Cumulus Media (CMLS) Reports Q4 Loss, Lags Revenue Estimates
- Cumulus Media (CMLS) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $2.60 per share a year ago.
- 02/27/2025
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Cumulus Media Reports Operating Results for 2024
- ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months and year ended December 31, 2024.
- 02/27/2025
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Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2024 Operating Results
- ATLANTA, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Thursday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
- 02/18/2025
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U.S. Soccer and Westwood One Reach English-Language Audio Rights Agreement
- Westwood One Sports to Bring U.S. Soccer to Audio Listeners Nationwide; First Broadcast Set for 10 th Annual SheBelieves Cup CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- U.S. Soccer and Cumulus Media's (NASDAQ: CMLS) Westwood One have reached an agreement for Westwood One Sports to serve as the new domestic English-language audio partner of U.S. Soccer. The multi-year exclusive partnership gives Westwood One Sports broadcast rights to all U.S. Soccer Federation-hosted matches, including all USWNT and USMNT friendlies, Concacaf Nations League Quarterfinal matches, and the SheBelieves Cup.
- 02/18/2025
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President Donald J. Trump to Appear on “The Mark Levin Show” Monday, February 10, 2025
- PRESIDENT DONALD J. TRUMP TO APPEAR ON “THE MARK LEVIN SHOW” MONDAY, FEBRUARY 10, 2025; Levin Scores President's First Radio Interview Since Taking Office
- 02/10/2025
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Westwood One Presents Super Bowl LIX Game-Day Coverage With an All-Pro Broadcast Team
- 2025 Marks Westwood One's 52nd Super Bowl Broadcast Kevin Harlan, Hall of Famer Kurt Warner, Gene Steratore, and Laura Okmin Call the Action Live from New Orleans Scott Graham and Three-Time Super Bowl Champion Devin McCourty Anchor Pregame, Halftime, and Postgame Coverage Westwood One Will Air the Apple Music Super Bowl LIX Halftime Show for the First Time NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One , America's largest audio network and the official audio partner of the National Football League (NFL), will present comprehensive live coverage and play-by-play of Super Bowl LIX on Sunday, February 9, 2025, when the AFC champion Kansas City Chiefs meet the NFC champion Philadelphia Eagles at Caesars Superdome in New Orleans, Louisiana. Super Bowl LIX will be the 52nd time Westwood One will broadcast America's biggest sporting event.
- 02/06/2025
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Westwood One to Broadcast NFL Championship Sunday, Sponsored by Intuit TurboTax
- NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One, America's largest audio network and the official audio partner of the National Football League, will present live play-by-play coverage of NFL Championship Sunday, sponsored by Intuit TurboTax, on January 26th. In the first of two highly anticipated championship games, the Washington Commanders square off against the Philadelphia Eagles in Philadelphia, with Westwood One's live coverage beginning at 2:00pm ET.
- 01/23/2025
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Cumulus Media Appoints a Top Shareholder Steven M. Galbraith to Board of Directors
- ATLANTA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced the appointment of Steven M. Galbraith to its Board of Directors.
- 01/22/2025
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Westwood One to Broadcast NFL Divisional Round, Sponsored by Intuit TurboTax
- Cumulus Media's (NASDAQ:CMLS) Westwood One will present live play-by-play coverage of the NFL Divisional Round on Saturday, Jan. 18 and Sunday, Jan. 19
- 01/16/2025
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The Rome Empire Expands Again
- NEW YORK, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One (NASDAQ: CMLS) and Jim Rome continue to be at the forefront of the evolution and growth of live sports content. Together, they are excited to announce a new exclusive partnership to syndicate and distribute “The Jim Rome Show,” the nation's premier sports radio talk program.
- 12/16/2024
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Westwood One Introduces the Next Evening Star of Country Music Radio with Launch of “Country Nights Live with Bev Rainey”
- Five-Hour Nightly Country Show to Feature Biggest Stars in Country Music and Fast-rising Artists, Music City News, Fan Interactions
- 11/26/2024
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Westwood One Brings the Next Generation of Syndicated Weekend Show, “American Country Countdown” to Music Fans With New Host, Ryan Fox
- After a Highly Successful 18-Year Run as Host of “American Country Countdown,” Superstar Kix Brooks Hosts His Final Show the Weekend of December 28-29, 2024
- 11/25/2024
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Mark Levin to Host New Original Podcast Series With Dr. Larry Arnn, President of Hillsdale College
- NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced the launch of a new original podcast series, Liberty and Learning with Mark Levin and Larry Arnn. The 10-part series, hosted by veteran broadcaster and constitutional law expert, Mark Levin, and his good friend, Dr. Larry Arnn, President of Hillsdale College, dives deep into the founding principles of the U.S., as Americans face both crisis and opportunity.
- 11/22/2024
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Cumulus Media Inc. (CMLS) Q3 2024 Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Collin Jones - EVP, Strategy and Development & President, Westwood One Mary Berner - President & CEO Frank Lopez-Balboa - CFO Conference Call Participants Michael Kupinski - Noble Capital Markets Patrick Sholl - Barrington Research Operator Welcome to the Cumulus Media Quarterly Earnings Conference Call. I'll now turn it over to Collin Jones, Executive Vice President of Strategy and Development and President of Westwood One.
- 11/01/2024
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Cumulus Media (CMLS) Reports Q3 Loss, Lags Revenue Estimates
- Cumulus Media (CMLS) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.54. This compares to earnings of $0.16 per share a year ago.
- 11/01/2024
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Cumulus Media Reports Operating Results for the Third Quarter 2024
- Increased Digital Marketing Services Revenue by 38%, Total Digital Revenue by 8% Reported Q3 Total Revenue of $204 Million, Down 1.8%, in Line with Pacing Guidance ATLANTA, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ended September 30, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "During the third quarter, we delivered revenue and EBITDA in-line with pacing commentary and analyst estimates.
- 11/01/2024
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Cumulus Media and TuneIn Expand Content Partnership Agreement
- Expanded agreement adds a sales and supply deal to the partnership to boost Cumulus' digital audio monetization Expanded agreement adds a sales and supply deal to the partnership to boost Cumulus' digital audio monetization
- 10/29/2024
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Cumulus Media Announces Conference Call to Discuss Third Quarter 2024 Operating Results
- ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Friday, November 1st at 8:30 AM ET to discuss its third quarter 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
- 10/21/2024
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Rich Eisen Podcast Network Expands Programming With Two New Shows for the Cumulus Podcast Network
- No-Contest Wrestling Launches October 2 with Hosts O'Shea Jackson, Jr. And TJ Jefferson
- 10/02/2024
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The Benny Show Joins the Cumulus Podcast Network
- YouTube Personality Benny Johnson Hosts Top-Ranking Vodcast Every Weekday YouTube Personality Benny Johnson Hosts Top-Ranking Vodcast Every Weekday
- 10/02/2024
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Mark Levin to Host Original Podcast Series
- On the Frontlines with Mark Levin and Yael Eckstein ~ Presented by The International Fellowship of Christians and Jews
- 10/02/2024
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Dan Bongino to Host Special Live Podcast on Rumble During the Presidential Debate on September 10
- NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One today announced that The Dan Bongino Show will offer a special live edition of the podcast on Tuesday, September 10, 2024, beginning at 8 p.m. ET. Dan Bongino will offer commentary and opinion live while Vice President Kamala Harris and former President Donald J. Trump face each other to debate for the first time.
- 09/10/2024
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Cumulus Media's Westwood One Launches 38th Consecutive Season as the Exclusive Primetime Network Radio Partner of the NFL
- 2024 Season Coverage Kicks Off September 5 when the Defending Super Bowl Champion Kansas City Chiefs host the Baltimore Ravens
- 09/04/2024
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The Dan Bongino Show to Drop Special Two-Hour Podcast on First Day of Hearings for House Republicans' Independent Forum on the Assassination Attempt on Former President Donald J. Trump
- Special Podcast Will Drop Monday, August 26 from The Heritage Foundation Bongino to Testify at Hearing NEW YORK, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One today announced that The Dan Bongino Show podcast will offer a special two-hour edition on Monday, August 26, 2024, the first day of hearings for the House Republicans' independent investigation into the assassination attempt against former President Donald J. Trump led by Reps.
- 08/23/2024
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Cumulus Media's Westwood One Presents National Audio Coverage of the 2024 College Football Season
- NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., will present national audio coverage of the 2024 college football season. Highlighting Westwood One's schedule of 16 regular season games will be matchups with top-20 teams including the University of Georgia, The Ohio State University, The University of Texas, the University of Oregon, the University of Mississippi (Ole Miss), The University of Alabama, the University of Missouri, the University of Tennessee, Clemson University, and defending national champion, the University of Michigan as well as the Black College Football Hall of Fame Classic between Virginia State University and Benedict College. Postseason games will include the SEC Championship Game, the annual Army vs. Navy Game, and the FCS Championship.
- 08/20/2024
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Cumulus Media Announces Leadership Changes to the Cumulus Podcast Network
- Carolyn Chauncey Picks Up Podcast Content and Operations as Senior Vice President of Marketing and Podcasting Carolyn Chauncey Picks Up Podcast Content and Operations as Senior Vice President of Marketing and Podcasting
- 08/15/2024
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The Dan Bongino Show Podcast Audience Numbers Surge
- July Audio Downloads Increase 40% Over June Podcast Hits High Marks Across Ranking Charts Rumble Views Up 25% Over June NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One today announced that The Dan Bongino Show podcast saw a surge in growth in July 2024. Listeners turned to Bongino for his expertise and insight as a former United States Secret Service agent following the assassination attempt against former President Donald J.
- 08/08/2024
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Cumulus Media Inc. (CMLS) Q2 2024 Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Collin Jones – Executive Vice President-Strategy and Development and President-Westwood One Mary Berner – President and Chief Executive Officer Frank Lopez-Balboa – Chief Financial Officer Conference Call Participants Michael Kupinski – Noble Capital Markets Patrick Sholl – Barrington Research Operator Welcome to the Cumulus Media Quarterly Earnings Conference Call. I'll now turn the call over to Collin Jones, Executive Vice President of Strategy and Development and President of Westwood One.
- 08/02/2024
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Cumulus Media (CMLS) Reports Q2 Loss, Misses Revenue Estimates
- Cumulus Media (CMLS) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to loss of $0.06 per share a year ago.
- 08/02/2024
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Cumulus Media Reports Operating Results for the Second Quarter 2024
- Completed Highly Successful Debt Exchange That Reduced Our Debt Obligations Under Our Debt Instruments by Approximately $33 Million, Extended Maturities to 2029, Obtained Favorable Interest Rates, and Preserved Structure Free of Financial Maintenance Covenants
- 08/02/2024
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JD Vance to Be on “The Dan Bongino Show” Today During 2-3:00 p.m. ET Hour
- NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One today announced that talk radio host Dan Bongino will host JD Vance, the Republican Vice-Presidential candidate, today on “The Dan Bongino Show” for a live interview during the 2-3:00 p.m. ET hour of the program.
- 07/31/2024
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Cumulus Media Announces Conference Call to Discuss Second Quarter 2024 Operating Results
- ATLANTA, July 19, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Friday, August 2nd at 8:30 AM ET to discuss its second quarter 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
- 07/19/2024
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Bongino Report Early Edition With Evita(SM) Joins The Cumulus Podcast Network
- NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One announced that a new podcast, Bongino Report Early Edition with Evita SM , dropped its inaugural episode today on the Cumulus Podcast Network. In this first podcast extension under the Bongino umbrella, Gen Z journalist and culture analyst Evita Duffy-Alfonso joins the Bongino Report with a daily show covering all the top stories.
- 07/16/2024
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Westwood One & Cumulus Podcast Network Provide Special Programming Coverage of the Republican National Convention
- NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- WHAT: Dan Bongino, host of The Dan Bongino Show, will be at the Republican National Convention streaming live special coverage in addition to his regularly scheduled syndicated radio show on Westwood One and his daily podcast. Rich Valdés, host of Rich Valdés America at Night on Westwood One, will be covering the Republican National Convention and providing interviews with key party members.
- 07/14/2024
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Mark Levin Extends Contract With Westwood One
- New Agreement Keeps “The Mark Levin Show” on Westwood One and the Cumulus Podcast Network for Multiple Years
- 07/02/2024
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Cumulus Media Promotes Kriston Aitken to Chief Human Resources Officer
- ATLANTA, June 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced the appointment of Kriston Aitken to Chief Human Resources Officer, effective July 1, 2024. Reporting to Mary G. Berner, President and CEO, Aitken will be responsible for Human Resources strategy and operations, talent management, compensation and benefits, and supporting the advancement of the company culture. She succeeds Todd McCarty, who will be retiring after nearly nine years with the company.
- 06/12/2024
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Cumulus Media Welcomes The Candy Valentino Show to the Cumulus Podcast Network
- NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced The Candy Valentino Show has joined the Cumulus Podcast Network. Entrepreneur and bestselling author Candy Valentino talks with some of the world's most successful minds, including Tony Robbins, Daymond John, Ed Mylett, and Heidi Zak, while offering valuable insights drawn directly from her 26 years of expertise launching and selling her own businesses. She discusses wealth habits, business models, profit plans, real estate investing, and much more to help listeners achieve security and wealth.
- 05/08/2024
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Cumulus Media Names Mike Eaby Vice President/Executive Producer of Westwood One Sports
- ATLANTA, May 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced Mike Eaby's promotion to Vice President/Executive Producer of Westwood One Sports. In his new role, Eaby will manage and oversee all Westwood One Sports multi-platform content and live event production. Eaby will assume his new responsibilities on May 15, reporting to Bruce Gilbert, Senior Vice President, Sports Content & Audience for Cumulus Media and Westwood One. He succeeds Howard Deneroff, who departs his position after more than 35 years with Westwood One Sports.
- 05/08/2024
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Cumulus Media Inc. (CMLS) Q1 2024 Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Collin Jones - EVP, Strategy and Development, President of Westwood One Mary Berner - President and CEO Frank Lopez-Balboa - Executive Vice President and CFO Conference Call Participants Michael Kupinski - Noble Capital Markets Operator Welcome to the Cumulus Media Quarterly Earnings Conference Call. I'll now turn it over to Collin Jones, Executive Vice President of Strategy and Development and President of Westwood One.
- 05/03/2024
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Cumulus Media (CMLS) Reports Q1 Loss, Lags Revenue Estimates
- Cumulus Media (CMLS) came out with a quarterly loss of $0.85 per share versus the Zacks Consensus Estimate of a loss of $1.33. This compares to loss of $1.17 per share a year ago.
- 05/03/2024
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Cumulus Media Reports Operating Results for the First Quarter 2024; Refinances its Capital Structure to Secure Five-Year Maturities Through Successful Debt Exchange and ABL Facility Upsize and Extension
- ATLANTA, May 03, 2024 (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, 2024.
- 05/03/2024
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Cumulus Media Announces Expiration and Final Results of Exchange Offer and Consent Solicitation
- ATLANTA, May 02, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced the expiration and final results of its subsidiary's, Cumulus Media New Holdings Inc. (the “Issuer”), previously announced offer to exchange (as amended, the “Exchange Offer”) any and all of its outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.000% Senior Secured First-Lien Notes due 2029 (the “New Notes”) to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement, dated February 27, 2024 (as amended by Supplement No. 1, dated April 18, 2024, the “Offering Memorandum”). All capitalized terms not defined herein are defined in the Offering Memorandum, unless otherwise noted.
- 05/02/2024
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Analysts Estimate Cumulus Media (CMLS) to Report a Decline in Earnings: What to Look Out for
- 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.
- 04/26/2024
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Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent Solicitation
- ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has amended its previously announced offer to exchange (as so amended, the “Exchange Offer”) any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.000% Senior Secured First-Lien Notes due 2029 (“New Notes”) to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement (as supplemented, the “Offering Memorandum”) dated February 27, 2024, as amended by Supplement No. 1 (“Supplement No. 1”) dated April 18, 2024. All capitalized terms not defined herein are defined in the Offering Memorandum, unless otherwise noted.
- 04/18/2024
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Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024
- ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced selected preliminary operating results for the three months ended March 31, 2024.
- 04/18/2024
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Cumulus Media Announces Further Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 04/18/2024
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Cumulus Media Announces Further Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, April 17, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 04/17/2024
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Cumulus Media Announces Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, April 15, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 04/15/2024
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Cumulus Media Announces New Further Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, April 10, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 04/10/2024
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Cumulus Media Announces Further Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, April 03, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 04/03/2024
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Cumulus Media Announces Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, March 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 03/27/2024
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Cumulus Media: A Riddle, Wrapped In A Mystery, Inside An Enigma
- Cumulus Media is simultaneously enacting a poison pill defense against a potential hostile takeover and embarking on a debt restructuring. The proposed debt restructuring aims to reduce total debt and extend its maturity to 2029. CMLS implemented short-term Shareholder Rights amidst a surge in stock accumulation by Renew Group Private Ltd., a Singapore-based company owned by Manoj Bhargava.
- 03/14/2024
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Cumulus Media Announces Extension of Early Tender Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
- ATLANTA, March 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has extended the Early Tender Time in its previously-announced Exchange Offer and Consent Solicitation (the “Exchange Offer and Consent Solicitation”), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.750% Senior Secured First-Lien Notes due 2029 (“New Notes”), to be issued by the Issuer, upon the terms of and subject to the conditions set forth in the confidential offering memorandum and consent solicitation statement dated February 27, 2024 (the “Offering Memorandum”). Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
- 03/12/2024
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Cumulus Media's Westwood One Presents Audio Coverage of 2024 College Basketball Conference Championship Week
- Coverage Includes 24 Games between Saturday, March 9th and Sunday, March 17th, 2024 Coverage Includes 24 Games between Saturday, March 9th and Sunday, March 17th, 2024
- 03/07/2024
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Cumulus Media Inc. (CMLS) Q4 2023 Earnings Call Transcript
- Cumulus Media Inc. (CMLS) Q4 2023 Earnings Call Transcript
- 02/27/2024
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Cumulus Media (CMLS) Reports Q4 Loss, Tops Revenue Estimates
- Cumulus Media (CMLS) came out with a quarterly loss of $2.60 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.54 per share a year ago.
- 02/27/2024
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Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results
- ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
- 02/12/2024
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Cumulus Media Inc. (CMLS) Q3 2023 Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Company Participants Collin Jones - EVP, Strategy & Development Mary Berner - President & Chief Executive Officer Frank Lopez-Balboa - Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets James Goss - Barrington Research Dan Day - B. Riley Securities Operator Good morning.
- 10/27/2023
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Why Fast-paced Mover Cumulus (CMLS) Is a Great Choice for Value Investors
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cumulus (CMLS) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 10/18/2023
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Surprise! These 3 Penny Stocks Have Wall Street's Seal of Approval.
- Although relative few investors – let alone analysts hired by top research institutions – give much thought to low-volume speculative securities, the concept of top Wall Street penny stocks is not quite an oxymoron. Believe it or not, some market ideas are so compelling that they represent approved penny stock picks.
- 08/23/2023
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Arena Group shares up 12% in premarket as Indian billionaire snags 65% stake
- Shares in Arena Group Holdings, owner of Sports Illustrated, were up 12% premarket after revealing it has sold a majority stake sale to billionaire Manoj Bhargava's Simplify Inventions. The deal entails Simplify acquiring a 65% stake in Arena, injecting $50 million cash, and pledging a $60 million ad commitment over five years.
- 08/15/2023
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Cumulus Media Inc. (CMLS) Q2 2023 Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Collin Jones - EVP, Strategy and Development Mary Berner - President and CEO Frank Lopez-Balboa - CFO Conference Call Participants Dan Day - B. Riley Securities Avi Steiner - JPMorgan Michael Kupinski - NOBLE Capital Markets Jim Goss - Barrington Research Operator Good morning, ladies and gentlemen.
- 07/28/2023
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Cumulus Media (CMLS) Reports Q2 Loss, Tops Revenue Estimates
- Cumulus Media (CMLS) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to earnings of $0.36 per share a year ago.
- 07/28/2023
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Analysts Estimate Cumulus Media (CMLS) to Report a Decline in Earnings: What to Look Out for
- 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.
- 07/21/2023
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Cumulus Media Announces Conference Call to Discuss Second Quarter 2023 Operating Results
- ATLANTA, July 10, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Friday, July 28th at 8:30 AM ET to discuss its second 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.
- 07/10/2023
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Cumulus Media: Market Price Belies Underlying Assets
- Cumulus is priced for bankruptcy, but can comfortably service its debt and refinance. Cumulus could liquidate its assets at 35% discount to par and still distribute $9/share to shareholders. Cumulus holds extremely high value assets in Dallas-Fort Worth reasonably valued at $123 million - leading to liquidation distribution of $19/share to shareholders.
- 06/25/2023
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Cumulus Media Announces Conference Call to Discuss First Quarter 2023 Operating Results
- 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.
- 04/12/2023
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Top 5 Tech And Telecom Stocks That Are Preparing To Pump This Quarter - Consolidated Comms Hldgs (NASDAQ:CNSL), Cumulus Media (NASDAQ:CMLS)
- The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
- 03/22/2023
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Cumulus Media Inc. (CMLS) Q4 2022 Earnings Call Transcript
- 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.
- 02/25/2023
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Cumulus Media (CMLS) Tops Q4 Earnings and Revenue Estimates
- 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?
- 02/23/2023
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CMLS vs. NFLX: Which Stock Is the Better Value Option?
- CMLS vs. NFLX: Which Stock Is the Better Value Option?
- 02/22/2023
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5 Low Price-to-Book Stocks to Add to Your Kitty
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. Cumulus Media (CMLS), Signet Jewelers (SIG), Phillips 66 (PSX), Tri Pointe Homes (TPH) and Sterling Infrastructure (STRL) are some such stocks.
- 02/21/2023
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4 Low P/CF Stocks to Add to Your Portfolio for Optimum Returns
- 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.
- 02/17/2023
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Down -10.37% in 4 Weeks, Here's Why Cumulus (CMLS) Looks Ripe for a Turnaround
- 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.
- 02/14/2023
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Pick These 5 Bargain Stocks With Impressive EV/EBITDA Ratios
- We have screened bargain stocks CCU, EBR, CMLS, DNB and NOAH based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 02/10/2023
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CMLS or NFLX: Which Is the Better Value Stock Right Now?
- CMLS vs. NFLX: Which Stock Is the Better Value Option?
- 02/06/2023
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Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2022 Operating Results
- 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.
- 02/01/2023
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Cumulus Data takes U.S. Bitcoin mining nuclear
- (Kitco News) - Cumulus Data will begin offering nuclear-powered Bitcoin mining at the Cumulus Susquehanna data center in Pennsylvania by the end of the first quarter of 2023.
- 01/23/2023
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Is the Options Market Predicting a Spike in Cumulus Media (CMLS) Stock?
- Investors need to pay close attention to Cumulus Media (CMLS) stock based on the movements in the options market lately.
- 01/17/2023
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5 Most Cheap Tech And Telecom Stocks You Should Think About - FuboTV (NYSE:FUBO), Cumulus Media (NASDAQ:CMLS)
- The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
- 01/03/2023
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Best Value Stocks to Buy for October 31st
- WIRE, CMLS and ETD made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 31, 2022.
- 10/31/2022
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Cumulus Media: Management Just Unveiled A Potential $300 Million Opportunity
- CMLS announced earnings which were not as bad as some had feared, helping push shares higher by nearly 9% on the session. Digital revenues now account for 15% of the company's total revenues, which still trails radio peers.
- 10/28/2022
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Cumulus Media Inc. (CMLS) Q3 2022 Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q3 2022 Earnings Conference Call October 28, 2022 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 Michael Kupinski - Noble Capital Markets Aaron Watts - Deutsche Bank Dan Day - B. Riley Securities Jim Goss - Barrington Research Operator Good morning ladies and gentlemen.
- 10/28/2022
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Cumulus Media (CMLS) Q3 Earnings and Revenues Top Estimates
- Cumulus (CMLS) delivered earnings and revenue surprises of 10.20% and 0.44%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2022
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CMLS vs. NFLX: Which Stock Is the Better Value Option?
- CMLS vs. NFLX: Which Stock Is the Better Value Option?
- 10/27/2022
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Cumulus Media: Undervalued And Reaching About A Quarter Billion Listeners
- Cumulus Media offers 405 radio stations and across 86 markets. Management reduced the total amount of debt, and the company expects to deliver sales growth.
- 10/27/2022
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CMLS or NFLX: Which Is the Better Value Stock Right Now?
- CMLS vs. NFLX: Which Stock Is the Better Value Option?
- 10/11/2022
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Cumulus Media Announces Conference Call to Discuss Third Quarter 2022 Operating Results
- ATLANTA, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Friday, October 28th at 8:30 AM ET to discuss its third 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.
- 10/04/2022
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New Strong Sell Stocks for August 4th
- AGRO, CMLS, and SPR have been added to the Zacks Rank #5 (Strong Sell) List on August 4, 2022.
- 08/04/2022
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Cumulus Media (CMLS) Q2 Earnings Miss Estimates
- Cumulus (CMLS) delivered earnings and revenue surprises of -32.08% and 0.40%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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Cumulus Media Inc.'s (CMLS) CEO Mary Berner on Q2 2022 Results - Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM 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 Dan Day - B. Riley Securities Pat McCann - Noble Capital Markets Jim Goss - Barrington Research Avi Steiner - JPMorgan Operator Welcome to the Cumulus Media Quarterly Earnings Conference Call.
- 08/03/2022
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Cumulus Media (CMLS) to Report Q2 Earnings: What's in Store?
- Cumulus Media's (CMLS) Q2 performance is expected to have been aided by growth in digital business and demand for podcasting content amid tepid demand for advertising solutions.
- 08/01/2022
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Cumulus Media Announces Conference Call to Discuss Second Quarter 2022 Operating Results
- ATLANTA, July 14, 2022 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, August 3rd at 4:30 PM ET to discuss its second quarter 2022 operating results. A press release containing a summary of these results will be issued before the call at approximately 4:00 PM ET.
- 07/14/2022
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Cumulus Media: A Strong Buy At Current Prices
- Cumulus retired about 8.7% of shares outstanding already this year for a total of $25 million. Management still plans to see leverage drop to 3.5x as EBITDA continues to increase and net debt is reduced.
- 07/06/2022
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4 Stocks With Solid Net Profit Margin You Should Pick Now
- Let's take a look at four Buy-ranked stocks - Encore Wire Corporation (WIRE), Tecnoglass Inc. (TGLS), Universal Logistics Holdings, Inc. (ULH) and Cumulus Media Inc. (CMLS) - with solid net profit margins.
- 06/29/2022
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New Strong Buy Stocks for June 23rd
- NX, CAL, CMLS, ESTE, and AN have been added to the Zacks Rank #1 (Strong Buy) List on June 23, 2022.
- 06/23/2022
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Best Value Stocks to Buy for June 20th
- USAK, CMLS, and HZO made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 20, 2022.
- 06/20/2022
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New Strong Buy Stocks for June 20th
- DINO, PSX, GEF, CMLS, and EPD have been added to the Zacks Rank #1 (Strong Buy) List on June 20, 2022.
- 06/20/2022
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4 Stocks With Solid Net Profit Margin to Enhance Your Returns
- Here are four top-ranked stocks - VLO, WIRE, TGLS and CMLS - with solid net profit margins that can contribute toward making a solid portfolio.
- 06/14/2022
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Brokers Have a Buy Rating on These 4 Stocks
- If you don't feel too confident about the market at any point, going with the experts could suffice.
- 06/02/2022
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Has Cumulus Media (CMLS) Outpaced Other Consumer Discretionary Stocks This Year?
- Here is how Cumulus Media (CMLS) and Civeo (CVEO) have performed compared to their sector so far this year.
- 05/30/2022
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Is Cumulus Media (CMLS) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/30/2022
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4 Stocks With Robust Net Profit Margin to Enhance Your Returns
- Let's take a look at these four top-ranked stocks - TGLS, AMN, CMLS and ULH - with impressive net profit margins for a winning portfolio.
- 05/27/2022
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Is Cumulus Media (CMLS) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/12/2022
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Here's Why Momentum in Cumulus (CMLS) Should Keep going
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Cumulus (CMLS) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 05/09/2022
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Best Value Stocks to Buy for May 9th
- PAG, WSM, and CMLS made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 9, 2022.
- 05/09/2022
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Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q1 2022 Results - Earnings Call Transcript
- Cumulus Media, Inc. (NASDAQ:CMLS ) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET Company Participants Collin Jones - SVP, Corporate Development & Strategy Mary Berner - President, CEO & Director Frank Lopez-Balboa - EVP, CFO & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Daniel Day - B. Riley Securities Operator Good morning, ladies and gentlemen.
- 05/04/2022
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CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2022 Operating Results
- 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.
- 04/19/2022
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Cumulus Media stock soars after report of buyout offer
- 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.
- 04/14/2022
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Cumulus Media's (CMLS) CEO Mary Berner on Q4 2021 Results - Earnings Call Transcript
- Cumulus Media's (CMLS) CEO Mary Berner on Q4 2021 Results - Earnings Call Transcript
- 02/23/2022
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CUMULUS MEDIA Announces Conference Call to Discuss Fourth Quarter and Full Year 2021 Operating Results
- 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.
- 01/31/2022
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CUMULUS MEDIA Announces Participation in Two Upcoming Investor Conferences
- 5 th Annual Virtual Wells Fargo TMT Summit
- 11/29/2021
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Cumulus Media's (CMLS) CEO Mary Berner on Q3 2021 Results - Earnings Call Transcript
- Cumulus Media's (CMLS) CEO Mary Berner on Q3 2021 Results - Earnings Call Transcript
- 11/03/2021
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Cumulus Media (CMLS) Earnings Expected to Grow: Should You Buy?
- 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.
- 10/27/2021
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Here's Why Momentum in Cumulus (CMLS) Should Keep going
- Cumulus (CMLS) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 10/13/2021
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CUMULUS MEDIA Announces Conference Call to Discuss Third Quarter 2021 Operating Results
- 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.
- 10/13/2021
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CUMULUS MEDIA Releases New Investor Presentation
- Announces Participation in Deutsche Bank 29th Annual Leveraged Finance Conference Announces Participation in Deutsche Bank 29th Annual Leveraged Finance Conference
- 09/20/2021
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CUMULUS MEDIA Adds Senior Positions For Multi-Platform Content Development
- 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.
- 09/20/2021
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Have Fun and Stay Safe With Q99.7 at Atlanta's 2021 Music Midtown Festival!
- ATLANTA, Sept. 14, 2021 /PRNewswire/ -- WHO: Cumulus Atlanta's Hit Music Station Q99.7/WWWQ-FM.
- 09/14/2021
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CUMULUS MEDIA Study Analyzes NFL Fans' Use Of Radio vs. Television
- 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.
- 09/13/2021
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CUMULUS MEDIA's Westwood One Kicks Off Its 35th Consecutive Season As The Exclusive Network Radio Partner Of The NFL
- 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.
- 09/08/2021
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Cumulus Media Beats Q2 Revenue Expectations, Raises FY22 Cost Reduction Guidance
- 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.
- 08/04/2021
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Cumulus Media Inc. (CMLS) CEO Mary Berner on Q2 2021 Results - Earnings Call Transcript
- Cumulus Media Inc. (CMLS) CEO Mary Berner on Q2 2021 Results - Earnings Call Transcript
- 08/04/2021
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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) 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.
- 08/04/2021
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CUMULUS MEDIA Reports Operating Results for the Second Quarter 2021
- 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.
- 08/04/2021
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CUMULUS MEDIA Taps Rich Eisen For Monday Night Football
- 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.
- 08/03/2021
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CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2021 Operating Results
- 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.
- 07/15/2021
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Cumulus (CMLS) Soars 7.9%: Is Further Upside Left in the Stock?
- Cumulus (CMLS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 06/29/2021
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CUMULUS MEDIA Announces Successful Completion of $175 Million Debt Paydown
- ATLANTA, June 25, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced that it has successfully completed its previously announced actions to pay down $175 million of debt using cash on hand as further described below.
- 06/25/2021
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Cumulus (CMLS) is on the Move, Here's Why the Trend Could be Sustainable
- Cumulus (CMLS) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 06/22/2021
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CUMULUS MEDIA Enters Into Exclusive Sales Partnership With Adomni
- NEW YORK and LAS VEGAS, June 10, 2021 /PRNewswire/ -- CUMULUS MEDIA (NASDAQ: CMLS) announced today that it has executed an agreement with Adomni, a programmatic advertising platform with 460,000 out of home digital screens nationally, to be its exclusive sales partner to local businesses for the Uber OOH powered by Adomni cartop advertising network in markets where Cumulus operates radio stations. Uber OOH is the official Uber digital out-of-home national advertising network which, in partnership with Adomni, features two-sided internet-connected, video-enabled screens on the tops of Uber vehicles.
- 06/10/2021
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CUMULUS MEDIA Accelerates its Debt Reduction by Commencing $175 Million Debt Paydown
- ATLANTA, May 26, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced that it has initiated actions to pay down $175 million of debt using cash on hand.
- 05/26/2021
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Here's Why Momentum in Cumulus (CMLS) Should Keep going
- Cumulus (CMLS) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 05/25/2021
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The New Dan Bongino Show Debuted Today
- NEW YORK, May 24, 2021 /PRNewswire/ -- WHAT: Dan Bongino conducted a live interview with Former President Donald J. Trump for his new radio program The Dan Bongino Show.
- 05/24/2021
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CUMULUS MEDIA Launches First All-Digital AM Station In New York Metropolitan Area
- NEW YORK, May 24, 2021 /PRNewswire/ -- CUMULUS MEDIA (NASDAQ: CMLS) today flips WFAS-AM to AM1230Digital: New Talk for New York , an all-digital station. AM1230Digital is the first digital AM station broadcasting in the New York metropolitan area, the largest DMA.
- 05/24/2021
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Entravision: A High Growth, Low Valuation Bargain
- Entravision: A High Growth, Low Valuation Bargain
- 05/24/2021
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Beasley Broadcast: Compelling Upside Amid Economic Reopening, Insider Buying, & eSports
- Beasley Broadcast: Compelling Upside Amid Economic Reopening, Insider Buying, & eSports
- 05/10/2021
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Cumulus Media Inc. (CMLS) CEO Mary Berner on Q1 2021 Results - Earnings Call Transcript
- Cumulus Media Inc. (CMLS) CEO Mary Berner on Q1 2021 Results - Earnings Call Transcript
- 05/07/2021
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Cumulus Media (CMLS) Reports Q1 Loss, Tops Revenue Estimates
- Cumulus (CMLS) delivered earnings and revenue surprises of 24.11% and 5.34%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/05/2021
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CUMULUS MEDIA Reports Operating Results for the First Quarter 2021
- ATLANTA, May 05, 2021 (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, 2021.
- 05/05/2021
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CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2021 Operating Results
- ATLANTA, April 06, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Wednesday, May 5th at 8:30 AM ET to discuss its first 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.
- 04/06/2021
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Cumulus Media (CMLS) Enters Overbought Territory
- Cumulus Media (CMLS) has moved higher as of late, but there could definitely be trouble on the horizon for this company
- 03/17/2021
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Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q4 2020 Results - Earnings Call Transcript
- Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q4 2020 Results - Earnings Call Transcript
- 02/23/2021
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Cumulus Media: Q4 Earnings Insights
- Shares of Cumulus Media (NASDAQ:CMLS) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 77.65% year over year to $0.19, which beat the estimate of $0.02.
- 02/23/2021
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CUMULUS MEDIA Reports Operating Results for 2020
- ATLANTA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three months and year ended December 31, 2020.
- 02/23/2021
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Cumulus Raises $8M in Growth Capital to Make Industrial Facilities Cleaner, Safer, and More Productive
- BOSTON--(BUSINESS WIRE)-- #connectedworker--Cumulus raises $8M in growth capital to scale its Internet of Tools platform to make industrial facilities cleaner, safer, and more productive.
- 01/15/2021
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Cumulus Digital Systems raises $8 million to expand data monitoring for industrial facilities
- Cumulus Digital Systems, whose SaaS platform monitors industrial data, will announce an $8 million funding round later today.
- 01/15/2021
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CUMULUS MEDIA Unveils PROJECT SHINE
- ATLANTA, Nov. 19, 2020 /PRNewswire/ -- CUMULUS MEDIA today announces the launch of PROJECT SHINE, a cross-platform charitable initiative, serving as a nationwide call to local volunteerism through partner VolunteerMatch, the world's largest volunteer engagement network. PROJECT SHINE will...
- 11/19/2020
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Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q3 2020 Results - Earnings Call Transcript
- Cumulus Media, Inc. (CMLS) CEO Mary Berner on Q3 2020 Results - Earnings Call Transcript
- 11/08/2020
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Cumulus Media Has Executed And Remains A Strong Buy
- I previously covered why Cumulus Media is an undervalued cash flow machine. Since then, they have executed several expected transactions that have improved their liquidity and lowered their financing cost.
- 11/07/2020
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CUMULUS MEDIA Reports Operating Results for the Third Quarter 2020
- ATLANTA, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2020.
- 11/05/2020
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CUMULUS MEDIA Announces Completion of Offer to Purchase 2026 Notes
- ATLANTA, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced that the Company has completed its asset sale offer to purchase $47,164,000 aggregate principal amount of its 6.750% Senior Secured First-Lien Notes due 2026 (the “Notes”), at 100% plus accrued and unpaid interest to, but not including, November 3, 2020, and such Notes were accepted for payment and subsequently cancelled. As a result, $452,836,000 aggregate principal amount of Notes remain outstanding.
- 11/03/2020
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Cumulus Media Inc (CMLS) Q2 2020 Earnings Call Transcript
- Before we start, please note that certain statements in today's press release and discussed on this call may constitute forward-looking statements under federal securities laws. Actual results may differ materially from the results expressed or implied in forward-looking statements.
- 08/10/2020
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Bill O'Reilly is on the verge of landing a new show on radio station owned by a Trump ally
- Former Fox News host Bill O'Reilly is on the brink of landing his own radio show at a station owned by longtime Trump ally John Catsimatidis.
- 08/10/2020
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Cumulus Media's (CMLS) CEO Mary Berner on Q2 2020 Results - Earnings Call Transcript
- Cumulus Media, Inc. (NASDAQ:CMLS) Q2 2020 Earnings Conference Call August 10, 2020, 8:30 am ET Company Participants Collin Jones - SVP, Corporate Development & Strategy Mary Berner - President & CEO Frank Lopez-Balboa - CFO Conference Call Participants John Janedis - Wolfe Research Zack Silver - B.
- 08/10/2020
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Cumulus Media (CMLS) Reports Q2 Loss, Lags Revenue Estimates
- Cumulus (CMLS) delivered earnings and revenue surprises of 0.00% and -6.55%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/10/2020
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CUMULUS MEDIA Reports Operating Results for the Second Quarter 2020 and Announces Definitive Agreement to Monetize Tower Portfolio for $213 Million
- ATLANTA, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three and six months ended June 30, 2020. Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, "Despite the COVID-19 pandemic’s material impact on revenue, the Company generated over $90 million of cash in the quarter through quick and decisive expense actions, strong working capital management and the completion of the sale of land in Bethesda, MD. Ending the quarter with nearly $200 million of cash, we have also entered into an agreement to monetize our tower portfolio for more than $210 million, proceeds which will further add to our liquidity and contribute to significant incremental debt paydown. Our demonstrated ability to rise to a challenge, strong liquidity position and resilient balance sheet are critical assets as we operate through this uncertain environment, and we believe we remain very well-positioned to drive long-term shareholder value through continued aggressive debt reduction and the execution of our growth initiatives."Key Highlights: * Meaningfully mitigated pandemic’s Q2 impacts through significant fixed cost expense reductions * Nearly $36 million realized in Q2 * Total reductions of more than $85 million expected in 2020 * Delivered sequential monthly revenue and EBITDA improvement through the quarter * Continued to deliver profitable growth in digital * Posted positive EBITDA in June * Substantially increased liquidity and strengthened balance sheet * Grew cash balance to $197 million, up $91 million from Q1 * Achieved net debt reduction of approximately 10% since March * Generated $28 million of cash from operations and netted $66 million of additional cash from completion of the sale of land in Bethesda, MD in Q2 * Maintained balance sheet flexibility with no funded debt maturity prior to 2026 or financial maintenance covenants * Executed agreement to monetize tower portfolio and related assets for $213 million * Expect funds from deal completion to permit substantial debt paydown and provide additional liquidity * Anticipate first closing for 85% or more of proceeds in Q4Operating Summary (dollars in thousands, except percentages and per share data):For the three months ended June 30, 2020, the Company reported net revenue of $146.0 million, a decrease of 47.8% from the three months ended June 30, 2019, net loss of $36.3 million and Adjusted EBITDA of $(6.4) million.For the three months ended June 30, 2020, the Company reported same station net revenue of $146.0 million, a decrease of 46.6% from the three months ended June 30, 2019, and same station Adjusted EBITDA of $(6.3) million.For the six months ended June 30, 2020, the Company reported net revenue of $373.9 million, a decrease of 31.7% from the six months ended June 30, 2019, net loss of $43.7 million and Adjusted EBITDA of $21.4 million.For the six months ended June 30, 2020, the Company reported same station net revenue of $372.5 million, a decrease of 29.5% from the six months ended June 30, 2019, and same station Adjusted EBITDA of $22.2 million, a decrease of 78.3% from the six months ended June 30, 2019.As ReportedThree Months Ended June 30, 2020 Three Months Ended June 30, 2019 % Change Net revenue$146,022 $279,673 (47.8)% Net (loss) income$(36,316) $42,861 N/A Adjusted EBITDA (1)$(6,375) $61,819 N/A Basic (loss) income per share$(1.79) 2.13 N/A Diluted (loss) income per share$(1.79) 2.11 N/A Same Station (2)Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 % Change Net revenue$146,012 $273,451 (46.6)% Adjusted EBITDA (1)$(6,274) $62,496 N/A As ReportedSix Months Ended June 30, 2020 Six Months Ended June 30, 2019 % Change Net revenue$373,936 $547,169 (31.7)% Net (loss) income$(43,667) $43,312 N/A Adjusted EBITDA (1)$21,350 $103,623 (79.4)% Basic (loss) income per share$(2.15) 2.16 N/A Diluted (loss) income per share$(2.15) 2.14 N/A Same Station (2)Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 % Change Net revenue$372,485 $528,511 (29.5)% Adjusted EBITDA (1)$22,155 $102,266 (78.3)% Revenue Detail Summary (dollars in thousands):As ReportedThree Months Ended June 30, 2020 Three Months Ended June 30, 2019 % Change Broadcast radio revenue: Spot$72,437 $163,111 (55.6)% Network41,767 72,877 (42.7)% Total broadcast radio revenue114,204 235,988 (51.6)% Digital20,341 20,208 0.7% Other11,477 23,477 (51.1)% Net revenue$146,022 $279,673 (47.8)% Same Station (2)Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 % Change Broadcast radio revenue: Spot$72,466 $158,741 (54.3)% Network41,767 72,504 (42.4)% Total broadcast radio revenue114,233 231,245 (50.6)% Digital20,341 19,636 3.6% Other11,438 22,570 (49.3)% Net revenue$146,012 $273,451 (46.6)% As ReportedSix Months Ended June 30, 2020 Six Months Ended June 30, 2019 % Change Broadcast radio revenue: Spot$194,380 $302,690 (35.8)% Network107,450 158,041 (32.0)% Total broadcast radio revenue301,830 460,731 (34.5)% Digital42,227 37,049 14.0% Other29,879 49,389 (39.5)% Net revenue$373,936 $547,169 (31.7)% Same Station (2)Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 % Change Broadcast radio revenue: Spot$193,280 $289,565 (33.3)% Network107,450 156,800 (31.5)% Total broadcast radio revenue300,730 446,365 (32.6)% Digital42,156 35,703 18.1% Other29,599 46,443 (36.3)% Net revenue$372,485 $528,511 (29.5)% Balance Sheet Summary (dollars in thousands): June 30, 2020 December 31, 2019 Cash and cash equivalents $196,914 $15,142 Term loan due 2026 (3) $521,063 $523,688 6.75% Senior notes (3) $500,000 $500,000 2020 Revolving credit facility $60,000 $— Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Capital expenditures$5,575 $10,715 (1) Adjusted EBITDA is not a financial measure calculated or presented in accordance with GAAP. For additional information, see “Non-GAAP Financial Measures.” (2) Adjusted for all merger and acquisition activity occurring in 2019 and 2020 as if such activity had occurred as of January 1, 2019. Same Station financial measures are not financial measures calculated or presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). For additional information, see “Non-GAAP Financial Measures.” (3) Excludes unamortized debt issuance costs.Earnings Conference Call Details The Company will host a conference call today at 8:30 AM EDT to discuss its second quarter operating results. A link to the webcast of the conference call will be available on the investor section of the Company’s website (www.cumulusmedia.com/investors/). The conference call dial-in number for domestic callers is 877-830-7699 for call access. If prompted, the conference ID number is 3379889. Please call five to ten minutes in advance to ensure that you are connected prior to the call.Following completion of the call, a recording of the call can be accessed via a link at www.cumulusmedia.com/investors.Forward-Looking Statements Certain statements in this release may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Such statements are statements other than historical fact and relate to our intent, belief or current expectations primarily with respect to our future operating, financial, and strategic performance. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ from those contained in or implied by the forward-looking statements as a result of various factors including, but not limited to, risks and uncertainties related to the implementation of our strategic operating plans, the evolving and uncertain nature of the COVID-19 pandemic and its impact on the Company, the media industry, and the economy in general and other risk factors described from time to time in our filings with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond our control, and the unexpected occurrence or failure to occur of any such events or matters could significantly alter our actual results of operations or financial condition. CUMULUS MEDIA assumes no responsibility to update any forward-looking statements, which are based upon expectations as of the date hereof, as a result of new information, future events or otherwise.About CUMULUS MEDIA CUMULUS MEDIA (NASDAQ: CMLS) is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month - wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 424 owned-and-operated stations across 87 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, the Olympics, the Academy of Country Music Awards, and many other world-class partners across nearly 8,000 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking.
- 08/10/2020
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What Can The Trends At Cumulus Media (NASDAQ:CMLS) Tell Us About Their Returns?
- If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
- 08/06/2020
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5 Value Stocks In The Communication Services Sector
- The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.Below is a list of notable value stocks in the communication services sector: 1. Jiayin Gr (NASDAQ: JFIN) - P/E: 4.26 2. Gray Television (NYSE: GTN) - P/E: 7.24 3. Cumulus Media (NASDAQ: CMLS) - P/E: 1.49 4. AMC Networks (NASDAQ: AMCX) - P/E: 4.27 5. Discovery (NASDAQ: DISCK) - P/E: 6.53Jiayin Gr has reported Q1 earnings per share at 0.03, which has decreased by 62.5% compared to Q4, which was 0.08. Jiayin Gr does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Gray Television's earnings per share for Q1 sits at 0.43, whereas in Q4, they were at 0.91. Gray Television does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Cumulus Media saw a decrease in earnings per share from 0.85 in Q4 to -0.36 now. Cumulus Media does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Most recently, AMC Networks reported earnings per share at 1.47, whereas in Q4 earnings per share sat at 1.69. AMC Networks does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.Discovery saw a decrease in earnings per share from 0.98 in Q4 to 0.87 now. Discovery does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.See more from Benzinga * 5 Value Stocks In The Healthcare Sector * 5 Value Stocks In The Real Estate Sector * Unusual Options Activity Insight: Facebook(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Analysts Estimate Cumulus Media (CMLS) to Report a Decline in Earnings: What to Look Out for
- 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.
- 08/03/2020
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CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2020 Operating Results
- ATLANTA, July 27, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Monday, August 10th at 8:30 AM ET to discuss its second quarter 2020 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. The dial-in number for domestic callers is 877-830-7699. If prompted, the conference ID number is 3379889. Please call five to ten minutes in advance to ensure that you are connected prior to the call.A stream of the call can be accessed via a link at www.cumulusmedia.com/investors. This link can also be used to access a recording of the call following its completion.About CUMULUS MEDIACUMULUS MEDIA is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 424 owned-and-operated stations across 87 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, the Olympics, the Academy of Country Music Awards, and many other world-class partners across nearly 8,000 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through on-air and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visit www.cumulusmedia.com.Contact Information Investor Relations IR@cumulus.com 404-260-6600
- 07/27/2020
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Radio Offers A Compelling Value Proposition For Advertisers - IHeartMedia Is The Best In The Space
- Radio has better consumer reach than any other medium, with 93% of Americans listening every month. For advertisers, radio is cheaper, avoids the plague of ad fraud, and has competitive return on investment of 6 to 1.
- 07/16/2020
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Triton Digital’s Omny Studio Platform Launches Secure Distribution Capabilities for Audio Publishers
- Triton Digital’s Omny Studio Platform Launches Secure Distribution Capabilities for Audio Publishers
- 07/15/2020
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Cumulus Media Inc (NASDAQ:CMLS) Shares Bought by AQR Capital Management LLC
- AQR Capital Management LLC grew its holdings in Cumulus Media Inc (NASDAQ:CMLS) by 88.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,448 shares of the company’s stock after purchasing an additional 116,638 shares during the quarter. AQR Capital Management LLC […]
- 07/04/2020
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Cumulus Media New Holdings Inc. -- Moody's affirms Cumulus Media's B2 CFR; outlook changed to negative
- The negative outlook for Cumulus reflects the impact of the economic recession arising from the coronavirus outbreak which Moody's expects will materially impact radio advertising revenue in the near term and lead to higher leverage levels and lower cash outflow from operations. As a result, the Speculative Grade Liquidity (SGL) rating was downgraded to SGL-3 from SGL-2.
- 06/25/2020
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A Look Into Cumulus Media's Price Over Earnings
- In the current market session, Cumulus Media Inc. (NASDAQ: CMLS) is trading at $4.89, after a 13.99% increase. However, over the past month, the stock decreased by 17.26%, and in the past year, by 73.64%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently higher from its 52 week low by 63.00%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Broadcasting stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 4.46 in the Broadcasting industry, Cumulus Media Inc. has a lower P/E ratio of 1.62. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to P/E ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Stocks That Hit 52-Week Lows On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/25/2020
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Noble Financial Thinks Cumulus Media's Stock is Going to Recover - Markets
- Noble Financial analyst Michael Kupinski maintained a Buy rating on Cumulus Media (CMLS – Research Report) today and set a
- 06/25/2020
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Cumulus Media : Completes Sale of Land in Bethesda, Maryland to Toll Brothers for $74.1 Million | MarketScreener
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Cumulus Media Completes Sale of Land in Bethesda, Maryland to Toll Brothers for $74.1 Million
- Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has closed on the sale of an approximately 75-acre parcel of land in Bethesda, Maryland to Toll Brothers, continuing to execute on its commitment to reducing net leverage. Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, “Given the difficult operating environment, our ability to continue to strengthen our balance sheet with the proceeds of this deal is particularly meaningful, and we greatly appreciate the efforts of Toll Brothers in working with us to bring this five-year effort to completion.” The sale generated gross proceeds of $74.1 million, $5.0 million of which had been received in 2019, and expected net proceeds of $71.3 million after transaction fees and expenses.
- 06/24/2020
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Cumulus: Could Be Time To Buy Again
- My research indicates that government-mandated lockdowns, not fears of COVID-19, is the main factor keeping consumers at home. As lockdowns continue to end, con
- 06/24/2020
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Hedge Funds Are Dumping Cumulus Media Inc (NASDAQ:CMLS)
- In this article you are going to find out whether hedge funds think Cumulus Media Inc (NASDAQ:CMLS) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/24/2020
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Cumulus Media Inc (NASDAQ:CMLS) Shares Bought by JPMorgan Chase & Co.
- JPMorgan Chase & Co. raised its holdings in Cumulus Media Inc (NASDAQ:CMLS) by 30.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,610 shares of the company’s stock after acquiring an additional 84,215 shares during the quarter. JPMorgan Chase & Co. owned 2.24% […]
- 06/22/2020
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La hausse de l'accessibilité des podcasts à l'échelle mondiale grâce aux fonctionnalités multilingues Omny Studio de Triton Digital
- Triton Digital®, le leader mondial en matière de technologie et de services pour le secteur de l'audio numérique et des podcasts, a annoncé aujourd'hu
- 06/03/2020
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Comunicado do Business Wire :Triton Digital
- Triton Digital
- 06/02/2020
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Triton Digital’s Omny Studio Increasing Podcast Accessibility Globally with Multilingual Capabilities
- Press release content from Business Wire. The AP news staff was not involved in its creation.
- 06/02/2020
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Omny Studio, da Triton Digital, aumenta a acessibilidade a podcasts globalmente com recursos multilíngues
- Triton Digital®, a líder global em tecnologia e serviços para o setor de áudio digital e podcast, divulgou hoje a expansão multilíngue da plataforma d
- 06/02/2020
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CUMULUS MEDIA Adopts Short-Term Shareholder Rights Plan
- In adopting the Rights Plan, the Board has taken note of the unprecedented impact of the COVID-19 pandemic on equity market valuations which has led to substantial volatility in the trading of the Company’s stock and a dislocation in Cumulus’ stock price, which the Board believes does not reflect the Company's inherent value or business performance. The Rights Plan is intended to promote the fair and equal treatment of all shareholders by preventing a creeping change of control without an appropriate premium and on terms that would not deliver sufficient value for all shareholders.
- 05/21/2020
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Downgrade: Here's How Analysts See Cumulus Media Inc. (NASDAQ:CMLS) Performing In The Near Term
- One thing we could say about the analysts on Cumulus Media Inc. (NASDAQ:CMLS) - they aren't optimistic, having just...
- 05/17/2020
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Cumulus Media Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
- There's been a notable change in appetite for Cumulus Media Inc. (NASDAQ:CMLS) shares in the week since its...
- 05/15/2020
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Cumulus Media Inc. (CMLS) CEO Mary Berner on Q1 2020 Results - Earnings Call Transcript
- Cumulus Media Inc. (NASDAQ:CMLS) Q1 2020 Results Earnings Conference Call May 11, 2020, 04:30 PM ET Company Participants Collin Jones - SVP of Corporate Develop
- 05/12/2020
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Cumulus Media Inc (CMLS) Q1 2020 Earnings Call Transcript
- Before we start, please note that certain statements in today's press release and discussed on this call may constitute forward-looking statements under federal securities laws. Actual results may differ materially from the results expressed or implied in forward-looking statements.
- 05/12/2020
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Cumulus Media (CMLS) Reports Q1 Loss, Lags Revenue Estimates
- Cumulus (CMLS) delivered earnings and revenue surprises of -157.14% and -2.18%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/11/2020
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CUMULUS MEDIA Reports Operating Results for the First Quarter 2020
- ATLANTA, May 11, 2020 -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three months ended.
- 05/11/2020
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Nvidia acquires Cumulus Networks
- Nvidia today announced its plans to acquire Cumulus Networks, an open-source-centric company that specializes in helping enterprises optimize their data center networking stack. With Cumulus Express, the company also offers a hardware solution in the form of its own data center switch.
- 05/04/2020
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CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2020 Operating Results
- ATLANTA, Ga., April 28, 2020 -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Monday, May 11th at 4:30 PM ET to discuss its first quarter 2020 operating.
- 04/28/2020
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Why Amazon, Apple, Facebook, and Google Look Even Stronger in a Pandemic
- Over the past decade, the Big Four have been destroying their competitors. Covid-19 is just finishing the job.
- 04/21/2020
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Bank of New York Mellon Corp Boosts Position in Cumulus Media Inc (NASDAQ:CMLS)
- Bank of New York Mellon Corp lifted its holdings in shares of Cumulus Media Inc (NASDAQ:CMLS) by 225.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,062 shares of the company’s stock after purchasing an additional 98,354 shares during the quarter. […]
- 04/20/2020
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It's ugly in advertising - Barron's
- Advertising is drying up everywhere you look due to the pandemic, warns Barron's in a brutal assessment of the industry. Basic cable: AMC Networks (NASDAQ:AMCX), ViacomCBS (NASDAQ:VIAC) and Discovery
- 04/04/2020
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Stocks To Watch: OPEC Goes Virtual
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 04/04/2020
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Google and Facebook Can’t Save the Advertising Industry This Time
- The advertising world is in crisis, and the maturation of digital ads means there won’t be an industry bright spot like there was in 2008.
- 04/03/2020
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Those Who Purchased Cumulus Media (NASDAQ:CMLS) Shares A Year Ago Have A 72% Loss To Show For It
- It's not a secret that every investor will make bad investments, from time to time. But it would be foolish to simply...
- 03/22/2020
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CUMULUS MEDIA Appoints Francisco (Frank) J. Lopez-Balboa as Executive Vice President and Chief Financial Officer
- ATLANTA, March 19, 2020 -- Cumulus Media Inc. (NASDAQ: CMLS) today announced that Frank Lopez-Balboa has been appointed Executive Vice President and Chief Financial Officer,.
- 03/19/2020
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13 Election Podcasts for Every Type of Listener
- Our critic’s guide to the ever-expanding world of politics podcasts.
- 03/18/2020
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Coronavirus Fuels Madness in These Sector ETFs & Stocks
- We have highlighted ETFs & stocks from the scetor that are most exposed to the damage caused by the malaise.
- 03/12/2020
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CUMULUS MEDIA Reports Operating Results for 2019
- ATLANTA, Feb. 21, 2020 -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced operating results for the three months and.
- 02/21/2020
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Cumulus Media, Inc. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / February 21, 2020 / Covanta Holding Corp. (NASDAQ:CMLS) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 21, 2020 ...
- 02/21/2020
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Neenah Inc. to promote COO, making her one of Georgia's top female CEOs
- Georgia's other largest public companies with female CEOs include Veritiv Corp.'s Mary Laschinger, Cumulus Media Inc.'s Mary Berner, and Chart Industries Inc.'s Jillian Evanko.
- 02/11/2020
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CUMULUS MEDIA Announces Conference Call to Discuss Fourth Quarter and Full Year 2019 Operating Results
- ATLANTA, Feb. 06, 2020 -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Friday, February 21st at 8:30 AM ET to discuss its fourth quarter and full year 2019.
- 02/06/2020
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Bearish Bets: 2 Stocks You Should Consider Shorting This Week
- Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Cleveland-Cliffs Inc. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
- 02/02/2020
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CUMULUS MEDIA Announces CFO Transition
- ATLANTA, Jan. 09, 2020 -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” “our,” “Cumulus, ” or “Cumulus Media”) today announced that John Abbot, Executive Vice.
- 01/09/2020
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The Zacks Analyst Blog Highlights: Cable One, Charter, Cumulus Media and Tegna
- The Zacks Analyst Blog Highlights: Cable One, Charter, Cumulus Media and Tegna
- 12/24/2019
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4 Media Stocks That More Than Doubled the S&P 500 in 2019
- Media companies are benefiting from strong advertising revenues, original content and growing demand for high-speed Internet.
- 12/23/2019
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What Makes Cumulus Media (CMLS) a Strong Momentum Stock: Buy Now?
- Does Cumulus Media (CMLS) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/16/2019
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Here’s What Hedge Funds Think About Cumulus Media Inc (CMLS)
- We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- 12/13/2019
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Would you care if music disappeared from FM radio? You may only have a decade to save it
- Despite facing attacks from CDs, cassettes, and digital downloads in the past three decades, radio still reaches over 90% of adults in the U.S. If you think FM music could be dead within a decade, as some experts argue, iHeartMedia CEO Bob Pittman says you're missing the point.
- 08/09/2019
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Free the Dixie Three
- When the Guardian reported the Dixie Chicks' attack on George Bush at a London gig in March, all hell broke loose in their homeland. They were branded 'Saddam's Angels' and their records were burned. So do the country trio have any regrets? And how is their current US tour going? Nigel Williamson joins them on the road
- 08/22/2003
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