Cumulus Media upgraded by B. Riley FBR with a new price target
$CMLS
Broadcasting
Consumer Discretionary
B. Riley FBR upgraded Cumulus Media from Neutral to Buy and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2022 | $21.00 | Outperform | Barrington Research |
4 - CUMULUS MEDIA INC (0001058623) (Issuer)
4 - CUMULUS MEDIA INC (0001058623) (Issuer)
4 - CUMULUS MEDIA INC (0001058623) (Issuer)
10-Q - CUMULUS MEDIA INC (0001058623) (Filer)
8-K - CUMULUS MEDIA INC (0001058623) (Filer)
8-K - CUMULUS MEDIA INC (0001058623) (Filer)
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, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (OTCQB:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months ended June 30, 2025. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "While the advertising backdrop for legacy media remains challenging, in the quarter we continued to outperform our radio peers, gaining market share across all broadcast spot revenue channels. We also significantly outperformed in digital, delivering double the growth rate of our radio peers, driven by the 38% year-over-year increase in our digital marketing services business. Additionally, we execu
Longboat Key, FL, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the high-growth video-sharing platform and cloud services provider empowering creators and brands, and Cumulus Media (OTCQB:CMLS), one of the largest audio creators and distributors, today announced a multi-pronged strategic partnership that recognizes the evolution of podcasting and video in today's media landscape. This collaboration will unlock new opportunities across Cumulus Media radio stations, Westwood One, the Cumulus Podcast Network, and Rumble.com, including expanded distribution of content from both companies. This initiative reflects both companies' commitment to innovation in digital media and their sh
NEW YORK, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Cumulus Media, one of the largest audio creators and distributors, (OTCQB:CMLS) and Rumble (NASDAQ:RUM), the high-growth video-sharing platform and cloud services provider empowering creators and brands, today announced a multi-pronged strategic partnership that recognizes the evolution of podcasting and video in today's media landscape. This collaboration will unlock new opportunities across Cumulus Media – including Westwood One and the Cumulus Podcast Network – and Rumble.com, including expanded distribution of content from both companies. This initiative reflects both companies' commitment to innovation in digital media and their shared vi
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
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ATLANTA, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (OTCQB:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months ended June 30, 2025. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "While the advertising backdrop for legacy media remains challenging, in the quarter we continued to outperform our radio peers, gaining market share across all broadcast spot revenue channels. We also significantly outperformed in digital, delivering double the growth rate of our radio peers, driven by the 38% year-over-year increase in our digital marketing services business. Additionally, we execu
ATLANTA, July 24, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (OTCQB:CMLS) will host a conference call on Thursday, August 7th at 8:30 AM ET to discuss its second 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 live
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