Document:

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                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made and entered into effective the 1st day of
December, 2000, by and between CUMULUS MEDIA INC., an Illinois corporation (the
"Company"), and Jon Pinch (the "Employee").

                                R E C I T A L S:

         The Company desires to employ the Employee in the capacity of Executive
Vice President and Chief Operating Officer and the Employee desires to be so
employed. Accordingly, the Company and the Employee desire to set forth in this
Agreement the terms and conditions under which the Employee is to be employed by
the Company.

         NOW, THEREFORE, the parties agree as follows:

                                   ARTICLE I

                           General Terms of Employment

         Beginning the first day of December 2000 and for the remainder of the
term of this Agreement (the "Agreement Term"), the Company shall employ the
Employee and the Employee shall serve the Company as a full-time employee in the
capacity of Executive Vice President and Chief Operating Officer of the Company.
In this capacity, Employee shall report to the Chief Executive Officer of the
Company. Subject to the direction of the Chief Executive Officer, the Employee
shall be responsible for the overall direction and supervision of the Company
and its operating subsidiaries.

                                   ARTICLE II

                       Compensation and Equity Incentives

         2.1 Base Salary. During the Agreement Term, the Company shall pay to
the Employee a base salary of Four Hundred Twenty-Five Thousand Dollars
($425,000) per annum (the "Base Salary") payable in equal installments not less
frequently than semi-monthly. The Base Salary shall be reviewed annually for any
merit increases by the Compensation Committee (the "Compensation Committee") of
the Board of Directors of the Company (the "Board").

         2.2 Annual Bonus. In addition to the Base Salary, the Employee,
beginning in the Company's 2001 fiscal year, shall be eligible to receive an
annual bonus (the "Bonus") based on whether the Company achieves its
Board-approved budget for annual broadcast cash flow ("Budgeted Broadcast Cash
Flow") for the year involved. The amount of the bonus for a year will be
determined based on the table below, where X means actual broadcast cash flow
for the year and Y means Budgeted Broadcast Cash Flow for the year. The annual
budget for Broadcast

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Cash Flow will be equitably adjusted upwards or downwards to reflect changes
from assumptions in the original budget in the timing of starting LMA's or
taking over properties, and to reflect acquisitions and LMA's not part of the
original budget. All bonus decisions shall be made first by the Chief Executive
Officer, and then shall be reviewed and approved by the Compensation Committee,
subject to any modifications that the Compensation Committee may make. Any Bonus
shall be paid as promptly as practicable following the calculation of the actual
broadcast cash flow for the preceding fiscal year.

                   Performance                      Annual Bonus
                   -----------                      ------------
             X < Y                              0
             X = Y                              $100,000
             110% of Y > X > Y                  $100,000  + $10,000  for each
                                                percentage  point  in  excess
                                                of 100%
             X > 110% of Y                      $200,000
               -

         2.3 Equity Incentives. The Compensation Committee will meet and make
the following grants to Employee of options to purchase shares of the Company's
Class A Common Stock (the "Time-Vested Options"): (a) prior to December 15,
2000, Time-Vested Options to purchase 200,000 shares shall be granted to the
Employee; (b) prior to December 15, 2001, Time-Vested Options to purchase an
additional 150,000 shares shall be granted to the Employee; and (c) prior to
December 15, 2002, Time-Vested Options to purchase an additional 100,000 shares
shall be granted to the Employee. Each grant of Time-Vested Options shall be
subject to the terms of the stock option agreement which will accompany the
grant and will be entered into between the Company and the Employee, provided
however that the terms contained in such stock option agreements shall be
consistent with the terms of this Agreement. Except as otherwise provided for in
this Agreement, the Time-Vested Options shall vest based on the continued
employment of the Employee in equal quarterly installments of 1/16 of the number
of subject shares on the last day of each of the 16 consecutive calendar
quarters ending following the date of grant. The exercise price of the
Time-Vested Options shall be the market price per share on the date of each
grant. The Time-Vested Options shall have a 10-year term of exercise and, except
as otherwise provided in this Agreement, shall remain exercisable following
vesting until the earlier of the expiration of one (1) year after Employee's
termination of employment with the Company and the expiration of the full term
of the Time-Vested Option.

                                  ARTICLE III

                      Sign-On Bonus, Expenses and Benefits

         3.1 Sign-on Bonus. On January 5, 2001, the Company shall pay to the
Employee a sign-on bonus of $100,000. In the event within one (1) year of the
date of this Agreement the Employee's employment hereunder is terminated because
of his voluntary resignation other than for Good Reason or because the Company
has terminated the Employee for Cause, the Employee

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shall return a pro rata portion (based on the actual number of days the Employee
remained employed by the Company during such one (1) year period) of the sign-on
bonus to the Company within seven (7) days of the date of termination.

         3.2 Expenses. The Company shall pay or reimburse the Employee for all
reasonable out-of-pocket expenses incurred by the Employee in the course of
performing his duties for the Company in accordance with the Company's expense
account and reimbursement policies from time to time in effect. The Employee
shall keep accurate records and receipts of such expenditures and shall submit
such accounts and proof thereof as may from time to time be required in
accordance with such expense account or reimbursement policies that the Company
may establish for its personnel generally. In addition, the Employee shall
receive a car allowance of Seven Hundred Dollars ($700) per month. The Company
will also pay the reasonably incurred direct costs of moving the Employee's
personal effects to Atlanta. At its expense, the Company will also provide
temporary living accommodations for Employee while working in Atlanta for up to
four (4) months, and the reasonable attorney fees incurred by Employee in
connection with his entering into this Agreement.

         3.3 Benefits. The Employee shall be entitled during the term hereof to
receive such incentive stock options as the Compensation Committee in its
discretion may decide. In addition, the Employee shall be entitled during the
term hereof to receive such fringe benefits and to participate in such benefit
programs as the Company may from time to time make generally available to its
senior executives of the Company including, but not limited to, any group health
and life insurance, qualified or non-qualified pension, profit sharing and
savings plans, any death benefit and disability benefit plans, any medical,
dental, health and welfare plans and any stock purchase programs that are
approved by the Compensation Committee on terms and conditions comparable to
those generally provided to other senior executives of the Company. The Employee
acknowledges that he shall have no vested rights under any such benefit programs
except as expressly provided by the terms thereof and that such programs and the
prerequisites thereof may be established or eliminated at any time at the
discretion of the Company.

                                   ARTICLE IV

                              Term and Termination

         4.1 Term. The Agreement Term shall commence as of the date hereof and
shall continue thereafter for a term of three (3) years unless earlier
terminated by either party in accordance with Section 4.2 below. The Agreement
Term shall automatically be renewed for consecutive renewal terms of one (1)
year, unless either party notifies the other party of its desire not to renew
the Agreement no less than sixty (60) days prior to the last day of the initial
three-year term, or no less than thirty (30) days prior to the last day of any
one-year renewal term.

         4.2 Earlier Termination. Notwithstanding the term stated in Paragraph
4.1 hereof, the Employee's employment under this Agreement may be terminated
immediately upon any of the following:

             (a) In the event of the Employee's death.

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         (b) In the event of the Employee's Disability. For purposes of this
Agreement, "Disability" shall mean the inability of the Employee to perform his
duties for the Company on account of physical or mental illness for a period of
six consecutive full months, or a period of nine full months during any 12-month
period in either case as a result of a condition that is treated as a total or
permanent disability under the long term disability insurance policy of the
Company that covers the Employee. The Employee's employment hereunder shall be
deemed terminated by reason of Disability on the last day of the applicable
period; provided, however, in no event shall the Employee be terminated by
reason of Disability unless the Employee receives written notice from the
Company, at least 30 days in advance of such termination, stating its intention
to terminate the Employee for reason of Disability.

         (c) By the Company forthwith upon notice to the Employee whether or not
the Employee has committed any acts constituting "Cause." For purposes of this
Agreement, "Cause" for termination of the Employee shall exist only upon (i) the
conviction of the Employee of a felony under the laws of the United States or
any state thereof, whether or not appeal is taken, (ii) a material breach by the
Employee of any agreement with the Company concerning noncompetition or the
confidentiality of proprietary information, (iii) gross negligence of the
Employee, willful misconduct of the Employee, or willful or continued failure by
the Employee (except as provided in Section 4.2(b) hereof) to substantially
perform his duties hereunder, in either case which has a material adverse effect
on the Company; or (iv) the willful fraud or material dishonesty of the Employee
in connection with his performance of duties to the Company. However, in no
event shall the Employee's employment be considered to have been terminated for
"Cause" unless and until the Employee receives a copy of a resolution adopted by
the Board finding that, in the good faith opinion of the Board, the Employee is
guilty of acts or omissions constituting Cause, which resolution has been duly
adopted by an affirmative vote of a majority of the Board. The Employee shall
have the opportunity to cure any such acts or omissions (other than item (i)
above) within 15 days of the Employee's receipt of such resolution.

         (d) By the Employee through voluntary resignation.

         (e) By the Employee for "Good Reason." "Good Reason" for purposes of
this Agreement shall mean:

                  (i) the assignment to the Employee of duties materially
         inconsistent with the Employee's position (including status, offices,
         titles or reporting relationships), authority, duties or
         responsibilities as contemplated by ARTICLE I hereof, any material
         adverse change in the Employee's reporting responsibilities, or any
         action by the Company that results in a material diminution in such
         position, authority, duties or responsibilities, but excluding for
         these purposes an action not taken in bad faith and which is remedied
         by the Company promptly after receipt of notice thereof given by the
         Employee;

                  (ii) any failure by the Company to comply in a material
         respect with the compensation and benefits provisions of ARTICLES II or
         III hereof or to comply with any other material obligation of the
         Company under this Agreement, including, without limitation, any
         failure by the Company to obtain an assumption

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          of this Agreement by a successor corporation as required under Section
          8.4(a) hereof, but excluding for these purposes a failure or action
          not taken in bad faith and which is remedied by the Company promptly
          after receipt of notice thereof given by the Employee; or

                  (iii) the relocation, without the consent of the Employee, of
         the Employee's office to a location more than 40 miles from Atlanta,
         Georgia.

                                   ARTICLE V

                   Compensation upon Termination of Employment

         In the event the Employee's employment is terminated during the
Agreement Term, the Employee shall be entitled to the severance payments and
benefits specified below:

         5.1 Termination by Company Without Cause or by Employee for Good
Reason.

         In the event Employee is terminated by the Company other than for
Cause, death or Disability, or in the event the Employee resigns with Good
Reason, the Company shall pay the Employee and provide him with the following:

             (a) Accrued Rights. The Company shall pay the Employee a lump-sum
amount equal to the sum of (1) his earned but unpaid Base Salary through the
date of termination, (2) any earned but unpaid Bonus under Section 2.2 above,
and (3) any business expenses or other amounts due to the Employee from the
Company as of the date of termination. In addition, the Company shall provide to
the Employee all payments, rights and benefits due as of the date of termination
under the terms of the Company's employee and fringe benefit plans and programs
in which the Employee participated during the term (together with the lump-sum
payment, the "Accrued Rights").

             (b) Severance Payment. The Company shall pay the Employee the
greater of (A) the amount equal to two-thirds (2/3) of the aggregate Base Salary
payments (at the rate in effect at the time of termination) that remain payable
to the Employee from the date of termination until the expiration of the
Agreement Term, or (B) the amount equal to the annual Base Salary in effect at
the time of termination. Any amount payable pursuant to clause (A) or clause (B)
above shall be payable in four equal consecutive quarterly installments, with
the first such payment to be made within 15 days following the date of
termination.

             (c) Equity Rights. As of the date of the Employee's termination
under this paragraph, Employee shall be entitled to (i) any vested portion (as
determined immediately prior to the termination) of the Time-Vested Options and
(ii) that portion of any unvested portion (as determined immediately prior to
the termination) of the Time-Vested Options which would have vested had Employee
remained employed with the Company for one (1) year beyond the date of
termination, which options in both cases shall remain exercisable until the
earlier of the expiration of one (1) year after the date of termination and the
expiration of the full term thereof. The remainder of the Time Vested Options
shall be forfeited.

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         5.2 Voluntary Resignation or Termination for Cause.

         In the event the Employee's employment hereunder is terminated
hereunder because of his voluntary resignation other than for Good Reason or
because the Company has terminated the Employee for Cause, the Company shall pay
the Employee and provide him with any and all Accrued Rights. Any unvested
Time-Vested Options shall terminate immediately and shall be of no further force
or effect. Any vested Time-Vested Options shall remain exercisable until the
earlier of the expiration of one (1) year after the date of termination and the
expiration of the full term thereof.

         5.3 Disability; Death.

         In the event the Employee's employment hereunder is terminated by
reason of the Employee's Disability or death, the Company shall pay and provide
the Employee (or his legal representative or estate) with the following:

             (a) Accrued Rights. The Company shall pay and provide to the
Employee (or his legal representative or estate) any and all Accrued Rights,
including all disability or life insurance benefits as applicable);

             (b) Salary Continuation. The Company shall provide the Employee (or
his legal representative or estate) with continued payment of the Employee's
then-current Base Salary for a period of 12 months.

             (c) Equity Rights. As of the date of the Employee's termination
under this paragraph, Employee shall be entitled to any vested portion of the
Time-Vested Options, which shall remain exercisable until the earlier of the
expiration of one year after the date of termination and the expiration of the
full term thereof. The remainder of the Time-Vested Options shall be forfeited.

         5.4 Change in Control.

         In the event of a termination of employment by the Employee for Good
Reason or of a termination of employment by the Company other than for Cause,
which occurs within one year following a Change in Control as defined below,
then, Employee shall receive the benefits identified in 5.1 (a), (b), and (c),
and Employee shall also be entitled to any unvested portion of the Time-Vested
Options, which shall become immediately and fully vested and exercisable and
shall remain exercisable until the expiration of the full term thereof. For
purposes of this Agreement, a "Change in Control" shall be deemed to have
occurred by reason of:

             (a) The sale, lease, transfer, conveyance, or other disposition
(other than by way of merger or consolidation), in one or a series of related
transactions, of all or substantially all of the assets of the Company and its
subsidiaries taken as a whole to any "person" or group of related "persons" (a
"Group") (as such terms are used in Section 13(d)(3) of the Securities Exchange
Act of 1934 (the "Exchange Act") other than Richard W. Weening and Lewis W.
Dickey, Jr. (a "Principal") or (1) any stockholder beneficially owning more than
40% of the aggregate voting power of all classes of capital stock of the Company
having the right to elect directors under ordinary circumstances, 80% (or more)
owned subsidiary, or spouse or

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immediate family member (in the case of an individual) of a Principal or (2) any
trust, corporation, partnership, or other entity, the beneficiaries,
stockholders, partners, owners or "persons" beneficially holding an 80% or more
controlling interest of which consist of such Principal and/or other "persons"
referred to in the immediately preceding clause (1);

             (b) The adoption of a plan relating to the liquidation or
dissolution of the Company;

             (c) The consummation of any transaction (including, without
limitation, any purchase, sale, acquisition, disposition, merger, or
consolidation) the result of which is that any "person" (as defined above) or
Group becomes the "beneficial owner" (as such term is defined in Rule 13d-3 and
Rule 13d-5 under the Exchange Act) of more than 35% of the aggregate voting
power of all classes of capital stock of the Company having the right to elect
directors under ordinary circumstances; or

             (d) The first day on which a majority of the members of the Board
are not "Continuing Directors", where "Continuing Directors" are either (1)
members of the Board on the Effective Date or (2) members of the Board nominated
for election or elected to such Board with the approval of two-thirds of the
Continuing Directors who were members of the Board at the time of such
nomination or election, or two-thirds of those directors who were previously
approved of by Continuing Directors.

                                   ARTICLE V-A

         The Employee shall not be required to seek other employment or to
reduce any severance benefit payable to him under ARTICLE V hereof, no such
severance benefit shall be reduced on account of any compensation received by
the Employee from other employment. The Company's obligation to pay severance
benefits under this Agreement shall not be reduced by any amount owed by the
Employee to the Company.

                                   ARTICLE VI

                         Confidentiality and Inventions

         6.1 Duty Not to Disclose. The Employee acknowledges that trade secrets
and other information, observations and data, whether written or oral, obtained
by him while employed by the Company concerning the business or affairs of the
Company that is proprietary to the Company or any of its customers or suppliers
("Confidential Information") are the property of the Company or such customers
or suppliers. Therefore, the Employee agrees that he shall not disclose to any
unauthorized person or use for his own account any Confidential Information
without the prior written consent of the Board, unless and to the extent that
the aforementioned matters become generally known to and available for use by
the public other than as a result of the Employee's acts or omissions to act.
The Employee shall deliver to the Company at the termination of Employment, or
at any other time the Company may request, all memoranda, notes, plans, records,
reports, computers, computer tapes and software and other documents and data (an
copies thereof) relating to the Confidential Information, Work Product (defined
in Section 6.2), or the business of the Company which he may then possess or
have under his

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control. Notwithstanding this Section 6.1, Confidential Information may be
disclosed pursuant to a subpoena or valid final order of a court or
administrative body of competent jurisdiction to the extent necessary to comply
therewith, in which event the Employee shall notify the Company as promptly as
practicable (and, if possible, prior to making any disclosure) and shall seek
confidential treatment of such information. The covenants made in this Section
6.1 shall remain in effect during the term of the Employee's employment with the
Company and, in the case of Confidential Information that constitute trade
secrets under the Georgia Uniform Trade Secrets Act, shall survive the
termination of such employment for any reason indefinitely, and, in the case of
all other Confidential Information, shall survive for a period of five (5) years
after such termination.

         6.2 Ownership. The Employee further agrees and acknowledges that
Confidential Information other than that of suppliers and customers, as between
the Company and the Employee, shall be deemed and at all times remain and
constitute the exclusive property of the Company, whether or not patentable or
copyrightable, and that the Company has reserved - and does hereby reserve - all
rights in and to the same for all purposes and to take all necessary and
appropriate precautions to avoid the unauthorized disclosure of any Confidential
Information.

         6.3 Return of Information. In the event the Employee's employment with
the Company terminates for any reason, the Employee shall, upon request by the
Company, promptly return to the Company all property of the Company and its
affiliates in the Employee's possession or under the Employee's direct or
indirect control, including, without limitation, all Confidential Information
and all equipment, notebooks, and materials, reports, notes, contracts,
memoranda, documents, and data of the Company or any of its affiliates or
constituting or relating to the Confidential Information (and any and all copies
thereof), whether typed, printed, written, or on any source of computer media,
unless the parties agree otherwise.

         6.4 Inventions. The Employee agrees that all inventions, innovations,
improvements, developments, methods, designs, analyses, drawings, reports, and
all similar or related information which relates to the Company's actual or
anticipated business, research and development or existing or future services
which are conceived, developed or made by the Employee while employed by the
Company ("Work Product") belong to the Company. The Employee will promptly
disclose such Work Product to the Board and perform all actions reasonably
requested by the Board (whether during or after employment) to establish and
confirm such ownership (including, without limitation, assignments, consents,
powers of attorney and other instruments).

                                  ARTICLE VII

                                 Noncompetition

         7.1 Acknowledgement. The Employee acknowledges that in the course of
his employment with the Company (a) he will become familiar with the Company's
trade secrets and with other confidential information concerning the Company,
(b) that his services have been and will be of special, unique and extraordinary
value to the Company, and (c) that the Company would be irreparably damaged if
the Employee were to provide similar services to any person or entity competing
with the Company or engaged in a similar business in the markets served or to

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be served by the Company. The Company and the Employee recognize that Employee
will be responsible for assisting in the development of the Company's strategies
and marketing programs with respect to the business of Company-owned or
-operated radio broadcasting stations as they exist on the date of the
Employee's termination of employment or radio broadcasting stations that have
been identified as potential acquisitions on the date of this Agreement and are
actually acquired by the Company (the "Business"), for supervising other
employees of the Company performing a variety of services related to the
Business, and for developing goodwill for the Company with respect to the
Business through Employee's personal contact with customers, agents, and others
having business relationships with the Company. There is therefore a danger that
this goodwill, a proprietary asset of the Company, may follow the Employee if
and when the Employee's relationship with the Company is terminated.
Accordingly, the Employee agrees and covenants as follows:

         7.2 Non-Compete. Subject to Section 7.7 below, during the period of the
Employee's employment with the Company in any capacity and during the twelve
(12) months after the termination of employment (collectively, the "Noncompete
Period"), the Employee shall not complete within the listening areas (as defined
by the Arbitron Metro Survey Area) set forth on Exhibit A, within which the
Company currently conducts the Business or currently has agreements pending
regulatory approval to engage in such businesses (collectively, the
"Territory"), by acting as a manager of a business substantially similar to the
Business, a supervisor of officers or employees rendering services for such a
business, or as an advisor with respect to the conduct of such a business,
whether on Employee's own behalf or as an employee, director, or independent
contractor of any enterprise that is competing with or plans to be in
competition with the Company with respect to the Business; provided, however,
that nothing in this Agreement shall prohibit the Employee from rendering or
offering to provide services with respect to office operations, equipment or
supplies or services related to business finances or operations of a nature
provided to companies generally and not specifically to those that are
conducting the Business.

         7.3 Covenant Not to Solicit Customers. Subject to Section 7.7, during
the period in which the Employee is employed by the Company (whether pursuant to
this Agreement or otherwise) and for one (1) year after the termination of
Employee's employment with the Company in all capacities, Employee will not,
directly or indirectly, on Employee's own behalf or on behalf of any other
individual or entity, solicit, call upon, divert, or actively take away, or
attempt to solicit, call upon, divert, or take away, for purposes of conducting
a business substantially similar to the Business, any individual, corporation,
partnership, or other association or entity who or that, at any time during the
period of the Employee's employment with the Company, both (a) obtained or
contracted services from the Company (a "Customer") or, to the Employee's
knowledge, was solicited by the Company for business (whether or not he, she, or
it became an actual customer) and (b) was contacted by the Employee at any time
during the term of the Employee's employment by the Company. Nothing herein
shall prohibit the Employee from being a passive owner of not more than 1/2 of
1% of the outstanding stock (and/or options to acquired stock) of any class of a
corporation which is publicly traded, so long as Employee has no active
participation in the business of such corporation. Subject to the consent of the
Company, which consent will not be unreasonably withheld, the Employee's
performance of minimal consulting services with a previous employer will not be
deemed to constitute "active participation" for purposes of the preceding
sentence.

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         7.4 Nonsolicitation of Employees and Suppliers. During the Noncompete
Period, the Employee shall not directly or indirectly through another entity (a)
induce or attempt to induce any employee of the Company to leave the employ of
the Company or in any way interfere with the relationship between the Company
and any employee thereof, (b) hire any person who was an employee of the Company
at any time during the Agreement Term and was solicited by the Employee, or (c)
induce or attempt to induce any supplier, licensor or other non-customer
business relation of the Company to cease doing business with the Company or
interfere in any way with the relationship between any such supplier, licensor
or business relation and the Company.

         7.5 Expansion of Business. In the event that, and each time during the
Employee's employment with the Company as, the Company (a) establishes the
Business hereafter in a territory other than the Territory or (b) adds a
substantially different service line to the Business, the Employee agrees to
execute and deliver an amendment to this Agreement adding the territory or
additional service line or some combination thereof upon payment to the Employee
by the Company of the sum of $100.00.

         7.6 Enforcement. If, at the time of enforcement of this Article VII, a
court holds that the restrictions stated herein are unreasonable under
circumstances then existing, the parties hereto agree that the maximum, period,
scope or geographical area reasonable under such circumstances shall be
substituted for the stated period, scope or area. Because the Employee's
services are unique and because the Employee has access to Confidential
Information and Work Product, the parties hereto agree that money damages would
be an inadequate remedy for any breach of this Agreement. Therefore, in the
event a breach or threatened breach of this Agreement, the Company or its
successors or assigns may, in addition to other rights and remedies existing in
their favor, apply to any court of competent jurisdiction for specific
performance and/or injunctive or other relief in order to enforce, or prevent
any violations of, the provisions hereof (without posting a bond or other
security).

         7.7 Application to Company and Subsidiaries. For purposes of the
covenants made in this Article VII, references to the Company shall include all
subsidiaries.

                                  ARTICLE VIII

                                  Miscellaneous

         8.1 Withholding; Method of Payment.

         All amounts payable to the Employee pursuant to this Agreement are
stated before any deductions therefrom for FICA taxes, state and federal
withholding taxes and other payroll deductions required to be made by the
Company under applicable law. The Company shall have the right to rely upon an
opinion of its regular accountants or other tax advisors if any questions should
arise as to any such deductions. Any lump-sum payments provided for in this
Agreement shall be made in a cash payment, net of any required tax withholding,
no later than the fifth business day following the Employee's date of
termination or other payment date. Any payment required to be made to the
Employee under this Agreement that is not made in a timely manner shall bear
interest until the date of payment at an interest rate equal to 120% of the

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monthly compounded applicable federal rate as in effect under Section 1274(d) of
the Code for the month in which payment is required to be made.

         8.2 Notices.

         Any notice required or permitted to be given or made by either party to
the other hereunder shall be in writing and shall be considered to be given and
received in all respects one business day after when hand delivered, when sent
by prepaid express or courier delivery service, or after deposited in the United
States mail, certified or registered mail, return receipt requested, on the date
shown on such return receipt, in each case addressed to the parties at their
respective addresses set forth opposite their signatures hereto or to such
changed address as either party shall designate by proper notice to the other.

         8.3 Severability.

         If for any reason one or more of the provisions of this Agreement are
deemed by a court of competent jurisdiction to be unenforceable or otherwise
void by operation of law, the remainder of this Agreement will be deemed to be
valid and enforceable and shall be construed as if such invalid or unenforceable
provision were omitted.

         8.4 Assignment; Binding Affect.

             (a) This Agreement shall be binding upon and shall inure to the
benefit of the Company, its successors and any person, firm, corporation or
other entity which succeeds to all or substantially all of the business, assets
or property of the Company. The Company will require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business, assets or property of the Company, to
expressly assume and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such
succession had taken place. As used in this Agreement, the "Company" shall mean
the Company as hereinbefore defined and any successor to its business, assets or
property as aforesaid which executes and delivers an agreement provided for in
this Section 8.4 or which otherwise becomes bound by all the terms and
provisions of this Agreement by operation of law.

             (b) This Agreement and all rights of the Employee hereunder shall
inure to the benefit of and be enforceable by the Employee's personal or legal
representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees. If the Employee should die while any amounts are due and
payable to him hereunder, all such amounts, unless otherwise provided herein,
shall be paid to the Employee's designated beneficiary or, if there be no such
designated beneficiary, to the legal representatives of the Employee's estate.

         8.5 Entire Agreement.

         This Agreement contains the entire understanding between the parties
with respect to the matters set forth herein and therein and all prior
discussions, negotiations, agreements, correspondence and understandings between
the parties (whether oral or written) are merged herein and therein and
superseded hereby. Notwithstanding the foregoing, the parties hereto shall enter
into stock option agreements in respect of the Time-Vested Option setting forth
terms

                                       11
<PAGE>

and conditions consistent with the provisions of this Agreement. No provision in
this Agreement may be amended or modified other than in writing.

         8.6 Waiver of Breach.

         No waiver by either party hereto of any breach of any provision of this
Agreement shall be deemed a waiver by such party of any subsequent breach.

         8.7 Governing Law.

         This Agreement shall be construed and interpreted according to the laws
of the State of Georgia.

         8.8 Survival.

         Articles V, VI and VII of this Agreement shall survive and continue in
full force in accordance with their terms notwithstanding any termination of
employment.

         8.9 Counterparts.

         This Agreement may be signed in any number of counterparts, each of
which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

                                       12
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

Address for Notice:                        CUMULUS MEDIA INC.:

Cumulus Media Inc.
3535 Piedmont Road
Building 14, 14th Floor                    By:/s/
Atlanta, Georgia  30305                      ----------------------------------
Attention:  President

Address for Notice:                        EMPLOYEE:

Cumulus Media Inc
3535 Piedmont Road
Building 14, 14th Floor                    /s/ Jon Pinch
Atlanta, Georgia  30305                    ------------------------------------
Attention Jon Pinch                        Jon Pinch

with a copy to:

George N. Aronoff
Benesch, Friedlander, Coplan & Aronoff, LLP
2300 BP Tower
200 Public Square
Cleveland, Ohio  44114-2378

                                       13
<PAGE>

                                    Exhibit A

                          Description of the Territory

       Listening Area                                   Station
       --------------                                   -------

                                       14<PAGE>
                                                                    EXHIBIT 10.3

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT, made and entered into effective the 12th day of May,
2000, by and between CUMULUS MEDIA INC., an Illinois corporation (the
"Company"), and Martin Gausvik (the "Employee").

                                R E C I T A L S:

         The Company desires to employ the Employee in the capacity of Executive
Vice President, Treasurer, and Chief Financial Officer and the Employee desires
to be so employed. Accordingly, the Company and the Employee desire to set forth
in this Agreement the terms and conditions under which the Employee is to be
employed by the Company.

         NOW, THEREFORE, the parties agree as follows:

                                    ARTICLE I

                           General Terms of Employment

         During the term of this Agreement, the Company shall employ the
Employee and the Employee shall serve the Company as a full-time employee in the
capacity of Executive Vice President, Treasurer and Chief Financial Officer of
Cumulus Media Inc. Subject to the authority and direction of the Board of
Directors (and, at the discretion of the Board, the Executive Chairman), the
Employee shall be the principal treasury, financial and accounting officer of
the Company responsible for: (i) Company financial operations, planning and
budgeting; (ii) internal financial reporting to management, the Board and the
Audit Committee; (iii) external financial reporting to analysts, shareholders
and the SEC; (iv) the ongoing monitoring and analysis of business operations
versus plan and the analysis of variances from plan; (v) the development of
options for management to consider in correcting variances; (vi) the
implementation and operation of financial and operations information systems to
support all financial operations and to support management in the operation of
the business; (vii) monitoring debt agreements and covenants and compliance
reporting; (viii) and working with the Executive Chairman in developing and
maintaining the Company's relationships with analysts, lenders, bondholders and
shareholders; and (ix) such other duties as may be may be consistent with the
role of a senior executive and from time to time assigned by the President or
the Executive Chairman. The Employee agrees that during the term of this
Agreement he shall devote his best efforts, attention and skill on a full-time
basis to the business and affairs of the Company and its subsidiaries.

<PAGE>

                                   ARTICLE II

                       Compensation and Equity Incentives

         2.1 Base Salary. During the term of this Agreement, the Company shall
pay to the Employee a base salary of Two Hundred Seventy-Five Thousand Dollars
($275,000) per annum (the "Base Salary") payable in equal installments not less
frequently than semi-monthly. The Base Salary will be increased annually by not
less than five percent (5%).

         2.2 Bonus. In addition to the base salary provided for in Paragraph 2.1
hereof, the Employee shall be eligible to receive an annual bonus of up to Fifty
Percent (50%) of the Employee's Base Salary per annum (the "Potential Bonus"),
based on Employee's performance measured as follows. Employee shall be eligible
to receive up to Fifty Percent (50%) of the Potential Bonus (i.e., 25% of Base
Salary), as determined in the joint discretion of the Executive Chairman and the
Compensation Committee of the Board, who shall also consider the recommendation
of the President and the facts regarding the Employee's overall performance. The
Employee shall be eligible to receive up to a second Fifty Percent of the
Potential Bonus (i.e., 25% of Base Salary) in the event that the Company
achieves its Board-approved budget for annual Broadcast Cash Flow, or by such
other measure as Employee and the Executive Chairman shall mutually agree based
on the structure of other sales targets and commissions in the Company. The
Board will approve a budget for 2000 which takes into account performance to
date in setting a new Broadcast Cash Flow amount for purposes of determining the
Potential Bonus. The annual budget for Broadcast Cash Flow will be adjusted
upwards or downwards to reflect changes from assumptions in the original budget
in the timing of starting LMA's or taking over properties, and to reflect
acquisitions and LMA's not part of the original budget. Bonuses shall be based
on actual base salary paid to the Employee during the Company's Fiscal Year for
which Broadcast Cash Flow is measured; provided, however, that the Bonus for the
2000 fiscal year shall be based on Employee's full Base Salary on an annualized
basis. All bonus decisions and recommendations shall be made first by the
Executive Chairman and the President, and then shall be reviewed and approved by
the Compensation Committee of the Company's Board of Directors, subject to any
modifications that the Compensation Committee may make.

         2.3 Equity Incentives. Within 7 days of the date of this Agreement, the
Compensation Committee will meet and grant to Employee an option to purchase a
total of 300,000 shares of the Company's Class A Common Stock (the "Time-Vested
Option"). The Time-Vested Option shall be subject to the terms of the stock
option agreement which will accompany the award and will be entered into between
the Company and the Employee, provided however that the terms contained in such
Stock Option Agreement shall be consistent with the terms of this Agreement.
With respect to exercise price, the stock option agreement shall provide that
(1) the exercise price with respect to 200,000 shares shall be the market price
on the date of grant (the "First Grant"); (2) the exercise price with respect to
50,000 shares shall be Twenty Dollars ($20) per share (the "Second Grant"); and
(3) the exercise price with respect to the remaining 50,000 shares shall be
Thirty Dollars ($30) per share (the "Third Grant"). With

                                       2

<PAGE>

respect to vesting, the stock option agreement shall provide that (1) the option
shall vest with respect to 60,000 shares on each of the first through fifth
anniversaries of the date of grant, and (2) the option shall vest first with
respect to the First Grant, followed by the Second Grant, and the Third Grant,
until the option shares are fully vested.

                                   ARTICLE III

                              Expenses and Benefits

         3.1. Expenses. The Company shall pay or reimburse the Employee for all
reasonable out-of-pocket expenses incurred by the Employee in the course of
performing his duties for the Company in accordance with the Company's expense
account and reimbursement policies from time to time in effect. The Employee
shall keep accurate records and receipts of such expenditures and shall submit
such accounts and proof thereof as may from time to time be required in
accordance with such expense account or reimbursement policies that the Company
may establish for its personnel generally. In addition, the Employee shall
receive a car allowance of One Thousand Dollars ($1,000) per month. The Company
will also pay the direct costs of moving the Employee's personal effects to
Milwaukee, and (up to a maximum of Fifty Thousand Dollars ($50,000)) the real
estate commission and other direct costs associated with the sale of the
Employee's home in Livermore, CA. The Company will reimburse Employee for the
cost of coach class round trip air transportation travel to San Francisco for
weekend home visits no more frequently than every other weekend until the
Employee relocates his family to Milwaukee in the summer of 2000, and/or shall
reimburse Employee for several family trips to Milwaukee as may be mutually
agreed between Employee and the Executive Chairman. At its expense, the Company
will also provide temporary living accommodations for Employee while working in
Milwaukee.

         3.2 Benefits. The Employee shall be entitled during the term hereof to
receive such incentive stock options as the Compensation Committee in its
discretion may decide. In addition, the Employee shall be entitled during the
term hereof to receive such fringe benefits and to participate in such benefit
programs as the Company may from time to time make available to its salaried
employees generally including, but not limited to, any group health and life
insurance, any profit sharing plan or any 401(k) plan now or hereafter adopted
by the Company. The Employee acknowledges that he shall have no vested rights
under any such benefit programs except as expressly provided by the terms
thereof and that such programs and the prerequisites thereof may be established
or eliminated at any time at the discretion of the Company.

                                   ARTICLE IV

                              Term and Termination

         4.1. Term. The term of this Agreement shall commence as of the date
hereof and shall continue thereafter for a term of three (3) years unless
earlier terminated by either party in

                                       3
<PAGE>

accordance with Section 4.2 below. This Agreement shall automatically be renewed
for consecutive renewal terms of one (1) year, unless either Party notifies the
other Party of its desire not to renew the Agreement no less than sixty (60)
days prior to the last day of the initial three-year term, or no less than
thirty (30) days prior to the last day of any one-year renewal term.

         4.2. Earlier Termination. Notwithstanding the term stated in Paragraph
4.1 hereof, the Employee's employment under this Agreement may be terminated
immediately upon any of the following:

                  (a) In the event of the Employee's death.

                  (b) In the event of the Employee's Disability. For purposes of
this Agreement, "Disability" shall mean the inability of the Executive to
perform his duties for the Company on account of physical or mental illness for
a period of six consecutive full months, or a period of nine full months during
any 12-month period. The Employee's employment hereunder shall be deemed
terminated by reason of Disability on the last day of the applicable period;
provided, however, in no event shall the Employee be terminated by reason of
Disability unless the Employee receives written notice from the Company, at
least 30 days in advance of such termination, stating its intention to terminate
the Employee for reason of Disability.

                  (c) By the Company forthwith upon notice to the Employee
whether or not the Employee has committed any acts constituting "Cause." For
purposes of this Agreement, "Cause" for termination of the Employee shall exist
if the Employee shall commit any of the following acts: (i) the gross negligence
or willful misconduct by the Employee in the performance of his duties for the
Company; (ii) commission by the Employee of any felony or act of fraud or
material dishonesty involving the Company or its business, or which, in the
reasonable judgment of the Board of Directors, is likely to have a material
adverse effect upon the business or reputation of the Company or the ability of
the Employee to perform his duties for the Company; (iii) a material breach by
the Employee of any agreement with the Company concerning noncompetition or the
confidentiality of proprietary information; or (iv) any material breach by the
Employee of his fiduciary duties to the Company or any subsidiary thereof.

                  (d) By the Employee through voluntary resignation.

                  (e) By the Employee for "Good Reason." "Good Reason" for
purposes of this Agreement shall occur in the event of (1) a material reduction
in the responsibilities, authority, power or status of Employee, including
reductions in support staff or any perquisite incident to Employee's position as
Executive Vice President, Treasurer, and Chief Financial Officer of the Company,
without the consent of Employee, or (2) relocation of Employee's job location to
a site more than one hundred (100) miles from Milwaukee, Wisconsin.

                                    ARTICLE V

                   Compensation upon Termination of Employment

                                       4

<PAGE>

         In the event the Employee's employment is terminated during the
Agreement Term, the Employee shall be entitled to the severance payments and
benefits specified below:

         5.1 Termination by Company Without Cause or by Employee for Good
Reason. In the event Employee is terminated by the Company other than for Cause,
death or Disability, or in the event the Employee resigns with Good Reason, the
Company shall pay the Employee and provide him with the following:

                  (a) Accrued Rights. The Company shall pay the Employee a
lump-sum amount equal to the sum of (1) his earned but unpaid Base Salary
through the date of termination, (2) any earned but unpaid Bonus under Section
2.2 above, and (3) any business expenses or other amounts due to the Employee
from the Company as of the date of termination. In addition, the Company shall
provide to the Employee all payments, rights and benefits due as of the date of
termination under the terms of the Company's employee and fringe benefit plans
and programs in which the Employee participated during the term (together with
the lump-sum payment, the "Accrued Rights").

                  (b) Severance Payment. The Company shall pay the Employee as a
severance payment, the Base Salary in effect on the date of termination, in
accordance with the Company's regular payroll schedule, for a period of one (1)
year following the date of termination (the "Severance Period").

                  (c) Equity Rights. As of the date of the Employee's
termination under this paragraph, Employee shall be entitled to: (1) any vested
portion of the Time-Vested Option, which shall remain exercisable for the full
term thereof; and (2) that portion of the unvested Time-Vested Option which
would have vested had the Employee remain employed for one year beyond the date
of termination, shall become immediately and fully vested and exercisable and
shall remain exercisable for the full term thereof. The remainder of the
Time-Vested Option shall be forfeited.

         5.2 Voluntary Resignation or Termination for Cause. In the event the
Employee's employment hereunder is terminated hereunder because of his voluntary
resignation other than for Good Reason or because the Company has terminated the
Employee for Cause, the Company shall pay the Employee and provide him with any
and all Accrued Rights. In addition, any vested portion of the Time-Vested
Option shall remain vested and exercisable for the full term thereof, while any
unvested portion of the Time-Vested Option shall be forfeited.

         5.3 Disability; Death. In the event the Employee's employment hereunder
is terminated by reason of the Employee's Disability or death, the Company shall
pay and provide the Employee (or his legal representative or estate) with the
following:

                  (a) Accrued Rights. The Company shall pay and provide to the
Employee (or his legal representative or estate) any and all Accrued Rights,
including all disability or life insurance benefits as applicable);

                                       5

<PAGE>

                  (b) Salary Continuation. The Company shall provide the
Employee (or his legal representative or estate) with continued payment of the
Employee's then-current Base Salary for a period of 12 months.

                  (c) Equity Rights. As of the date of the Employee's
termination under this paragraph, Employee shall be entitled to: (1) any vested
portion of the Time-Vested Option, which shall remain exercisable for the full
term thereof; (2) that portion of the unvested Time-Vested Option which would
have vested had the Employee remain employed for one year beyond the date of
termination, shall become immediately and fully vested and exercisable and shall
remain exercisable for the full term thereof; and (3) the remainder of the
unvested portion of the Time-Vested Option shall be forfeited.

         5.4 Change in Control. In the event of a termination of employment by
the Employee by voluntary resignation or of a termination of employment by the
Company other than for Cause, which occurs within one year following a Change in
Control as defined below, then, Employee shall receive the benefits identified
in 5.3 (a), (b), and (c), and Employee shall also be entitled to any unvested
portion of the Time-Vested Option, which shall become immediately and fully
vested and exercisable and shall remain exercisable for the full term thereof.
For purposes of this Agreement, a "Change in Control" shall be deemed to have
occurred by reason of:

                  (a) The sale, lease, transfer, conveyance, or other
disposition (other than by way of merger or consolidation), in one or a series
of related transactions, of all or substantially all of the assets of the
Company and its subsidiaries taken as a whole to any "person" or group of
related "persons" (a "Group") (as such terms are used in Section 13(d)(3) of the
Securities Exchange Act of 1934 (the "Exchange Act") other than Richard W.
Weening and Lewis W. Dickey, Jr. (a "Principal") or (1) any controlling
stockholder, 80% (or more) owned subsidiary, or spouse or immediate family
member (in the case of an individual) of a Principal or (2) any trust,
corporation, partnership, or other entity, the beneficiaries, stockholders,
partners, owners or "persons" beneficially holding an 80% or more controlling
interest of which consist of such Principal and/or other "persons" referred to
in the immediately preceding clause (1);

                  (b) The adoption of a plan relating to the liquidation or
dissolution of the Company;

                  (c) The consummation of any transaction (including, without
limitation, any purchase, sale, acquisition, disposition, merger, or
consolidation) the result of which is that any "person" (as defined above) or
Group becomes the "beneficial owner" (as such term is defined in Rule 13d-3 and
Rule 13d-5 under the Exchange Act) of more than 35% of the aggregate voting
power of all classes of capital stock of the Company having the right to elect
directors under ordinary circumstances; or

                  (d) The first day on which a majority of the members of the
Board are not "Continuing Directors", where "Continuing Directors" are either
(1) members of the Board on

                                       6
<PAGE>

the Effective Date or (2) members of the Board nominated for election or elected
to such Board with the approval of two-thirds of the Continuing Directors who
were members of the Board at the time of such nomination or election, or
two-thirds of those directors who were previously approved of by Continuing
Directors.

                                   ARTICLE VI

                       Confidentiality and Noncompetition

         6.1 Confidential Information. Employee acknowledges that trade secrets
and other proprietary information, observations and data obtained by him while
employed by the Company concerning the business or affairs of the Company
("Confidential Information") are the property of the Company. Therefore,
Employee agrees that he shall not disclose to any unauthorized person or use for
his own account any Confidential Information without the prior written consent
of the Board, unless and to the extent that the aforementioned matters become
generally known to and available for use by the public other than as a result of
Employee's acts or omissions to act. Employee shall deliver to the Company at
the termination of Employment, or at any other time the Company may request, all
memoranda, notes, plans, records, reports, computers, computer tapes and
software and other documents and data (an copies thereof) relating to the
Confidential Information, Work Product, or the business of the Company which he
may then possess or have under his control. Notwithstanding this Section 6.1,
Confidential Information may be disclosed pursuant to a subpoena or other order
of a court or administrative body.

         6.2 Inventions. Employee agrees that all inventions, innovations,
improvements, developments, methods, designs, analyses, drawings, reports, and
all similar or related information which relates to the Company's actual or
anticipated business, research and development or existing or future services
which are conceived, developed or made by Executive while employed by the
Company ("Work Product") belong to the Company. Employee will promptly disclose
such Work Product to the Board and perform all actions reasonably requested by
the Board (whether during or after employment) to establish and confirm such
ownership (including, without limitation, assignments, consents, powers of
attorney and other instruments).

         6.3 Noncompete. Employee acknowledges that in the course of his
employment with the Company (i) he will become familiar with the Company's trade
secrets and with other confidential information concerning the Company, (ii)
that his services have been and will be of special, unique and extraordinary
value to the Company, and (iii) that the Company would be irreparably damaged if
Employee were to provide similar services to any person or entity competing with
the Company or engaged in a similar business in the markets served or to be
served by the Company. Therefore, Employee covenants and agrees that, during the
employment period and any Severance Period, but in no event less than twelve
(12) months after the termination of employment (collectively, the "Noncompete
Period"), he shall not directly or indirectly, either for himself or for any
other individual, corporation, partnership, joint venture or other entity, own,
manage, control, participate in, consult with, render services for, be a
creditor for or in any manner engage in or render any direct or indirect
services or assistance for any

                                       7
<PAGE>

business competing with the businesses of the Company, including the Company's
owned and operated radio stations as such businesses exist or have been
identified as potential acquisitions on the date of the termination of
Employee's employment, within any geographic area in which the Company engages
or has agreements pending regulatory approval to engage in such businesses;
provided, however, that in the event Company has terminated Employee without
cause or Employee has resigned for Good Reason, Employee shall not be subject to
the noncompete provisions of this Section 6.3 for the period in which Employee
does not receive any severance payments. Nothing herein shall prohibit Executive
from being a passive owner of not more than 2% of the outstanding stock of any
class of a corporation which is publicly traded, so long as Employee has no
active participation in the business of such corporation.

         6.4 Nonsolicitation. During the Noncompete Period, Employee shall not
directly or indirectly through another entity (i) induce or attempt to induce
any employee of the Company to leave the employ of the Company or in any way
interfere with the relationship between the Company and any employee thereof,
(ii) hire any person who was an employee of the Company at any time during the
Employment Period, or (iii) induce or attempt to induce any customer, supplier,
licensee or other business relation of the Company to cease doing business with
the Company or in any interfere with the relationship between any such customer,
supplier, licensee or business relation and the Company or a Subsidiary.

         6.5 Enforcement. If, at the time of enforcement of Article VI of this
Agreement, a court holds that the restrictions stated herein are unreasonable
under circumstances then existing, the parties hereto agree that the maximum,
period, scope or geographical area reasonable under such circumstances shall be
substituted for the stated period, scope or area. Because Employee's services
are unique and because Employee has access to Confidential Information and Work
Product, the parties hereto agree that money damages would be an inadequate
remedy for any breach of this Agreement. Therefore, in the event a breach or
threatened breach of this Agreement, the Company or its successors or assigns
may, in addition to other rights and remedies existing in their favor, apply to
any court of competent jurisdiction for specific performance and/or injunctive
or other relief in order to enforce, or prevent any violations of, the
provisions hereof (without posting a bond or other security).

                                   ARTICLE VII

                                  Miscellaneous

         7.1. Withholding. All amounts payable to the Employee pursuant to this
Agreement are stated before any deductions therefrom for FICA taxes, state and
federal withholding taxes and other payroll deductions required to be made by
the Company under applicable law. The Company shall have the right to rely upon
an opinion of its regular accountants or other tax advisors if any questions
should arise as to any such deductions.

                                       8
<PAGE>

         7.2. Notices. Any notice required or permitted to be given or made by
either party to the other hereunder shall be in writing and shall be considered
to be given and received in all respects one business day after when hand
delivered, when sent by prepaid express or courier delivery service, or after
deposited in the United States mail, certified or registered mail, return
receipt requested, on the date shown on such return receipt, in each case
addressed to the parties at their respective addresses set forth opposite their
signatures hereto or to such changed address as either party shall designate by
proper notice to the other.

         7.3. Severability. If for any reason one or more of the provisions of
this Agreement are deemed by a court of competent jurisdiction to be
unenforceable or otherwise void by operation of law, the remainder of this
Agreement will be deemed to be valid and enforceable and shall be construed as
if such invalid or unenforceable provision were omitted.

         7.4. Nonassignment; Binding Affect. This Agreement is based upon the
personal services of the Employee and his rights and obligations hereunder shall
not be assignable. This Agreement shall be binding upon and shall inure to the
benefit of the Employee, the Company and their respective successors, heirs,
legal representatives and assigns.

         7.5. Entire Agreement. This Agreement contains the entire understanding
between the parties with respect to the matters set forth herein and therein and
all prior discussions, negotiations, agreements, correspondence and
understandings between the parties (whether oral or written) are merged herein
and therein and superseded hereby. No provision in this Agreement may be amended
or modified other than in writing.

         7.6. Waiver of Breach. No waiver by either party hereto of any breach
of any provision of this Agreement shall be deemed a waiver by such party of any
subsequent breach.

         7.7 Governing Law. This Agreement shall be construed and interpreted
according to the laws of the State of Illinois.

         7.8 Survival. Articles V and VI of this Agreement shall survive and
continue in full force in accordance with their terms notwithstanding any
termination of employment.

                                       9
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

Address for Notice:
                                            CUMULUS MEDIA INC.:
Cumulus Media Inc.
111 E. Kilbourn Avenue, Suite 2700
Milwaukee, WI  53202                        By:/s/ Richard Weening
Attention:  Richard Weening                    ---------------------------------
                                            Richard Weening
                                            Executive Chairman

Address for Notice:                         EMPLOYEE:

820 Old Oak Road
Livermore, CA 94550                         /s/ Martin Gausvik
                                            ------------------------------------
                                            Martin Gausvik

                                       10

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