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

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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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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.

New CUMULUS MEDIA Analysis Reveals AM/FM Radio Delivers Swing Voters Not Reached Through TV Ads

Dallas' KTCK-AM/Sportsradio 96.7 and 1310 The Ticket Named Sports Station of the Year

Cumulus Media Honored by the National Association of Broadcasters With Two Marconi Radio Awards

Cumulus Media's (CMLS) CEO Mary Berner on Q3 2021 Results - Earnings Call Transcript

ATLANTA, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the nine months ended September 30, 2021.

CUMULUS MEDIA Reports Operating Results for the Third Quarter 2021

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.

Cumulus Media (CMLS) Earnings Expected to Grow: Should You Buy?

CUMULUS MEDIA | Westwood One's Audio Active Group Identifies Blueprint for Developing Impactful Ads CUMULUS MEDIA | Westwood One's Audio Active Group Identifies Blueprint for Developing Impactful Ads

New CUMULUS MEDIA Survey Reveals Increased Interest in Audio Creative

NEW YORK--(BUSINESS WIRE)--Today, FreeWheel, a Comcast Company, announced partnerships with CUMULUS MEDIA and Triton Digital to bring Cumulus Podcast Network's premium podcast inventory into the Strata media stewardship platform with industry-leading metrics and measurement. This partnership provides the 1100+ agencies using Strata's platform with the ability to automate the podcast buying process within their existing platform workflow, including receiving electronic proposals and sending elec

Strata Users Will Now Have Access to Premium CUMULUS MEDIA Podcast Inventory with Validated Metrics from Triton Digital

ATLANTA, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, November 3rd at 4:30 PM ET to discuss its third quarter 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 Third Quarter 2021 Operating Results

Announces Participation in Deutsche Bank 29th Annual Leveraged Finance Conference Announces Participation in Deutsche Bank 29th Annual Leveraged Finance Conference

CUMULUS MEDIA Releases New Investor Presentation

ATLANTA, Sept. 20, 2021 /PRNewswire/ -- CUMULUS MEDIA (NASDAQ: CMLS) has named two executives, Doug Cohn and Bruce Gilbert, to newly created positions across Music & Entertainment and Sports, respectively, to lead new content development across the company's platforms, including broadcasting, podcasting, streaming, social media, digital, and live events.

CUMULUS MEDIA Adds Senior Positions For Multi-Platform Content Development

ATLANTA, Sept. 14, 2021 /PRNewswire/ -- WHO:  Cumulus Atlanta's Hit Music Station Q99.7/WWWQ-FM.

Have Fun and Stay Safe With Q99.7 at Atlanta's 2021 Music Midtown Festival!

NEW YORK, Sept. 13, 2021 /PRNewswire/ -- CUMULUS MEDIA's (NASDAQ: CMLS) Westwood One released the results of a study on fan engagement with the NFL based on research from GfK MRI, Ipsos, the NFL "Fan Tracker," and a special Nielsen Portable People Meter analysis of NFL listening to national broadcasts.

CUMULUS MEDIA Study Analyzes NFL Fans' Use Of Radio vs. Television

NEW YORK, Sept. 9, 2021 /PRNewswire/ -- CUMULUS PODCAST NETWORK today introduces a special series for Fall 2021 called "Voices of Football" on the podcast, Just Getting Started with Rich Eisen.

Cumulus Podcast Network's Just Getting Started With Rich Eisen To Feature Special Fall 2021 Series "Voices Of Football"

NEW YORK, Sept. 8, 2021 /PRNewswire/ -- CUMULUS MEDIA's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., embarks on its 35th consecutive year as the exclusive network radio partner of the National Football League.

CUMULUS MEDIA's Westwood One Kicks Off Its 35th Consecutive Season As The Exclusive Network Radio Partner Of The NFL

Cumulus Media Inc (NASDAQ: CMLS) reported second-quarter FY21 net revenue growth of 53.9% year-on-year to $224.7 million, beating the analyst consensus of $220.9 million. Revenues from Broadcast radio grew 54.3% Y/Y to $176.2 million, Spot rose 66.9% Y/Y to $120.9 million, Network increased 32.5% Y/Y to $55.3 million, Digital improved 54.5% Y/Y to $31.4 million, and Other increased 48.7% Y/Y to $17.1 million.

Cumulus Media Beats Q2 Revenue Expectations, Raises FY22 Cost Reduction Guidance

Cumulus Media Inc. (CMLS) CEO Mary Berner on Q2 2021 Results - Earnings Call Transcript

ATLANTA, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced that it has successfully completed the sale of non-core real estate in Nashville to a partnership comprised of Centrum Realty and Development, LLC, and Nashville Capital Group, LLC, for $34 million in gross proceeds.

CUMULUS MEDIA Announces Completion of the Sale of Non-Core Nashville Real Estate for $34 Million

ATLANTA, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the six months ended June 30, 2021.

CUMULUS MEDIA Reports Operating Results for the Second Quarter 2021

NEW YORK, Aug. 3, 2021 /PRNewswire/ -- CUMULUS MEDIA's (NSDQ: CMLS) Westwood One, the largest audio network in the U.S., will further expand Emmy-nominated broadcaster Rich Eisen's role within the network to include pregame and halftime hosting duties for Monday Night Football on Westwood One. The Monday night schedule kicks off on September 13, when the Baltimore Ravens visit the Las Vegas Raiders and concludes on January 3, 2022, when the Cleveland Browns battle the Pittsburgh Steelers.

CUMULUS MEDIA Taps Rich Eisen For Monday Night Football

Wynn Resorts

LAS VEGAS, July 28, 2021 /PRNewswire/ -- WynnBET, the premier mobile sports betting app from Wynn Resorts, the global leader in luxury hospitality, and CUMULUS MEDIA (NASDAQ: CMLS), a leading media, advertising, and marketing services company, announced today the launch of a multi-year, multi-platform partnership which activates CUMULUS MEDIA's ability to reach more than 250 million listeners each month to drive users to the WynnBET app. Under the terms of the deal, WynnBET becomes one of CUMULUS MEDIA's largest advertising and marketing partners.

WynnBET and CUMULUS MEDIA Enter Into Multi-Year, Multi-Platform Partnership

ATLANTA, July 15, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, August 4th at 8:30 AM ET to discuss its second quarter 2021 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.

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