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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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ATLANTA, May 02, 2022 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) announced today that Brian Philips has been promoted to Chief Content Officer, responsible for content across all Cumulus platforms, reporting to Mary G. Berner, President and Chief Executive Officer. Philips had previously served as Executive Vice President, Content and Audience, since 2019.

CUMULUS MEDIA Elevates Brian Philips to Chief Content Officer

Cumulus (CMLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Cumulus Media (CMLS) Report Negative Earnings Next Week? What You Should Know

AM/FM Radio Streaming Now Represents 12% Of Total AM/FM Radio Listening Among Persons 25-54

The CUMULUS MEDIA | Westwood One Audio Active Group® Releases Brand New Nielsen Analysis of AM/FM Radio Streaming

ATLANTA, April 19, 2022 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, May 4th at 8:30 AM ET to discuss its first quarter 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 First Quarter 2022 Operating Results

Cumulus Media Inc. CMLS, +39.86% , which owned 406 radio stations as of March, confirmed that it has received a non-binding and “highly conditional indication of interest” after Reuters reported that a consortium led by Jeff Warshaw had offered to buy Cumulus.

Cumulus Media stock soars after report of buyout offer

NASHVILLE, Tenn. & NEW YORK--(BUSINESS WIRE)--Leading conservative news and entertainment media company The Daily Wire and Cumulus Media, a top audio-first media company, today announced a new syndication agreement to deliver Daily Wire digital content to Cumulus radio station websites in key markets across the United States. Under the terms of the deal, Daily Wire breaking news, original reporting, sports, and entertainment coverage by The Daily Wire is now available on more than 50 Cumulus ra

The Daily Wire and Cumulus Media Partner for Local Digital News

Among Registered Voters, AM/FM Radio Dominates Ad-Supported Listening

THE CUMULUS MEDIA | Westwood One Audio Active Group® Releases New Analysis of Edison Research's Q4 2021 “Share Of Ear” Data

Consumer Attentiveness is Important for Measuring Media Investments

The CUMULUS MEDIA | Westwood One Audio Active Group® Reveals New Advertiser and Consumer Studies on Media Attentiveness and Ad Skipping

Cumulus Media's (CMLS) CEO Mary Berner on Q4 2021 Results - Earnings Call Transcript

Total Revenue of $916.5 Million, Up 12% Year-Over-Year

Cumulus Media Reports Operating Results for 2021

Acclaimed Mental Health Podcast Is Now Live on the Cumulus Podcast Network

CUMULUS MEDIA and DCP Entertainment Re-Launch Podcast Truth Be Told With Tonya Mosley

EDINBURGH, Scotland--(BUSINESS WIRE)--Cumulus, Europe's first oncology biotech creation company, has secured a £4.1 million ($5.6 million) investment led by investment firm Eos Advisory.

Cumulus Oncology Secures £4.1m ($5.6m) Investment Led by Eos Advisory

Kevin Harlan, Hall of Famer Kurt Warner, Gene Steratore, Laura Okmin, and Mike Golic Call the Action Live from Los Angeles

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

NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that podcasts from political news and analysis network The Bulwark have joined the Cumulus Podcast Network. Under the terms of the agreement, Cumulus monetizes all existing and forthcoming podcasts from The Bulwark, a first for The Bulwark shows. Cumulus also markets and distributes the podcasts, which include The Bulwark Podcast, Beg to Differ with Mona Charen, The Focus Group with Sarah Longwell, and The Bulwark Goes to Hollywood. The podcasts are available on Apple Podcasts, Spotify, Stitcher, TuneIn, Pocket Casts, Google Podcasts, Amazon Music, and Pandora, among other platforms.

Cumulus Media and The Bulwark Form Partnership for Podcasts

ATLANTA, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, February 23rd at 4:30 PM ET to discuss its fourth quarter and full year 2021 operating results. A press release containing a summary of these results will be issued before the call at approximately 4:00 PM ET.

CUMULUS MEDIA Announces Conference Call to Discuss Fourth Quarter and Full Year 2021 Operating Results

Doubleheader Coverage of AFC and NFC Championship Games Doubleheader Coverage of AFC and NFC Championship Games

NFL Conference Championship Sunday Airs Live on Westwood One

Only Network to Broadcast All Six Playoff Games, from Saturday, January 15th to Monday, January 17th Only Network to Broadcast All Six Playoff Games, from Saturday, January 15th to Monday, January 17th

Westwood One Presents Super Wild Card Weekend

New Syndicated CHR Evening Show Debuts January 17 New Syndicated CHR Evening Show Debuts January 17

Westwood One Launches “Eliott & Nina”

DALLAS, Jan. 10, 2022 (GLOBE NEWSWIRE) -- CUMULUS MEDIA announces that its Dallas, TX, radio station group raised a total of $1,767,990 for DFW Metroplex charities during 2021. Cumulus Dallas supported signature community events with other groups to help raise additional millions in charitable donations. CUMULUS MEDIA owns and operates six popular radio stations serving DFW, including: 99.5 The Wolf/KPLX-FM; WBAP-AM NewsTalk 820; Sportsradio 96.7FM/1310 AM The Ticket/KTCK-FM; Hot 93.3/KLIF-FM; New Country 96.3/KSCS-FM; KLIF 570 AM.

Cumulus Dallas Radio Stations Raise a Total of $1,767,990 for DFW Charities in 2021

Digital and Media Innovator to Drive Digital Growth Across Multiple Delivery Platforms Digital and Media Innovator to Drive Digital Growth Across Multiple Delivery Platforms

Jared Merves Joins CUMULUS MEDIA as SVP, Digital

Only All-Talk FM Station in The New York Metropolitan Area

CUMULUS MEDIA Launches Talk FM 103.9

NEW YORK, Dec. 09, 2021 (GLOBE NEWSWIRE) -- CUMULUS MEDIA's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., will present exclusive national audio coverage of the Army-Navy football game, presented by USAA. One of college football's most legendary rivalries, the game will be broadcast live from MetLife Stadium in East Rutherford, New Jersey, on Saturday, December 11, at 2 p.m. ET.

CUMULUS MEDIA's Westwood One Presents Exclusive National Audio Coverage of the Army-Navy Football Game

Podcast Advertising Reaches Young Cord Cutters Who Prefer Advertising-Free Video Streaming

CUMULUS MEDIA and Signal Hill Insights' Podcast Download – Fall 2021 Report Reveals Latest Podcast Trends

5 th Annual Virtual Wells Fargo TMT Summit

CUMULUS MEDIA Announces Participation in Two Upcoming Investor Conferences

NEW YORK, Nov. 17, 2021 (GLOBE NEWSWIRE) -- CUMULUS MEDIA (NASDAQ: CMLS) | Westwood One's Audio Active Group (AAG) today released a new analysis of fresh data showing how AM/FM radio reaches voters, especially light TV viewers and the all-important swing voter segment. The Audio Active Group analyzed newly released data* from multiple studies and found that AM/FM radio is an extremely effective tool for political advertising because of its mass reach, lack of political ad clutter, dominant share of ad-supported media time spent, and its unique ability to reach light TV viewers.

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