Cumulus Media

Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers. The Westwood One segment covers the revenues generated through network advertising. The Corporate and Other segment consists of the overall executive, administrative and support functions for each of the company’s reportable segments, including finance and administration, legal, human resources and information technology functions. The company was founded in 2002 and is headquartered in Atlanta, GA.

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Cumulus Media reports steady Q4 performance amidst ad challenges

Cumulus Media's Q4 performance was steady with a focus on digital growth and cost reductions. While facing challenges in the advertising environment, the company is leveraging opportunities in pricing strategies and portfolio optimization. Analysts raised questions on ad trends and cost reduction strategies during the call.

Cumulus Media (CMLS) reports Q1 revenue decline, focuses on digital growth

Cumulus Media (CMLS) navigated revenue declines, national advertising challenges, and regional disparities in Q1 2023, emphasizing cost reductions and digital growth.
The company showcased strengths in historical cost reductions, digital marketing services growth, and a commitment to innovation and revenue diversification.
Challenges included weak national advertising, ongoing cost management, and uncertainties in improving trends, while opportunities lie in digital growth and cost efficiencies.
Management's focus on maximizing results, maintaining a strong balance sheet, and exploring growth avenues position Cumulus Media for future success amidst challenges and opportunities.

Cumulus Media exceeds EBITDA expectations with digital growth amid challenges

Cumulus Media's Q2 performance showed resilience with revenue meeting expectations and EBITDA surpassing forecasts, driven by strong growth in digital marketing services. The company faced challenges in national advertising but demonstrated cost efficiency and cash generation.
Strengths in digital revenue, cost reductions, and innovative sales strategies position Cumulus Media for future growth. Opportunities in expanding the digital sales force and capturing market share in mid-sized markets present promising avenues for the company.
To address challenges in national advertising and income statement impacts, Cumulus Media must continue its aggressive cost-cutting strategies and focus on enhancing digital marketing services. The company's adaptability and focus on efficiency will be key to navigating market dynamics.

Cumulus Media meets Q3 expectations, eyes growth amid advertising challenges

Cumulus Media's Q3 performance met expectations with a focus on digital growth, cost reductions, and debt reduction.
While facing challenges in national advertising weakness and local revenue decline, the company remains optimistic about future opportunities.
Strategic strengths in cost reduction, debt management, and growth in specific advertising sectors position Cumulus Media for future success.
Balancing challenges with opportunities, Cumulus Media aims to navigate the evolving advertising landscape with cautious optimism and strategic flexibility.

Cumulus Media reports digital growth amidst revenue challenges in 2023

Cumulus Media faced challenges in 2023 but demonstrated strength in digital and streaming revenue growth. Cost reduction efforts led to significant savings, enhancing financial flexibility.
While podcasting revenue declined, improvements were seen in the second half of the year. The company aims to address debt obligations and strengthen its balance sheet amidst macroeconomic uncertainties.
Opportunities lie in digital and streaming growth, along with continued cost reduction initiatives. Cumulus Media remains focused on navigating challenges and optimizing its financial performance.

Cumulus Media (CMLS) reports mixed Q1 results, focuses on digital growth

Cumulus Media's Q1 2024 performance reflects a mixed picture with revenue decline but notable growth in digital and marketing services.
Successful debt refinancing and expense reductions demonstrate the company's commitment to financial stability and operational efficiency.
Challenges include revenue decline and political revenue reduction, while opportunities exist in digital expansion and strategic priorities execution.
Overall, Cumulus Media remains focused on growth, cost management, and balance sheet improvement to navigate industry challenges and drive future success.

Cumulus Media reports Q2 revenue decline but strong DMS growth

Cumulus Media's Q2 performance reflected mixed results with revenue decline but strong growth in DMS business. Cost reduction efforts and debt extension were notable strengths.
Challenges include revenue decline in streaming and overall revenue pressure, with a focus on debt reduction. Opportunities lie in expanding DMS and improving streaming capabilities.
Overall, Cumulus Media remains focused on financial stability, operational efficiency, and strategic growth in key business segments.
The positive outlook and appreciation for participation in the earnings call signal confidence in the company's ability to navigate challenges and capitalize on opportunities.

Cumulus Media meets Q3 expectations, eyes digital growth opportunities

Cumulus Media's Q3 performance met expectations, with digital revenue and DMS business showing robust growth. While facing challenges in political spending and revenue pacing, the company's strengths in broadcast radio and cost management are notable. Opportunities lie in capitalizing on digital growth and maintaining financial flexibility.

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Cumulus Media (CMLS) came out with a quarterly loss of $1.17 per share versus the Zacks Consensus Estimate of a loss of $1.18. This compares to loss of $0.04 per share a year ago.

Cumulus Media (CMLS) Reports Q1 Loss, Tops Revenue Estimates

ATLANTA, April 27, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months ended March 31, 2023.

Cumulus Media Reports Operating Results for the First Quarter 2023

CMLS' upcoming quarterly results will shed light on the ad market and give investors an idea of how much advertisers are pulling back on their ad spend.

Cumulus: Upcoming Earnings To Be Key

NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) --  Cumulus Media promotes Brandon Berman to President of Sales at Westwood One, reporting to Suzanne Grimes, President, Westwood One.

Cumulus Media Promotes Brandon Berman to President of Sales at Westwood One

More than 82 million Americans listen to AM Radio Each Month 57% of the AM Radio Audience Listens to News/Talk Stations, Where Americans Turn for Breaking Local News One out of Three American AM/FM Radio Listeners are Reached Monthly by AM Radio NEW YORK, April 24, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) | Westwood One's Audio Active Group® today released a brand-new comprehensive analysis of listening data from the Nielsen Fall 2022 Survey, MRI Simmons, Edison Research's "Share of Ear," and Advertiser Perceptions that reveal 82 million reasons to keep AM radio in vehicles, illustrating why AM/FM radio is still the queen of the road. The Nielsen Fall 2022 survey reveals: 82,346,800 Americans listen to AM radio monthly; 57% of the AM radio audience listens to News/Talk stations, the very outlets that Americans turn to in times of crisis and breaking local news.

New Studies Reveal Power of AM/FM Radio in Cars

ATLANTA, April 12, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Thursday, April 27th at 8:30 AM ET to discuss its first quarter 2023 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.

Cumulus Media Announces Conference Call to Discuss First Quarter 2023 Operating Results

44 Cumulus Country Radio Stations Across the U.S. Will Showcase the Highly Anticipated New Single Through Revealing Vignettes Featuring Exclusive Background Stories and Personal Insights From the Former Hootie & the Blowfish Frontman 44 Cumulus Country Radio Stations Across the U.S. Will Showcase the Highly Anticipated New Single Through Revealing Vignettes Featuring Exclusive Background Stories and Personal Insights From the Former Hootie & the Blowfish Frontman

Cumulus Media's “Your Music First” Multi-Week Audio Series Takes Listeners Behind the Scenes With Three-Time GRAMMY Winner and Hitmaker Darius Rucker, Who Returns to Country Radio With New Single, “Fires Don't Start Themselves”

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New Platform Offers Fresh Daily Content and Special Archives New Platform Offers Fresh Daily Content and Special Archives

Cumulus Media Launches Mark Levin's Official Podcast Channel on Youtube

Re-vamped Program “The Morning X with Barnes & Leslie ” Includes New Content and Classic Segments from the Vault

Leslie Fram and Steve Barnes Reunite to Re-Launch Legendary 99X Atlanta Morning Show

Cumulus Media Inc. (NASDAQ:CMLS ) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Collin Jones - Executive Vice President of Strategy and Development Mary Berner - President and Chief Executive Officer Frank Lopez-Balboa - Chief Financial Officer Conference Call Participants Avi Steiner - JPMorgan Michael Kupinski - NOBLE Capital Markets James Goss - Barrington Research Daniel Day - B. Riley Securities Kevin Wivell - Octagon Credit Investors Operator Welcome to the Cumulus Media Quarterly Earnings Conference Call.

Cumulus Media Inc. (CMLS) Q4 2022 Earnings Call Transcript

Cumulus (CMLS) delivered earnings and revenue surprises of 74.19% and 4.67%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cumulus Media (CMLS) Tops Q4 Earnings and Revenue Estimates

Total Revenue of $953.5 Million, Up 4% Year-Over-Year Digital Revenue of More Than $142 Million, Up 12% Year-Over-Year Net Income of $16.2 Million, Down 6% Year-Over-Year Adjusted EBITDA of $166.0 Million, Up 23% Year-Over-Year

Cumulus Media Reports Operating Results for 2022

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Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Signet (SIG), Sterling Infrastructure (STRL), Tri Pointe Homes (TPH) and Cumulus Media (CMLS) boast low P/CF ratios.

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Cumulus (CMLS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -10.37% in 4 Weeks, Here's Why Cumulus (CMLS) Looks Ripe for a Turnaround

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2023 Marks Westwood One's 50 th Super Bowl Broadcast

Westwood One Presents Super Bowl LVII Game-Day Coverage With an All-Star Broadcast Team

“Your Music First” Kicks Off Today with Thomas Rhett's New Single, “Angels (Don't Always Have Wings)” on 47 Cumulus Country Radio Stations Across the U.S. “Your Music First” Kicks Off Today with Thomas Rhett's New Single, “Angels (Don't Always Have Wings)” on 47 Cumulus Country Radio Stations Across the U.S.

Cumulus Media to Bring America's Best New Music Front and Center with Exclusive Artist Commentary Through “Your Music First” Audio Series

CMLS or NFLX: Which Is the Better Value Stock Right Now?

ATLANTA, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Thursday, February 23rd at 8:30 AM ET to discuss its fourth quarter and full year 2022 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.

Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2022 Operating Results

Last year, CMLS announced a $50 million share repurchase program, and through Q3 they had already repurchased $28.1 million in Class A shares. Management has continued to pay down debt, with $65 million+ repaid through Q3.

Cumulus Media: Time For A Dividend

New Study Reveals NFL postseason AM/FM radio listeners are a desirable consumer group, showing high levels of sports engagement and greater purchase intent than the NFL postseason TV audience New Study Reveals NFL postseason AM/FM radio listeners are a desirable consumer group, showing high levels of sports engagement and greater purchase intent than the NFL postseason TV audience

Cumulus Media | Westwood One Audio Active Group® Releases First-Ever Look at the NFL Postseason Audience

Investors need to pay close attention to Cumulus Media (CMLS) stock based on the movements in the options market lately.

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