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purpledevil
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Cumulus on Monday (Nov. 5) moved 19 stations in 10 states into a newly created trust, Stratus Radio LLC, to comply with FCC market regulations to meet ownership rules. The trust, headed by Scott Knoblauch, will be an independent trustee and will sell the stations to a third party. The trust has been directed to operate the stations as independent voices and competitors in their respective markets. These stations are set to be sold by the middle of next year.