Welcome to our dedicated page for Cumulus Media news (Ticker: $CMLS), a resource for investors and traders seeking the latest updates and insights on Cumulus Media stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cumulus Media's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cumulus Media's position in the market.
Rhea-AI Summary
Cumulus Media's Westwood One (NASDAQ: CMLS) to provide comprehensive live audio coverage of the 2024 NCAA Men's and Women's Final Four and national championship games in English and Spanish. The network will also broadcast the Women's Final Four and national championship game live from Cleveland. All games can be heard on terrestrial radio, via SiriusXM, and online for free. The Men's Final Four coverage will feature Kevin Kugler, Jim Jackson, and Clark Kellogg in English, and Rafael Hernández Brito in Spanish. The Women's Final Four coverage will include Ryan Radtke, Debbie Antonelli, and Ros Gold-Onwude. Westwood One has been the exclusive national audio broadcast partner of the NCAA since 1982, providing extensive coverage of the tournament.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
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Rhea-AI Summary
Cumulus Media Inc. extends Exchange Offer and Consent Solicitation for Senior Secured First-Lien Notes, offering $770.00 principal amount of New Notes to holders of Old Notes. Approximately $15 million aggregate principal amount of Old Notes tendered as of April 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
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Rhea-AI Summary
Cumulus Media's Westwood One to broadcast live coverage of NCAA Men's Basketball Sweet Sixteen, Elite Eight, Final Four, and National Championship Game in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.15%
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Rhea-AI Summary
Cumulus Media's Westwood One to Broadcast NCAA Women's Basketball Championship
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.15%
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Rhea-AI Summary
Cumulus Media Inc. (CMLS) extends the Expiration Time for its Exchange Offer and Consent Solicitation, offering to exchange 6.750% Senior Secured First-Lien Notes due 2026 for new 8.750% Senior Secured First-Lien Notes due 2029. The New Expiration Time is set for April 2, 2024, with a deadline for withdrawing tenders on March 11, 2024. Holders that tender prior to the New Expiration Time are eligible to receive $770.00 principal amount of New Notes. Approximately $15 million aggregate principal amount of the Old Notes had been tendered as of March 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
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Rhea-AI Summary
CUMULUS MEDIA’s Westwood One (NASDAQ: CMLS) to broadcast NCAA Division I Men’s Basketball Championship across multiple platforms, including radio, online streaming, and apps. The coverage includes the Final Four in Spanish. All 67 games will be available for free online. Kellogg, Kugler, and Jackson to lead the English broadcast team with a lineup of renowned commentators and analysts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
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Rhea-AI Summary
Cumulus Media Inc. announces extension of Early Tender Time in Exchange Offer and Consent Solicitation for Senior Secured First-Lien Notes. The Issuer offers to exchange Old Notes for New Notes, with an Early Tender Premium. The Exchange Offer and Consent Solicitation will expire on March 26, 2024.
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Rhea-AI Sentiment
End-of-Day
3.53%
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Rhea-AI Summary
Cumulus Media's Westwood One to Cover 24 NCAA Basketball Games from Conference Championship Week
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Rhea-AI Sentiment
End-of-Day
0.29%
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Rhea-AI Summary
Cumulus Media Inc. announces an Exchange Offer for its 6.750% Senior Secured First-Lien Notes due 2026 for new 8.750% Senior Secured First-Lien Notes due 2029. The offer includes key economic terms and guarantees, with a deadline of March 26, 2024. The Exchange Offer is accompanied by a Consent Solicitation to amend certain provisions in the Old Notes Indenture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.06%
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Rhea-AI Summary
Cumulus Media Inc. announced operating results for 2023, highlighting a decline in revenue offset by growth in digital businesses and cost reductions. The company reported total net revenue of $844.5 million, a 11.4% decrease year-over-year. Despite challenges in the advertising market, Cumulus Media increased digital revenue to $146.4 million, representing 17% of total revenue. The company recorded a net loss of $117.9 million, compared to net income of $16.2 million in 2022, primarily due to non-cash impairment charges. Adjusted EBITDA stood at $90.7 million, down from $166.0 million in 2022. Cumulus Media retired $130.2 million in debt since 2022 and repurchased $39.0 million of shares. The company reported total debt of $675.8 million and net debt of $595.1 million as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.06%
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Cumulus Media Inc.
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About CMLS
as america's second largest operator of radio stations, cumulus provides high-impact local marketing solutions in 90 metropolitan areas. we introduce businesses of all sizes to our communities of over 150 million listeners via radio, digital media, targeted e-mail and on-site promotions. these solutions help our customers build strong brands and tap into over $4 trillion of local spending power.