 In a SEC 8-K filing dated January 15, 2013, DG announced that it had extended a loan waiver agreement with certain lenders.On August 29, 2013, Cumulus Broadcasting announced its intent to acquire Dial Global to $260 million, and merge it into its existing Cumulus Media Networks division.To fund the sale, Cumulus sold 53 radio stations to Townsquare Media (a radio broadcasting company owned by Oaktree), and traded 15 more stations to Townsquare in exchange for a cluster in Fresno, California formerly owned by Peak Broadcasting—which was also being acquired by Townsquare.