Cumulus Media

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

Earnings data Q1 2021

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Cumulus Media reports steady Q4 performance amidst ad challenges

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

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

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

Cumulus Media exceeds EBITDA expectations with digital growth amid challenges

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

Cumulus Media meets Q3 expectations, eyes growth amid advertising challenges

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

Cumulus Media reports digital growth amidst revenue challenges in 2023

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

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

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

Cumulus Media reports Q2 revenue decline but strong DMS growth

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

Cumulus Media meets Q3 expectations, eyes digital growth opportunities

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

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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.

The Rome Empire Expands Again

Five-Hour Nightly Country Show to Feature Biggest Stars in Country Music and Fast-rising Artists, Music City News, Fan Interactions

Westwood One Introduces the Next Evening Star of Country Music Radio with Launch of “Country Nights Live with Bev Rainey”

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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

Westwood One Brings the Next Generation of Syndicated Weekend Show, “American Country Countdown” to Music Fans With New Host, Ryan Fox

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.

Mark Levin to Host New Original Podcast Series With Dr. Larry Arnn, President of Hillsdale College

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.

Cumulus Media Inc. (CMLS) Q3 2024 Earnings Call Transcript

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.

Cumulus Media (CMLS) Reports Q3 Loss, Lags Revenue Estimates

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.

Cumulus Media Reports Operating Results for the Third Quarter 2024

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

Cumulus Media and TuneIn Expand Content Partnership Agreement

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.

Cumulus Media Announces Conference Call to Discuss Third Quarter 2024 Operating Results

No-Contest Wrestling Launches October 2 with Hosts O'Shea Jackson, Jr. And TJ Jefferson

Rich Eisen Podcast Network Expands Programming With Two New Shows for the Cumulus Podcast Network

YouTube Personality Benny Johnson Hosts Top-Ranking Vodcast Every Weekday YouTube Personality Benny Johnson Hosts Top-Ranking Vodcast Every Weekday

The Benny Show Joins the Cumulus Podcast Network

On the Frontlines with Mark Levin and Yael Eckstein ~ Presented by The International Fellowship of Christians and Jews

Mark Levin to Host Original Podcast Series

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.

Dan Bongino to Host Special Live Podcast on Rumble During the Presidential Debate on September 10

2024 Season Coverage Kicks Off September 5 when the Defending Super Bowl Champion Kansas City Chiefs host the Baltimore Ravens

Cumulus Media's Westwood One Launches 38th Consecutive Season as the Exclusive Primetime Network Radio Partner of the NFL

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.

Cumulus Media's Westwood One Presents National Audio Coverage of the 2024 College Football Season

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

Cumulus Media Announces Leadership Changes to the Cumulus Podcast Network

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.

The Dan Bongino Show Podcast Audience Numbers Surge

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.

Cumulus Media Inc. (CMLS) Q2 2024 Earnings Call Transcript

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.

Cumulus Media (CMLS) Reports Q2 Loss, Misses Revenue Estimates

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

Cumulus Media Reports Operating Results for the Second Quarter 2024

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.

JD Vance to Be on “The Dan Bongino Show” Today During 2-3:00 p.m. ET Hour

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.

Cumulus Media Announces Conference Call to Discuss Second Quarter 2024 Operating Results

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.

Bongino Report Early Edition With Evita(SM) Joins The Cumulus Podcast Network

New Agreement Keeps “The Mark Levin Show” on Westwood One and the Cumulus Podcast Network for Multiple Years

News for Cumulus Media Stock (CMLS)