Cumulus Media Inc., an audio-first media and entertainment company, owns and operates radio stations in the United States. It owns and operates 415 stations in 86 markets, as well as approximately 7,300 affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and other partners. It also provides digital marketing services. Cumulus Media Inc. was incorporated in 2002 and is based in Atlanta, Georgia.
IPO Year:
Exchange: NASDAQ
Website: cumulusmedia.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2022 | $21.00 | Outperform | Barrington Research |
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Barrington Research initiated coverage of Cumulus Media with a rating of Outperform and set a new price target of $21.00
B. Riley FBR upgraded Cumulus Media from Neutral to Buy and set a new price target of $14.00
ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months ended March 31, 2025. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "For the first quarter, we delivered revenue in line with pacing guidance despite worsening economic headwinds reflecting, among other things, the imposition of tariffs that have depressed both consumer and advertiser sentiment. However, with that backdrop, what remains constant is our relentless focus on actions to mitigate the impacts of the macro environment. For example, we accelerated growth in our digit
ATLANTA, April 21, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Thursday, May 1st at 8:30 AM ET to discuss its first quarter 2025 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verification. Upon completing registration, a calendar invitation will follow with call access details, including a unique PIN, and replay details. The conference call will also be broadcast li
Rafael Hernández Brito, Greivis Vásquez, and Carlos Morales Call the Action Broadcasts Presented by Werner Ladder NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Cumulus Media's (NSDQ: CMLS) Westwood One will provide exclusive audio coverage of the NCAA Men's Final Four and national championship game in Spanish for the eighth consecutive tournament, presented by Werner Ladder, the official ladder of the NCAA Men's and Women's Basketball Championships. Westwood One's Spanish-language broadcasts will kick off at 6 p.m. ET on Saturday, April 5 with the 2025 Men's Final Four live from San Antonio, Texas, when the Auburn Tigers takes on the Florida Gators. The second national semifinal, betwe
Westwood One's Final Four Coverage Connects College Hoops Fans across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com and the Westwood One Sports App, The Varsity Network App & on Alexa-Enabled Devices; also Available with TuneIn Premium Network's Coverage Includes the Men's Final Four and National Championship Games in Spanish, Presented by Werner Ladder Westwood One's Women's Final Four Coverage is Presented by Intuit TurboTax NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One (NASDAQ:CMLS), the largest radio network in the U.S. and the exclusive national a
March Madness® Broadcasts Connect College Hoops Fans and Consumers across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com, the Westwood One Sports App, the Varsity Network App, and on Alexa-Enabled Devices; and on TuneIn Premium Network's Coverage Includes the Final Four® in Spanish, sponsored by Werner Ladder NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One (NASDAQ:CMLS), the largest audio network in the U.S. and the official network audio broadcast partner of the NCAA, will once again be home to every bounce, basket, and buzzer beater of the NCAA Division I Me
NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One, America's largest audio network, will present a total of 19 NCAA Men's and Women's Basketball games from Conference Championship Week. Westwood One's postseason basketball coverage tips off on Saturday, March 8th, with the Ohio Valley Conference Championship game, and continues through Selection Sunday, March 16, with broadcasts that day of the Ivy League, the SEC, and the American Athletic Championship games. Westwood One will also broadcast Selection Sunday, which will reveal the 68-team field for both the men's and the women's tournaments. Jason Horowitz will host Selection Sunday coverage with PJ
Cumulus Media's Westwood One to Syndicate Live Broadcast Cumulus Podcast Network to Distribute Silverloch-Produced Podcast The VINCE Show & VINCE Podcast Launch March 17 NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ:CMLS) announces The VINCE Show and VINCE podcast will launch on March 17. Westwood One will syndicate the all-new live radio broadcast hosted by Vince Coglianese, popular Washington, DC-based radio host on WMAL-FM, Editorial Director of the conservative daily news publication, The Daily Caller, and frequent guest host of The Dan Bongino Show. Silverloch Productions, founded by Dan and Paula Bongino, will produce the VINCE podcast to be distributed by the
ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months and year ended December 31, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "Since the pandemic's onset, the radio industry has experienced tough economic and secular headwinds. In the face of those, we outperformed our peers through the end of 2023 on key metrics including cost takeouts, EBITDA margin recovery, free cash flow generation, net leverage, and liquidity." Berner continued, "2024 brought additional challenges, including accelerated national headwinds as well
ATLANTA, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Thursday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verification. Upon completing registration, a calendar invitation will follow with call access details, including a unique PIN, and replay details. The conference call will also
Westwood One Sports to Bring U.S. Soccer to Audio Listeners Nationwide;First Broadcast Set for 10th Annual SheBelieves Cup CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- U.S. Soccer and Cumulus Media's (NASDAQ:CMLS) Westwood One have reached an agreement for Westwood One Sports to serve as the new domestic English-language audio partner of U.S. Soccer. The multi-year exclusive partnership gives Westwood One Sports broadcast rights to all U.S. Soccer Federation-hosted matches, including all USWNT and USMNT friendlies, Concacaf Nations League Quarterfinal matches, and the SheBelieves Cup. The first broadcast will be Thursday night's SheBelieves Cup game featuring the USWNT vs. Colombia at 8 pm
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ATLANTA, May 01, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months ended March 31, 2025. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "For the first quarter, we delivered revenue in line with pacing guidance despite worsening economic headwinds reflecting, among other things, the imposition of tariffs that have depressed both consumer and advertiser sentiment. However, with that backdrop, what remains constant is our relentless focus on actions to mitigate the impacts of the macro environment. For example, we accelerated growth in our digit
ATLANTA, April 21, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Thursday, May 1st at 8:30 AM ET to discuss its first quarter 2025 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verification. Upon completing registration, a calendar invitation will follow with call access details, including a unique PIN, and replay details. The conference call will also be broadcast li
ATLANTA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months and year ended December 31, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "Since the pandemic's onset, the radio industry has experienced tough economic and secular headwinds. In the face of those, we outperformed our peers through the end of 2023 on key metrics including cost takeouts, EBITDA margin recovery, free cash flow generation, net leverage, and liquidity." Berner continued, "2024 brought additional challenges, including accelerated national headwinds as well
ATLANTA, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Thursday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verification. Upon completing registration, a calendar invitation will follow with call access details, including a unique PIN, and replay details. The conference call will also
Increased Digital Marketing Services Revenue by 38%, Total Digital Revenue by 8% Reported Q3 Total Revenue of $204 Million, Down 1.8%, in Line with Pacing Guidance ATLANTA, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ended September 30, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "During the third quarter, we delivered revenue and EBITDA in-line with pacing commentary and analyst estimates. Given the market challenges, we maintained our focus on what we can control. Specifically, we continued investing to d
ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Friday, November 1st at 8:30 AM ET to discuss its third quarter 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verification. Upon completing registration, a calendar invitation will follow with call access details, including a unique PIN, and replay details. The conference call will also be broadcast live
Completed Highly Successful Debt Exchange That Reduced Our Debt Obligations Under Our Debt Instruments by Approximately $33 Million, Extended Maturities to 2029, Obtained Favorable Interest Rates, and Preserved Structure Free of Financial Maintenance Covenants Upsized ABL Facility by 25% to $125 Million and Extended Maturity to 2029 Reported Q2 Total Revenue of $205 Million, Down 2.5%, in Line with Pacing Guidance Increased Digital Marketing Services Revenue by 24%, Total Digital Revenue by 5% ATLANTA, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months
ATLANTA, July 19, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Friday, August 2nd at 8:30 AM ET to discuss its second quarter 2024 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email address verification. Upon completing registration, a calendar invitation will follow with call access details, including a unique PIN, and replay details. The conference call will also be broadcast l
Completed Successful Debt Exchange That Reduced Principal by Approximately $33 Million, Extended Maturities to 2029, Obtained Favorable Interest Rates and Preserved Structure Free of Financial Maintenance Covenants; Exceeded Expectations with Approximately 97% Aggregate Participation Upsized ABL Facility by 25% to $125 Million and Extended Maturity to 2029 Reported Q1 Total Revenue of $200 million, Down 2.7%, In Line with Guidance Increased Digital Marketing Services Revenue by 25%, Total Digital Revenue by 7% ATLANTA, May 03, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three
ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced selected preliminary operating results for the three months ended March 31, 2024. For the three months ended March 31, 2024, the Company expects to report net revenue in a range of $199.0 million to $201.0 million, net loss in a range of $(14.9) million to $(13.4) million, and Adjusted EBITDA(1) in a range of $7.65 million to $9.15 million. The Company will issue a press release reporting its first quarter 2024 operating results at approximately 8:00 AM EDT on Friday, May 3rd and will host a conference call to discuss these results at 8:30 AM
ATLANTA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) today announced the appointment of Steven M. Galbraith to its Board of Directors. "We are thrilled to welcome Steve to our board," said Chairman Andrew W. Hobson. "As a longtime shareholder in the Company, Steve has demonstrated a deep commitment to the Company's success. His impressive investment management background and expertise complement the diverse strengths and wide-ranging capabilities of our existing board, and we are excited to leverage his vision and insights to drive growth and capitalize on new opportunities." Galbraith is currently a managing member of Kindred Capital Advisors LLC, and is among the
ATLANTA, June 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ:CMLS) today announced the appointment of Kriston Aitken to Chief Human Resources Officer, effective July 1, 2024. Reporting to Mary G. Berner, President and CEO, Aitken will be responsible for Human Resources strategy and operations, talent management, compensation and benefits, and supporting the advancement of the company culture. She succeeds Todd McCarty, who will be retiring after nearly nine years with the company. Aitken joined Cumulus Media in 2016 and has held the position of Senior Vice President of Human Resources for the past two years. With a career spanning nearly two decades, Aitken has a wealth of experience
Washington, D.C., May 15, 2024 (GLOBE NEWSWIRE) -- The Washington Spirit and ESPN 630, DC's premier live and local sports radio station, will team up to broadcast 13 regular season matches in the Spirit's first-ever radio partnership, the club announced today. The partnership will begin on Saturday, May 18 when the Washington Spirit faces Angel City FC and will extend throughout the 2024 season. Match audiocasts will stream live directly to WashingtonSpirit.com, as well as the ESPN 630 app and website. "There is a demand for Washington Spirit matches and partnering with a renowned brand such as ESPN 630 was a great partnership decision to ensure the Spirit is as accessible as possible f
Westwood One's Final Four® Coverage Connects College Hoops Fans across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com, The Varsity Network App & on Alexa-Enabled Devices; also Available with TuneIn Premium Network's Coverage Includes the Men's Final Four and National Championship Games in Spanish, Presented by Werner Ladder Westwood One's Women's Final Four is Presented by Intuit TurboTax NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One (NASDAQ:CMLS), the largest radio network in the U.S. and the exclusive national audio broadcast partner of the NCAA, will present comprehensiv
March Madness® Broadcasts Connect College Hoops Fans and Consumers across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com, The Varsity Network App, and on Alexa-Enabled Devices; and on TuneIn Premium Network's Coverage Includes the Final Four® in Spanish, sponsored by Werner Ladder NEW YORK, March 19, 2024 (GLOBE NEWSWIRE) -- CUMULUS MEDIA's Westwood One (NASDAQ:CMLS), the largest audio network in the U.S. and the official network audio broadcast partner of the NCAA, will once again be home to every bounce, basket, and buzzer beater of the NCAA Division I Men's Basketball Championship. Westwood One'
ATLANTA, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ:CMLS) today announced that it has appointed Collin Jones as President of Westwood One, effective January 1, 2024, responsible for Westwood One, the largest audio network in America, and the top-rated Cumulus Podcast Network. Jones adds this position to his current role as EVP of Corporate Strategy & Development for Cumulus Media, reporting to Mary Berner, President and CEO of Cumulus Media. He succeeds Suzanne Grimes, who decided to embark on the next chapter of her career after eight years. Jones joined Cumulus Media in 2011 and is responsible for leading the Company's strategy, corporate development (including major partne
ATLANTA, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) today announced that Deborah Farrington, Co-Founder and Managing Partner of StarVest Partners, LP, has been appointed to the Cumulus Media Board of Directors. "Deborah is a highly respected and accomplished venture capital pioneer and experienced board member of Fortune 500 and leading public technology companies," said Mary G. Berner, President and Chief Executive Officer of Cumulus Media. "As such, Deborah brings valuable strategic insights that will support the execution of our audio-first strategy and nicely complement our existing Board expertise. We are confident that Deborah's proven business acumen will be