Cumulus has adopted a short-term shareholder rights plan to protect shareholder interests and maximize value during pandemic related economic changes. According to a release, “The Board has taken note of the unprecedented impact of the COVID-19 pandemic on equity market valuations which has led to substantial volatility in the trading of the company’s stock and a dislocation in Cumulus’ stock price, which the Board believes does not reflect the company’s inherent value or business performance.” More here.