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.
Cumulus Media Inc. (symbol: CMLS) is a prominent audio-first media company that connects with over 150 million listeners through a diverse suite of platforms including radio, digital media, targeted e-mail, and on-site promotions. As America's second-largest operator of radio stations, Cumulus Media provides high-impact local marketing solutions across 90 metropolitan areas, helping businesses of all sizes to tap into over $4 trillion of local spending power.
Cumulus Media's extensive portfolio includes 401 owned-and-operated radio stations in 85 markets, along with a robust lineup of nationally syndicated media, sports, and entertainment programming through the Westwood One network. This network includes prestigious brands such as the NFL, NCAA, and CNN, ensuring a rich variety of premium content for its diverse audience.
Delivering content to over a quarter billion people every month, Cumulus Media is dedicated to meeting listener demands wherever and whenever they arise. The company's revenue primarily comes from the sale of local, regional, and national advertising. By combining high-quality local programming with iconic national shows, Cumulus Media effectively bridges the gap between advertisers and consumers.
Recent achievements of Cumulus Media include the extension of the Expiration Time for their Exchange Offer and Consent Solicitation, showcasing the company's proactive approach in financial management. As of April 2024, approximately $15 million aggregate principal amount of Old Notes had been validly tendered, reflecting strong participation from stakeholders.
In addition to radio broadcasting, Cumulus Media has a rapidly growing podcast network, distributing, marketing, and monetizing various popular podcasts, including The Candy Valentino Show. This expansion into the podcasting realm further solidifies Cumulus Media's footprint in the audio content industry.
Cumulus Media's commitment to high-quality content, combined with its expansive reach and strategic partnerships, makes it a critical player in the media industry. For more information, visit cumulusmedia.com.
Cumulus Media's Westwood One (NASDAQ: CMLS) announces an exclusive partnership to syndicate and distribute 'The Jim Rome Show'. Starting January 6, 2025, the show will move to a new time slot of 3:00pm – 6:00pm EST / Noon to 3:00pm PST. Rome, known for his aggressive and informed sports commentary, will continue broadcasting LIVE weekdays.
The partnership enhances Westwood One's sports programming portfolio. The show currently streams live on X (formerly Twitter) and has recently launched a Fast Channel with A+E Networks, available across seven major platforms including Amazon Freevee, DIRECTV, and Samsung TV Plus.
Cumulus Media's Westwood One announces the launch of 'Country Nights Live with Bev Rainey', a new five-hour nightly Country music radio show broadcasting live from Nashville. The show, hosted by award-winning personality Bev Rainey, will air seven days a week from 7:00pm to Midnight, starting December 31, 2024. The program will feature chart-topping Country music, interviews with top stars, emerging talent, Music City news, and interactive fan engagement across U.S. markets.
Westwood One announced changes to its syndicated show 'American Country Countdown'. After 18 years, host Kix Brooks will conclude his run on December 28-29, 2024. Ryan Fox, currently a morning show host at Dallas' 99.5 The Wolf, will take over as the new host starting January 4-5, 2025. The show, heard on over 300 stations across the U.S., will feature contemporary country stars and continue delivering top hits, exclusive interviews, and backstage stories. Fox brings over 20 years of country radio experience from major markets including Los Angeles and Dallas.
Cumulus Media (NASDAQ: CMLS) has announced a new original podcast series, 'Liberty and Learning with Mark Levin and Larry Arnn'. The 10-part series features veteran broadcaster Mark Levin and Hillsdale College President Dr. Larry Arnn exploring U.S. founding principles and self-governance.
The podcast will address current national issues through the lens of constitutional government, covering topics like education, borders, citizenship, and separation of powers. The series is available on The Mark Levin Show podcast feed across major platforms, distributed through Westwood One and the Cumulus Podcast Network.
Cumulus Media (NASDAQ: CMLS) reported Q3 2024 financial results with total net revenue of $203.6 million, down 1.8% year-over-year. The company's digital revenue grew 7.5% to $40.0 million, with digital marketing services increasing by 38%. However, the company recorded a net loss of $10.3 million compared to net income of $2.7 million in Q3 2023. Broadcast radio revenue declined 5.0% to $138.9 million, while digital revenue now represents 20% of total company revenue. The company generated $3.9 million in cash from operations and reported total debt of $673.0 million at quarter-end.
Cumulus Media Inc. (NASDAQ: CMLS) has announced a conference call scheduled for Friday, November 1st at 8:30 AM ET to discuss its third quarter 2024 operating results. A press release summarizing these results will be issued at approximately 8:00 AM ET before the call. To participate, interested parties must register in advance using the provided link. Upon registration, participants will receive call access details, including a unique PIN, and replay information.
The conference call will also be broadcast live in listen-only mode through the company's investor relations website. A recording of the call will be available shortly after its completion. For operator-assisted dial-in, domestic callers should use 833-470-1428, while international callers should dial 404-975-4839, with the participant access code 535839.
Cumulus Media (NASDAQ: CMLS) has announced the addition of two new podcasts to the Rich Eisen Podcast Network, expanding its sports programming on the Cumulus Podcast Network. The new shows are:
1. No-Contest Wrestling: Hosted by actor O'Shea Jackson, Jr. and TJ Jefferson, launching October 2. The weekly podcast will feature interviews with wrestling stars and cover WWE, AEW, and independent promotions.
2. The Jim Jackson Show: Hosted by former NBA player Jim Jackson, launching October 3. This weekly podcast will cover basketball from college to the NBA, featuring guest interviews and Jackson's insights on finance, business, and lifestyle.
These additions bring the Rich Eisen Podcast Network's total to five shows, distributed and monetized by the Cumulus Podcast Network.
Cumulus Media's Westwood One has announced that The Benny Show has joined the Cumulus Podcast Network. Hosted by Benny Johnson, an award-winning creator, streamer, and podcaster, the show has gained significant popularity in the 2024 news cycle, amassing 12 million subscribers across platforms. The program features commentary and exclusive interviews with notable guests, including presidential candidates and world leaders.
The Benny Show releases new episodes weekdays at 11 a.m. ET on major podcast platforms. Westwood One will now distribute, market, and monetize the show exclusively. Benny Johnson emphasized the show's goal to inform, entertain, and grow its community daily. Collin R. Jones, President of Westwood One, highlighted Benny's strong and independent voice in conservative talk, noting his ability to challenge mainstream opinions with cutting-edge insight.
Cumulus Media (NASDAQ: CMLS) has announced a new original podcast series, 'On the Frontlines with Mark Levin and Yael Eckstein', presented by the International Fellowship of Christians and Jews. The four-part series, launching October 2, 2024, marks veteran broadcaster Mark Levin's first original content series, with Yael Eckstein as co-host.
The podcast will explore Jewish culture, Judeo-Christian values, historical antisemitism, and the events leading to the October 7, 2023 attacks on Israel. Episodes will cover topics such as life in Israel post-attack, the persistence of antisemitism, Israel's history, and Middle East conflicts.
Available on major podcast platforms, the series is produced and distributed by the Cumulus Podcast Network under Westwood One's leadership. Westwood One also syndicates 'The Mark Levin Show' radio broadcast, airing weekdays on nearly 400 radio affiliates across top markets.
Cumulus Media's Westwood One has announced a special live edition of The Dan Bongino Show podcast on September 10, 2024, at 8 p.m. ET. This event coincides with the first presidential debate between Vice President Kamala Harris and former President Donald J. Trump. Dan Bongino will provide real-time commentary and opinions during the debate.
This unique broadcast offers listeners an alternative perspective on the high-stakes political event. By leveraging the popularity of Bongino's show and the timeliness of the presidential debate, Cumulus Media (NASDAQ: CMLS) aims to engage audiences and potentially boost its market presence. The live podcast format allows for immediate reaction and analysis, which could attract viewers seeking additional insights alongside the debate.
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