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 (NASDAQ: CMLS) has released its latest NCAA Men’s Basketball Listening Report, revealing that 33 million people tune in each season via Westwood One. Notably, 59% of the NCAA audience aged 18-34 listens through this platform, surpassing linear television viewership. The audio coverage enhances advertising strategies, providing incremental reach of 19% and frequency for NCAA TV campaigns. Westwood One's broadcasts include over 350 hours of live basketball, catering to diverse fans through multiple platforms.
Cumulus Media’s Westwood One is set to broadcast all six NFL Super Wild Card Playoff games from January 15 to January 17, 2022. This includes two games on Saturday, three on Sunday, and the first-ever Monday night playoff game. Hosted by notable sports broadcasters, the coverage can be accessed nationwide on nearly 500 radio stations, SiriusXM, and NFL Game Pass. Westwood One continues its tradition as the exclusive radio partner for the NFL, broadcasting every postseason game leading up to Super Bowl LVI on February 13, 2022.
Cumulus Media is set to launch a new evening show titled “Eliott & Nina” on January 17, 2022. The show will air weeknights from 7 p.m. to 12 midnight, targeting young adults with contemporary hits and engaging content. Hosted by Eliott and Nina, both experienced radio professionals, the show aims to redefine nighttime CHR with humor and cultural relevance. Cumulus Media's Westwood One offers this nationally syndicated program, contributing to its extensive reach across 7,300 affiliated radio stations.
Cumulus Media's Dallas radio stations raised $1,767,990 for DFW Metroplex charities in 2021, significantly supporting local non-profits through various events and promotions. Key fundraising initiatives included the Country for the Kids Radiothon, which raised $630,000 for Cook Children’s Medical Center, and WBAP’s Christmas is Caring Radiothon, which generated over $212,000 for the Denton State Supported Living Center. The company demonstrates a commitment to community engagement and charity, highlighting the efforts of its staff and listeners.
Cumulus Media (NASDAQ: CMLS) has appointed Jared Merves as Senior Vice President, Digital, effective January 18, 2022. Merves will enhance the company’s digital strategy to drive revenue across various platforms. With over 15 years of experience in digital revenue growth, he previously served as Chief Revenue Officer for Distributed Media Lab. CEO Mary Berner expressed confidence in Merves' ability to propel the company’s digital initiatives forward, emphasizing the critical role of digital in Cumulus Media's business strategy.
Cumulus Media (NASDAQ: CMLS) announced that WNBM-FM will transition to WFAS-FM, TALK FM 103.9, starting January 3, 2022. This change will create the only all-talk FM station in the New York metropolitan area. Programming will be provided by Westwood One, featuring prominent shows like The Dan Bongino Show and The Ben Shapiro Show. The station's signal will extend into key areas of New York City and beyond, enhancing reach to listeners and offering new advertising opportunities in the largest DMA in the U.S.
Cumulus Media’s Westwood One will provide exclusive audio coverage of the Army-Navy football game on December 11, hosted live from MetLife Stadium starting at 2 p.m. ET. This event marks the 122nd meeting of this storied rivalry, featuring commentators John Sadak, Ross Tucker, and sideline reporter Tina Cervasio. Coverage will be available on various platforms, including WestwoodOneSports.com, TuneIn, and SiriusXM. Cumulus Media engages a vast audience through over 412 radio stations and a diverse media portfolio.
Cumulus Media (NASDAQ: CMLS), in collaboration with Signal Hill Insights, released the Podcast Download – Fall 2021 Report, analyzing podcast audience and advertising trends. The report reveals that Spotify has become the leading platform for podcast listening in the U.S., holding a 24% share. Key trends include a rise in female podcast listeners (60% of newcomers), and the fact that 45% of brands are now advertising in podcasts. Furthermore, two-fifths of podcast listeners are cord cutters, relying on ad-free streaming services, highlighting a significant advertising opportunity.
Cumulus Media (NASDAQ: CMLS) has announced participation in two upcoming investor conferences. The 5th Annual Virtual Wells Fargo TMT Summit will feature a fireside chat on December 1, 2021, at 10:40 AM ET. Additionally, the Bank of America Securities 2021 Leveraged Finance Conference is scheduled for December 2, 2021, at 7:30 AM ET, with a group presentation available via live stream and on-demand access within 24 hours. Management will also conduct one-on-one meetings with investors during both events.
Cumulus Media (NASDAQ: CMLS) recently released an analysis from Westwood One’s Audio Active Group, demonstrating the effectiveness of AM/FM radio for political advertising, particularly among voters who are light TV viewers. The study reveals that AM/FM radio reaches 82% of registered light TV viewers and can significantly enhance voter reach by 15% when integrated into media plans. With a 74% share of ad-supported audio, Cumulus Media highlights AM/FM radio's competitive advantage due to lower political ad clutter compared to television, making it a strategic tool for upcoming elections.
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