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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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Checkbox not checked   Rule 13d-1(d)


SCHEDULE 13D/A 0000897069-24-000197 0001925808 XXXXXXXX LIVE 1 Class A Common Stock, par value $0.0000001 per share 03/26/2025 false 0001058623 231082801 CUMULUS MEDIA INC 780 Johnson Ferry Road, NE Suite 500 Atlanta GA 30342 Ravinder Sajwan 65 6587 7383 463 MacPherson Road Singapore U0 368181 Copy to: Peter D. Fetzer 414.297.5596 Foley & Lardner LLP 777 East Wisconsin Avenue, Suite 3800 Milwaukee WI 53202-5306 0001925808 Renew Group Private Ltd WC U0 1427033 0 1427033 0 1427033 N 8.28 CO Class A Common Stock, par value $0.0000001 per share CUMULUS MEDIA INC 780 Johnson Ferry Road, NE Suite 500 Atlanta GA 30342 This Schedule 13D is being filed by Renew Group Private Ltd. (the "Reporting Person") to report its holdings of Common Stock in Cumulus Media Inc. (the "Company"). Set forth on Schedule A attached hereto ("Schedule A") is the name and present principal business, occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted, and the citizenship of the control person, executive officers and directors of the Reporting Person (the "Related Parties"). To the best of the knowledge of the Reporting Person, none of the persons listed on Schedule A beneficially owns any securities of the Company or is a party to any contract, agreement, or understanding required to be disclosed herein. The principal business address of the Reporting Person is 463 MacPherson Road, Singapore 368181. The Reporting Person owns and operates various companies in medical, energy, water, media and other industries for both industrial and consumer use. During the last five years, the Reporting Person and the Related Parties were not convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, the Reporting Person and the Related Parties were not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in any such party being subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. Not applicable as the Reporting Person is not a natural person. In aggregate, the Reporting Person has voting and dispositive power over 1,427,033 shares of Common Stock of the Company acquired at an aggregate cost of $6,139,119. As of the date of this filing, the Reporting Person has no margin or other loans outstanding secured by Common Stock. The Reporting Person owns 8.28% of the Company in the aggregate, based upon the Company's aggregate outstanding shares as of February 20, 2025. The Reporting Person intends to monitor the performance and corporate governance of the Company, as well as the actions of the Company's management and board. As it deems necessary, the Reporting Person will assert its stockholder rights. To the extent the actions described herein may be deemed to constitute a "control purpose" with respect to the Securities Exchange Act of 1934, as amended, and the regulations thereunder, the Reporting Person has such a purpose. Except as noted in this Schedule 13D, the Reporting Person does not have any plans or proposals, which relate to, or would result in, any of the matters referred to in paragraphs (b) through (j), inclusive of Item (4) of Schedule 13D. The Reporting Person may, at any time and from time to time, review or reconsider its positions and formulate plans or proposals with respect thereto. The Reporting Person beneficially owns in the aggregate 1,427,033 shares of Common Stock, which represents approximately 8.28% of the Company's outstanding shares of Common Stock. The percentages used in this filing are calculated based upon the number of outstanding shares of the Class A Common Stock, 16,917,736, and Class B Common Stock, 312,041, reported as outstanding as of February 25, 2025 in the Company's most recent Annual Report on Form 10-K. None of the Related Parties beneficially own any shares of the Common Stock, and none of them have had any transactions in the Common Stock within the past 60 days. Number of Shares Beneficially Owned with Sole Voting and Dispositive Power: 1,427,033 Number of Shares Beneficially Owned with Shared Voting and Dispositive Power: None The Reporting Person made the following transactions in the Common Stock within the past 60 days (all shares reflected are Class A Common Stock): Trade Date: 2/28/2025 Number of Shares Sold: 300 Price Per Share: $0.8295 Where and How Transaction Effected: Open Market Trade Date: 3/3/2025 Number of Shares Sold: 417 Price Per Share: $0.6476 Where and How Transaction Effected: Open Market Trade Date: 3/4/2025 Number of Shares Sold: 3,000 Price Per Share: $0.5338 Where and How Transaction Effected: Open Market Trade Date: 3/5/2025 Number of Shares Sold: 8,133 Price Per Share: $0.5426 Where and How Transaction Effected: Open Market Trade Date: 3/6/2025 Number of Shares Sold: 8,977 Price Per Share: $0.5288 Where and How Transaction Effected: Open Market Trade Date: 3/7/2025 Number of Shares Sold: 4,652 Price Per Share: $0.5313 Where and How Transaction Effected: Open Market Trade Date: 3/25/2025 Number of Shares Sold: 25,849 Price Per Share: $0.4815 Where and How Transaction Effected: Open Market Trade Date: 3/26/2025 Number of Shares Sold: 71,855 Price Per Share: $0.5165 Where and How Transaction Effected: Open Market Trade Date: 3/27/2025 Number of Shares Sold: 91,210 Price Per Share: $0.5082 Where and How Transaction Effected: Open Market NA NA None. Exhibit 99.1 Schedule A Identity and Background Related Parties: Filed Herewith. Renew Group Private Ltd /s/ Ravinder Sajwan Chief Executive Officer 03/28/2025