Cumulus cloud

Talen Energy Corporation Announces CEO Transition Plan; FERC and NRC Regulatory Approvals

Retrieved on: 
Wednesday, April 5, 2023

HOUSTON, April 5, 2023 /PRNewswire/ -- Today, Talen Energy Corporation ("Talen" or "the Company") reported that CEO Alejandro "Alex" Hernandez announced his departure effective as of the date that Talen closes the strategic transactions contemplated by its chapter 11 plan of reorganization (the "Plan") and completes its restructuring. The Plan includes the infusion of new equity capital pursuant to a common equity rights offering of up to $1.55 billion (the "Equity Rights Offering"). The Equity Rights Offering is backstopped by various leading financial institutions that hold approximately $1.1 billion of Talen Energy Supply's ("TES") existing unsecured notes and will, in the aggregate, hold the substantial majority of the equity of Talen upon consummation of the Plan. The Plan and Equity Rights Offering investment achieves an approximately $3 billion reduction in TES' debt, provides for full repayment of TES' first lien funded debt, and the consensual equitization of all of TES' existing unsecured notes.

Key Points: 
  • Mr. Hernandez has served as CEO since 2021, President and Director of the Company since 2019, and previously as CFO from 2016 through 2021.
  • "I thank Alex for his leadership in guiding Talen successfully through the recapitalization and restructuring process.
  • We welcome Mac McFarland to Talen and look forward to a successful and orderly transition," commented incoming Talen Board Chairman Stephen Schaefer.
  • We formed the Cumulus growth business, which is driving the convergence between digital infrastructure assets and carbon free energy.

Cumulus Launches Digital Pressure Testing and Work Done Right™ Podcast

Retrieved on: 
Wednesday, March 15, 2023

Digital Pressure Testing works by connecting the Cumulus Mobile App with a Bluetooth pressure gauge, empowering workers with intuitive step-by-step instructions to ensure process adherence.

Key Points: 
  • Digital Pressure Testing works by connecting the Cumulus Mobile App with a Bluetooth pressure gauge, empowering workers with intuitive step-by-step instructions to ensure process adherence.
  • "Pressure testing is the perfect example of an industrial work activity that benefits enormously from the added element of digitalization," said Matthew Kleiman, CEO of Cumulus.
  • "Early users of Digital Pressure Testing are already reporting better field to office transparency, improved performance among frontline workers, and less rework.
  • To learn more about Digital Pressure Testing, email [email protected] or visit: https://cumulusds.com/digital-pressure-testing-info/
    To listen to the Work Done Right™ podcast, visit: https://workdoneright.buzzsprout.com/

Cumulus Media Takes Listeners Behind the Scenes of GRAMMY® Award-Winning Icon Shania Twain’s New Single “Giddy Up!” in First Adult Contemporary Episodes of New Multi-Week Audio Series, “Your Music First”

Retrieved on: 
Monday, March 6, 2023

Cumulus Media will air the Your Music First episodes showcasing the five-time GRAMMY® Award-winning legend and the best-selling female artist in Country music history across 21 of the company’s Adult Contemporary radio stations.

Key Points: 
  • Cumulus Media will air the Your Music First episodes showcasing the five-time GRAMMY® Award-winning legend and the best-selling female artist in Country music history across 21 of the company’s Adult Contemporary radio stations.
  • The high-profile Your Music First campaign launched last month and takes listeners behind the scenes of new music from the biggest stars in different formats, including AC, Alternative, CHR, Country, Hot AC, Rock and Urban.
  • Cumulus Media created the Your Music First music series for radio stations that play new music to highlight new releases in a unique way by sharing the thoughts of the artist with radio listeners.
  • Manny Simon, Senior Vice President of Adult Formats, Republic Records, said: “On behalf of Republic Nashville and Shania Twain, we’re thrilled to partner with Cumulus Media on their Your Music First campaign.

Urban Cares for St. Jude Kids raises more than $1.5 million for St. Jude Children’s Research Hospital

Retrieved on: 
Tuesday, March 7, 2023

“Each and every year, the gospel, urban, and hip hop entertainment communities inspire us with their mission-driven generosity during Urban Cares for St. Jude Kids,” said Richard C. Shadyac Jr. , President and CEO of ALSAC , the fundraising and awareness organization for St. Jude Children’s Research Hospital.

Key Points: 
  • “Each and every year, the gospel, urban, and hip hop entertainment communities inspire us with their mission-driven generosity during Urban Cares for St. Jude Kids,” said Richard C. Shadyac Jr. , President and CEO of ALSAC , the fundraising and awareness organization for St. Jude Children’s Research Hospital.
  • It’s a powerful reminder of radio’s critical role in spreading awareness about the missions that matter most.”
    Since 2008, Urban Cares for St. Jude Kids has raised $23 million for St. Jude Children’s Research Hospital.
  • St. Jude Children’s Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases.
  • Support the St. Jude mission by donating at stjude.org , liking St. Jude on Facebook , following St. Jude on Twitter , Instagram , LinkedIn and TikTok , and subscribing to its YouTube channel.

Just Announced: Cumulus--The Future of Food Reaches 150 Speaker Milestone

Retrieved on: 
Tuesday, February 28, 2023

NEW YORK, Feb. 28, 2023 /PRNewswire-PRWeb/ -- Cumulus, a new, large-scale event focused on the future of food, announced that it has confirmed the participation of 150 senior executives from the leading agtech and foodtech startups, industry incumbents, and the most active investors in the sector.

Key Points: 
  • View the entire speaker list here .
  • "By gathering the most influential startups, investors and incumbents focused on the future of food, we are creating a community gathering that will facilitate the highest level conversations, knowledge-sharing networking and deals."
  • Cumulus will feature a plenary stage, four breakout stages, an innovation stage, pre-conference workshops, and a large-scale expo hall with opportunities to sample novel foods.
  • "Office Hours" will offer startups the chance to have walk-up meetings with leading VCs in a speed-dating fashion.

Leslie Fram and Steve Barnes Reunite to Re-Launch Legendary 99X Atlanta Morning Show

Retrieved on: 
Monday, February 27, 2023

ATLANTA, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) announced that beginning today Leslie Fram reunites with Steve Barnes as co-host of the re-launched legendary 99X morning show now known as “The Morning X with Barnes and Leslie.” The radio broadcast, which had its original success on Atlanta's alternative rock station from 1994 to 2003, airs from 6 – 10 a.m. ET each weekday with all-new content as well as classic segments from the legacy show. The show can also be streamed on 99X.com or via the 99X app.

Key Points: 
  • ATLANTA, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) announced that beginning today Leslie Fram reunites with Steve Barnes as co-host of the re-launched legendary 99X morning show now known as “The Morning X with Barnes and Leslie.” The radio broadcast, which had its original success on Atlanta's alternative rock station from 1994 to 2003, airs from 6 – 10 a.m.
  • The popular podcast The Pop Culture Show that the duo founded at the onset of the pandemic now re-brands as The Morning X with Barnes & Leslie and joins the Cumulus Podcast Network.
  • In 1994, Brian Philips, now Chief Content Officer at parent Cumulus Media, had paired Barnes and Leslie on the original “Morning X with Barnes, Leslie and Jimmy” (Baron).
  • It’s unprecedented to be able to entirely rebuild a classic station with members of its original cast.”
    “It's a thrill to come back ‘home’ to The Morning X and 99X,” said Barnes.

Joseph James - "Valentine" Single Release

Retrieved on: 
Monday, February 13, 2023

NEW YORK, Feb. 13, 2023 /PRNewswire/ -- "Valentine" is Joseph James' debut single released worldwide on January 2nd, 2023, and currently #22 on the Billboard AC chart.

Key Points: 
  • NEW YORK, Feb. 13, 2023 /PRNewswire/ -- "Valentine" is Joseph James' debut single released worldwide on January 2nd, 2023, and currently #22 on the Billboard AC chart.
  • This debut single will soon be followed by 10 more powerhouse tracks on Joseph's debut album, '5.5.'
  • Joseph is an award-winning mainstream singer-songwriter and producer from New York, and the founder of AP Music Group.
  • Joseph has performed, produced and toured with major acts all over the world.

Cumulus Media to Bring America’s Best New Music Front and Center with Exclusive Artist Commentary Through “Your Music First” Audio Series

Retrieved on: 
Monday, February 6, 2023

ATLANTA, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today launched a new audio series, Your Music First, across its 47 Country radio stations in markets across the United States.

Key Points: 
  • ATLANTA, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today launched a new audio series, Your Music First, across its 47 Country radio stations in markets across the United States.
  • Thomas Rhett is a Valory Music Co. recording artist.
  • Cumulus Media created the Your Music First audio series for radio stations that play current music to highlight new music in a unique way by sharing the artists’ thoughts with their fans.
  • We’re thrilled that Thomas Rhett’s new single, “Angels (Don’t Always Have Wings)” has been chosen to launch this program!”

Cumulus Data Completes Key Milestones in Construction of its Flagship Zero-Carbon Susquehanna Data Center Campus

Retrieved on: 
Tuesday, January 17, 2023

HOUSTON, Jan. 17, 2023 /PRNewswire/ -- Cumulus Data ("Cumulus") announced today that it has completed key milestones in the construction of Phase 1 of its flagship 475-megawatt zero-carbon Susquehanna data center campus located in northeast Pennsylvania. The construction of the powered shell for its first 48-megawatt, 300,000 square foot data center is complete and available for lease, with various fiber routes in service. A video of the first Cumulus data center powered shell can be accessed here.

Key Points: 
  • First 48-megawatt powered shell complete and available for lease, fiber in service
    HOUSTON, Jan. 17, 2023 /PRNewswire/ -- Cumulus Data ("Cumulus") announced today that it has completed key milestones in the construction of Phase 1 of its flagship 475-megawatt zero-carbon Susquehanna data center campus located in northeast Pennsylvania.
  • A video of the first Cumulus data center powered shell can be accessed here.
  • "Our flagship Cumulus Susquehanna data center campus is positioned to welcome its first tenant and commence commercial operations this year," said CEO Alejandro "Alex" Hernandez.
  • "We look forward to advancing our mission to solve the energy 'trilemma' which we define as the rapidly increasing consumer demand for zero-carbon, low-cost, and reliable electricity by data center customers, beginning with our first Cumulus Susquehanna data center campus."

Augtera Networks Welcomes Allan Rickhi as Vice President of Channels and Alliances

Retrieved on: 
Tuesday, January 10, 2023

Augtera Networks, the industry leader in AI/ML-powered Network Operations Solutions, today announced that Allan Rickhi has joined as Vice President of Channels and Alliances.

Key Points: 
  • Augtera Networks, the industry leader in AI/ML-powered Network Operations Solutions, today announced that Allan Rickhi has joined as Vice President of Channels and Alliances.
  • View the full release here: https://www.businesswire.com/news/home/20230110005183/en/
    Allan Rickhi, Vice President of Channels and Alliances, Augtera Networks (Photo: Business Wire)
    Allan brings over twenty years of Sales Leadership experience to Augtera Networks selling to both the Private and Public Sectors having held key roles at Dell Technologies, Cumulus, Plexxi, Crossbeam, Unisphere and Bay Networks.
  • “Enterprises increasingly want Augtera Network AI integrated with their broader data center and multi-cloud compute, storage and network ecosystems,” said Rahul Aggarwal, Founder and CEO of Augtera Networks.
  • “I am honored to join the Augtera Networks team and enable our strategic partners in using best in breed AI/ML to automate network observability and deliver on the full promise of DevOps,” said Allan Rickhi, VP of Channels and Alliances for Augtera Networks.