
As part of the agreement, Cumulus, which owns more than 500 radio stations, will take a "significant equity" stake in Rdio's parent company, and in exchange will sell advertising for Rdio's new free service, the Times reported. Cumulus will also give Rdio "broad access to its programming," as well as "promote Rdio on its stations." Cumulus' interest in Rdio is to help expand its online presence. "This is our digital... Reported by The Verge 2 hours ago.