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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.

News

Cumulus Podcast Network to Provide Brand Safety & Suitability Measurement Through Barometer

Rhea-AI Summary
Cumulus Media (NASDAQ: CMLS) announced the implementation of Barometer to provide brand suitability and safety measurement across the Cumulus Podcast Network. This AI engine analyzes podcast content and reports on content suitability based on the GARM framework and contextual targets in alignment with the IAB content taxonomy 3.0. Marketers and media agencies can now review podcasts to ensure they meet their brand’s safety and suitability standards, while brands can monitor their ad-buys during and after campaigns to uphold their standards. The adoption of independent, third-party brand-safety measurement aims to drive advertiser confidence in the podcast industry, which represents 61% of U.S. podcast revenue. The implementation of Barometer is designed to address the growing need for third-party podcast brand safety and suitability tools to ensure brands show up in safe environments, as stated by industry experts and company executives.
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Cumulus Media’s Westwood One Presents Exclusive National Audio Coverage of Six NFL Games Over the Thanksgiving Holiday Weekend

Rhea-AI Summary
CUMULUS MEDIA's Westwood One (CMLS) will present exclusive national audio play-by-play coverage of six NFL games over the Thanksgiving holiday weekend, including Thanksgiving Day, Black Friday, Sunday night, and Monday night. This will feature the NFL's first-ever Black Friday game at 2:30 p.m. ET as the Miami Dolphins meet the New York Jets. The game will be called by Ian Eagle (play-by-play) and recently retired defensive backs and twin brothers Jason McCourty and Devin McCourty (analysts).
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Cumulus Media Introduces Hello Rossipes Podcast

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Cumulus Media announces the launch of Hello Rossipes, a new weekly cooking podcast hosted by Ross Mathews and Bethie Hungerford. The show will feature Mathews' healthy recipes and their mutual obsession with food. Launching on November 8, the podcast will showcase their favorite recipes and include lively conversation.
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Cumulus Media Reports Operating Results for the Third Quarter 2023

Rhea-AI Summary
Cumulus Media Inc. reports Q3 operating results with revenue decline of 11% YoY. Digital revenue increases by 7%, representing 18% of total revenue. Net income for Q3 is $2.7 million compared to $8.5 million in Q3 2022. Adjusted EBITDA for Q3 is $26.9 million compared to $46.6 million in Q3 2022. Company's total debt is $675.8 million and net debt is $592.9 million as of September 30, 2023. The sale of WDRQ-FM generates $10.0 million in gross proceeds. Cautious optimism for a market recovery due to improving sentiment from key national advertisers and anticipation of a robust political spending cycle.
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Westwood One Host Rich Eisen Wins Prestigious Marconi Award for Network/Syndicated Personality of the Year

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Cumulus Media announces Rich Eisen as 'Network/Syndicated Personality of the Year' at the 2023 Marconi Radio Awards.
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Cumulus Media’s Westwood One Launches 37th Consecutive Season As the Exclusive Primetime Network Radio Partner of the NFL

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Cumulus Media's Westwood One to provide exclusive play-by-play coverage of NFL primetime games
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Cumulus Media Announces Expanded Partnership With Rich Eisen

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Cumulus Media announces collaboration with Rich Eisen for the Cumulus Podcast Network to distribute, market, and monetize podcasts
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CUMULUS MEDIA’s Westwood One Presents Exclusive Audio Coverage of the 2023 Black College Football Hall of Fame Classic

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Westwood One to broadcast the 2023 Black College Football Hall of Fame Classic
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Cumulus Media Reports Operating Results for the Second Quarter 2023

Rhea-AI Summary
Cumulus Media Inc. (NASDAQ: CMLS) announced Q2 2023 operating results, reporting $210.1 million in total net revenue, a decline of 11% year-over-year. Digital revenue represented 18% of total revenue, with digital marketing services showing 21% growth year-over-year. The company executed a highly accretive and opportunistic tender offer, resulting in the retirement of approximately 10% of outstanding shares. Adjusted EBITDA was $30.7 million, down from $45.5 million in Q2 2022. The company reported a net loss of $1.1 million, compared to net income of $8.7 million in Q2 2022.
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Cumulus Media Names David Cohn Senior Vice President, Sales & Digital Partnerships at Westwood One

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Cumulus Media's Westwood One has hired David Cohn as Senior Vice President, Sales and Digital Partnerships. Cohn will oversee digital sales for Westwood One nationwide and focus on growing brand partnerships across podcasting. He brings nearly 25 years of media sales experience, including leadership positions at Spotify, Megaphone, Warner Media, Ziff Davis, and WWE.
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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.

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Cumulus Media Inc.

Nasdaq:CMLS

CMLS Rankings

#5478 Ranked by Market Cap
N/A Ranked by Dividends

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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