UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)
                               (Amendment No. 4)*

                              Cumulus Media, Inc.
                                (Name of Issuer)

                 Class A Common Stock, $0.01 par value per share
                         (Title of Class of Securities)

                                    231082108
                                 (CUSIP Number)

                                  July 31, 2007

            (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

    [X]   Rule 13d-1(b)

    [ ]   Rule 13d-1(c)

    [ ]   Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).



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Cusip No. 231082108                             13G           Page 2 of 3 Pages
--------------------------------------                        ------------------

--------------------------------------------------------------------------------
1.    NAMES OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
      Chilton Investment Company, LLC

      87-0742367
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                         (a)[ ]
                                                                         (b)[X]
--------------------------------------------------------------------------------
3.    SEC USE ONLY


--------------------------------------------------------------------------------
4.    CITIZENSHIP OR PLACE OF ORGANIZATION
      State of Delaware

--------------------------------------------------------------------------------
              5.     SOLE VOTING POWER
                     119,323

  NUMBER OF   ------------------------------------------------------------------
   SHARES     6.     SHARED VOTING POWER
BENEFICIALLY         0
  OWNED BY
    EACH      ------------------------------------------------------------------
  REPORTING   7.     SOLE DISPOSITIVE POWER
   PERSON            119,323
    WITH
              ------------------------------------------------------------------
              8.     SHARED DISPOSITIVE POWER
                     0

--------------------------------------------------------------------------------
9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      119,323

--------------------------------------------------------------------------------
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
      (See Instructions)                                                    [ ]

--------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
      0.3%

--------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON (See Instructions)
      IA

--------------------------------------------------------------------------------




--------------------------------------                        ------------------
Cusip No. 231082108                             13G           Page 3 of 3 Pages
--------------------------------------                        ------------------


Pursuant to Rule 13d-2(b) of Regulation 13D-G under the Securities Exchange Act
of 1934, as amended, the Schedule 13G initially filed on February 10, 2005 by
Chilton Investment Company, Inc. with respect to the Class A Common Stock, $0.01
par value (the "Common Stock"), of Cumulus Media, Inc., a Delaware corporation
(the "Schedule 13G"), as amended by Amendment No. 1 to the Schedule 13G filed on
November 10, 2005 by Chilton Investment Company, LLC (the "Reporting Person")
and Amendment No. 2 to the Schedule 13G filed on February 14, 2006, replaced by
the Schedule 13D filed on February 16, 2006, as amended by Amendment No.1 to the
13D filed on June 19, 2006 and replaced by Amendment No. 3 to the Schedule 13G
filed on June 5, 2007, is hereby amended by this Amendment No. 4 to the 13G to
report a change in the information reported in the Schedule 13G. The Schedule
13G is hereby amended as follows:

Items 4 and 5 are hereby amended and restated in their entirety to read:

Item 4.            Ownership.

                   (a)   Amount beneficially owned: 119,323 shares

                   (b)   Percent of class: 0.3%

                   (c)   Number of shares as to which the person has:

                         (i)   Sole power to vote or to direct the vote: 119,323

                         (ii)  Shared power to vote or to direct the vote: 0

                         (iii) Sole power to dispose or to direct the
                               disposition of: 119,323

                         (iv)  Shared power to dispose or to direct the
                               disposition of:  0

Item 5.            Ownership of Five Percent or Less of a Class.

                   If this statement is being filed to report the fact that as
                   of the date hereof the reporting person has ceased to be the
                   beneficial owner of more than five percent of the class of
                   securities, check the following: [X]


                                    SIGNATURE

            After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.

Date: August 10, 2007

                                       Chilton Investment Company, LLC



                                       By:   /s/ James Steinthal
                                          -------------------------------------
                                          Name:  James Steinthal
                                          Title: Managing Director