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 |
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
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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
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, 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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