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Cumulus Media Inc. - CMLS STOCK NEWS

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.

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Cumulus Media (NASDAQ: CMLS) has launched a new audio series, Your Music First, across 47 Country radio stations in the U.S., starting with Thomas Rhett’s new single, Angels (Don’t Always Have Wings). This multi-week series aims to provide fans with exclusive insights from artists about their songs, enhancing music curation. Greg Frey, VP of Music Partnerships, emphasized the program's unique approach to connecting listeners with new music. The series will feature up to six artist segments per format throughout 2023, highlighting the collaboration with Big Machine Label Group and aiming to elevate listener engagement.

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Cumulus Media (NASDAQ: CMLS) will hold a conference call on February 23, 2023, at 8:30 AM ET to discuss its fourth quarter and full year 2022 operating results, with a press release available at 8:00 AM ET. Interested participants must register via a provided link, with an invitation sent post-registration, including access details. The call will also be accessible live on the company's investor relations website and will be recorded for later access. Cumulus Media engages a wide audience with over 405 radio stations and offers nationally syndicated content, including sports and entertainment programming.

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Cumulus Media (NASDAQ: CMLS) through its Westwood One network will deliver live coverage of the NFL Conference Championship games on January 29, 2023. Coverage begins at 2:00 p.m. ET with the NFC Championship Game featuring the San Francisco 49ers against the Philadelphia Eagles, followed by the AFC Championship Game with the Cincinnati Bengals facing the Kansas City Chiefs at 6:30 p.m. ET. The broadcasts will be accessible across approximately 500 radio stations nationwide, as well as on digital platforms including SiriusXM and the NFL App. The winners will advance to Super Bowl LVII on February 12, 2023.

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Cumulus Media (NASDAQ: CMLS) has unveiled a study revealing that NFL postseason AM/FM radio listeners are a more engaged consumer group compared to TV audiences. This first-of-its-kind analysis, based on 2022 data from Nielsen Scarborough USA+ and MRI Simmons USA, shows that these listeners not only work full-time but also possess higher disposable incomes. They exhibit greater engagement in sports, attending more events and utilizing mobile platforms for sports information. Importantly, radio listeners are more inclined to make significant purchases, such as vehicles or financial services, boosting advertising effectiveness.

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Cumulus Media recently broadcast an interview with former President Donald Trump on The Mark Levin Show. During the January 12, 2023 episode, Trump commented on the discovery of classified documents at the residences of President Joe Biden and emphasized that his own documents at Mar-A-Lago were well-guarded. He suggested that more documents would surface in Delaware and criticized Biden for possessing documents without authority. Trump also addressed his recently released tax returns, calling the process unfair. The interview showcases Levin's influence in conservative media, airing across nearly 400 stations.

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Cumulus Media's Westwood One will broadcast all six playoff games of the NFL Super Wild Card Playoffs from January 14th to January 16th, 2023. As the official network radio partner of the NFL, Westwood One will provide live coverage, including pregame, halftime, and postgame shows hosted by Scott Graham and Rich Eisen. The schedule features key matchups, with broadcasts available on approximately 500 radio stations, SiriusXM, NFL+, and the NFL App. This coverage extends through to the Super Bowl LVII on February 12, 2023.

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Cumulus Media (NASDAQ: CMLS) announced the launch of new programming featuring conservative commentator Rich Valdés. The live radio show “Rich Valdés America at Night” will air weeknights from 10 p.m. to 1 a.m. ET, replacing the long-running Jim Bohannon Show. Valdés aims to engage listeners with a mix of news, entertainment, and a town hall format. Additionally, Valdés’ existing podcast This is America will be integrated into the Cumulus Podcast Network. This expansion reflects Cumulus Media's commitment to delivering diverse programming across its platforms.

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Cumulus Media (NASDAQ: CMLS) has appointed Steve Gorman, former drummer of The Black Crowes, as the new On-Air Host for the KQ Morning Show at Minneapolis’ KQRS-FM, starting January 9, 2023. Gorman will continue to host his nationally syndicated radio show, Steve Gorman Rocks!, which airs weeknights. Gorman's extensive background in music and radio aims to enhance the station’s programming, with management expressing excitement over his addition to the team.

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On December 19, 2022, Dan Bongino hosted a live interview with former President Donald Trump on The Dan Bongino Show. The interview coincided with the January 6 Committee's final meeting to vote on criminal referrals for Trump. Trump described the January 6 Committee as a "kangaroo court," emphasizing that the focus of his speech was the election and perceived fraud. The show is part of a live broadcast on Cumulus Media's Westwood One, airing Monday to Friday from 12 to 3 p.m. ET.

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Cumulus Media (NASDAQ: CMLS) has announced that The Shawn Ryan Show, hosted by former U.S. Navy SEAL and CIA Contractor Shawn Ryan, is now part of the Cumulus Podcast Network. The show features long-form interviews with military personnel and experts, discussing important societal issues. With over 900,000 YouTube subscribers, it ranks highly among podcasts, consistently appearing in the top 200 on Apple Podcasts. New episodes will be available bi-monthly on major platforms, and the Cumulus Podcast Network will handle distribution and monetization.

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FAQ

What is the current stock price of Cumulus Media (CMLS)?

The current stock price of Cumulus Media (CMLS) is $0.726 as of November 22, 2024.

What is the market cap of Cumulus Media (CMLS)?

The market cap of Cumulus Media (CMLS) is approximately 12.5M.

What does Cumulus Media Inc. do?

Cumulus Media Inc. is an audio-first media company that operates radio stations and provides local marketing solutions through radio, digital media, targeted e-mail, and on-site promotions.

How many radio stations does Cumulus Media own?

Cumulus Media owns 401 radio stations across 85 markets.

What is the Westwood One network?

The Westwood One network is a nationally syndicated media network that includes sports, news, talk, and entertainment programming from brands like the NFL, NCAA, and CNN.

How does Cumulus Media generate revenue?

Cumulus Media generates revenue primarily through the sale of local, regional, and national advertising.

Who are the typical listeners of Cumulus Media?

Cumulus Media connects with over 150 million listeners across various demographics, providing a wide range of content to cater to diverse audience preferences.

What recent developments have taken place at Cumulus Media?

Recent developments include extending the Expiration Time for their Exchange Offer and Consent Solicitation, reflecting the company's active financial management.

What types of content does Cumulus Media's podcast network offer?

Cumulus Media's podcast network offers a variety of content including smart, entertaining, and thought-provoking original podcasts.

How does Cumulus Media support advertisers?

Cumulus Media provides advertisers with personal connections, local impact, and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms.

What are the core business areas of Cumulus Media?

The core business areas of Cumulus Media include radio broadcasting, digital media, and podcasting.

Where can I find more information about Cumulus Media?

For more information about Cumulus Media, you can visit their official website at www.cumulusmedia.com.

Cumulus Media Inc.

Nasdaq:CMLS

CMLS Rankings

CMLS Stock Data

12.48M
13.65M
17.47%
43.31%
0.88%
Broadcasting
Radio Broadcasting Stations
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United States of America
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