CUMULUS MEDIA INC

CUSIP: 231082108 Class: CMN

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016
Shares 1,255,405 Value ($000) $414 Avg Close — Range —
Q2 2016
Shares 1,255,405 Value ($000) $389 Avg Close — Range —
Q1 2016
Shares 1,255,405 Value ($000) $583 Avg Close — Range —
Q4 2015
Shares 1,255,405 Value ($000) $414 Avg Close — Range —
Q3 2015
Shares 1,255,405 Value ($000) $884 Avg Close — Range —
Q2 2015
Shares 1,234,906 Value ($000) $2,507 Avg Close — Range —
Q1 2015
Shares 1,234,906 Value ($000) $3,050 Avg Close — Range —