The citizenship of each of the Reporting Persons is set forth in the cover page for each Reporting Person.
| (d) Title of Class of Securities: |
Class A Common Stock, par value $0.01 per share (the “Shares”)
| (e) CUSIP Number: |
231082108
| CUSIP No. 231082108 | SCHEDULE 13G | Page 7 of 8 Pages |
| Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is an entity specified in (a) – (k): |
Item 4. Ownership
The information required by Items 4(a) – (c) and set forth in Rows 5 through 11 of the cover page for each Reporting Person hereto is incorporated herein by reference for each such Reporting Person.
The Shares reported hereby for Greywolf Event Driven are owned directly by it. The Investment Manager, as investment manager of Greywolf Event Driven may be deemed to be a beneficial owner of all such Shares owned by Greywolf Event Driven. The Investment Manager General Partner, as general partner of the Investment Manager, may be deemed to be a beneficial owner of all such Shares owned by Greywolf Event Driven. Savitz, as the sole managing member of the Investment Manager General Partner, may be deemed to be a beneficial owner of all such Shares owned by Greywolf Event Driven. Each of the Investment Manager, the Investment Manager General Partner and Savitz hereby disclaims any beneficial ownership of any such Shares.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
The Reporting Persons are filing this Schedule 13G pursuant to Rule 13d-1(c). Consistent with Item 2 of the cover page for each Reporting Person above, the Reporting Persons neither disclaim nor affirm the existence of a group among them.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
| CUSIP No. 231082108 | SCHEDULE 13G | Page 8 of 8 Pages |
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: July 5, 2016
| GREYWOLF GP LLC | |||
| By: Jonathan Savitz | |||
| By: | /s/ Jonathan Savitz | ||
| Name: | Jonathan Savitz | ||
| Title: | Managing Member | ||
| GREYWOLF CAPITAL MANAGEMENT LP | |||
| On its own behalf | |||
| And as Investment Manager to | |||
| GREYWOLF EVENT DRIVEN MASTER FUND | |||
| By: Jonathan Savitz | |||
| By: | /s/ Jonathan Savitz | ||
| Name: | Jonathan Savitz | ||
| Title: | Managing Member of Greywolf GP LLC, its General Partner | ||
| By: | /s/ Jonathan Savitz | ||
| Name: | Jonathan Savitz | ||
