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, 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

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 and SAN FRANCISCO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Cumulus Media, a top audio-first media company, and TuneIn, the world's leader in live audio, today announced that they have renewed and expanded their existing content partnership. Under the terms of the deal, TuneIn will continue to make Cumulus Media's high-quality local sports, news, talk and entertainment programming available to its 75 million monthly global listeners. The extended agreement also includes a new, non-exclusive sales and supply partnership to optimize digital audio advertising monetization for Cumulus' diverse radio stations. Cumulus Media owns and operates 400 radio stations across 84 markets with an extens

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

No-Contest Wrestling Launches October 2 with Hosts O'Shea Jackson, Jr. And TJ Jefferson The Jim Jackson Show Launches October 3 NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ:CMLS) today announced two new podcasts from the Rich Eisen Podcast Network, the fourth and fifth shows in Marconi-winning and Emmy-nominated host Rich Eisen's expanding network of sports programs for the Cumulus Podcast Network. Eisen is tag-teaming with actor O'Shea Jackson, Jr. to bring the new weekly original podcast, No-Contest Wrestling, to the Rich Eisen Podcast Network. Together with co-host TJ Jefferson, No-Contest Wrestling's first episode drops Wednesday, October 2 and features WWE Supe

NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One today announced that The Benny Show has joined the Cumulus Podcast Network. Award-winning creator, streamer, and podcaster Benny Johnson has cracked the code for a new generation of breaking news and entertainment. Benny's audience has skyrocketed in the 2024 news cycle, amassing a combined 12 million subscribers across platforms. The Benny Show has become a go-to platform for the next generation of news consumers and creators alike. The program features commentary and exclusive interviews with special guests including presidential candidates, world leaders, cultural icons and Hollywood actors. Benny's

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One today announced that The Dan Bongino Show will offer a special live edition of the podcast on Tuesday, September 10, 2024, beginning at 8 p.m. ET. Dan Bongino will offer commentary and opinion live while Vice President Kamala Harris and former President Donald J. Trump face each other to debate for the first time. About The Dan Bongino ShowThe Dan Bongino Show podcast is a perennial Top Ten in Apple's News category ranking and has seen well over 200 million downloads so far this year. In addition, the show has been downloaded more than 350 million times on Rumble and was one of the most requested podca

Special Podcast Will Drop Monday, August 26 from The Heritage Foundation Bongino to Testify at Hearing NEW YORK, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One today announced that The Dan Bongino Show podcast will offer a special two-hour edition on Monday, August 26, 2024, the first day of hearings for the House Republicans' independent investigation into the assassination attempt against former President Donald J. Trump led by Reps. Cory Mills (R-FL) and Eli Crane (R-AZ). Mills and Crane will be joined by Reps. Andy Biggs (R-AZ), Chip Roy (R-TX), and Matt Gaetz (R-FL) in this independent investigation. Bongino, a former Secret Service Agent, will be one

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One, the largest audio network in the U.S., will present national audio coverage of the 2024 college football season. Highlighting Westwood One's schedule of 16 regular season games will be matchups with top-20 teams including the University of Georgia, The Ohio State University, The University of Texas, the University of Oregon, the University of Mississippi (Ole Miss), The University of Alabama, the University of Missouri, the University of Tennessee, Clemson University, and defending national champion, the University of Michigan as well as the Black College Football Hall of Fame Classic between Virginia S

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ:CMLS) today announced Carolyn Chauncey's promotion to Senior Vice President, Marketing and Podcasting. In this new role, Chauncey will lead the Cumulus Podcast Network's day-to-day operations, content acquisition, editorial, and production. In addition to her new responsibilities, Chauncey will continue to direct corporate marketing for Cumulus Media, Westwood One, and the Cumulus Podcast Network, reporting to Collin R. Jones, President of Westwood One and EVP, Corporate Strategy & Development for Cumulus Media. Chauncey brings nearly three decades of media experience to the position, having achieved senior leadership posit

July Audio Downloads Increase 40% Over June Podcast Hits High Marks Across Ranking Charts Rumble Views Up 25% Over June NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One today announced that The Dan Bongino Show podcast saw a surge in growth in July 2024. Listeners turned to Bongino for his expertise and insight as a former United States Secret Service agent following the assassination attempt against former President Donald J. Trump just prior to the Republican National Convention. The show delivered increases in both month-over-month audio and video downloads and rose in the podcasts trackers as well. For the last two weeks of July, The Dan B

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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, Feb. 27, 2024 (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, 2023. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "While 2023 was a tough year across the media landscape, we were able to offset some of the effects of the weak national advertising climate through strong execution in our key focus areas. Specifically, we grew our digital businesses, meaningfully reduced fixed costs, and improved our balance sheet. Looking ahead, though national advertisers are expressing interest in increasing their radio buys

ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) ("Cumulus Media" or the "Company") today announced that its Board of Directors (the "Board") has adopted a limited-duration shareholder rights plan ("Rights Plan") to protect the best interests of all Cumulus Media shareholders. The Rights Plan is effective immediately and will expire on February 20, 2025. The Board may consider an earlier termination of the Rights Plan if circumstances warrant. The limited-duration Rights Plan was adopted in response to the significant accumulation of Cumulus Media stock by Renew Group Private Ltd., an entity based in Singapore (together with its affiliates, the "Group"). In adop

ATLANTA, Oct. 27, 2023 (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, 2023. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "Third quarter revenue and Adjusted EBITDA finished in line with expectations with results reflecting the continued dichotomy between local and national business lines. Despite the challenging environment, we maximized performance by continuing to focus on areas we can control, including growing each of our digital businesses, reducing costs, and improving our balance sheet through non-core asse

ATLANTA, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Friday, October 27th at 8:30 AM ET to discuss its third quarter 2023 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

Shares of VivoPower International PLC (NASDAQ:VVPR) rose sharply in today's pre-market trading after the company announced it secured an extension for a $34 million loan financing facility agreement. VivoPower International shares jumped 31.4% to $3.35 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Ampco-Pittsburgh Corporation (NYSE:AP) rose 72.6% to $1.32 in pre-market trading. Seelos Therapeutics, Inc. (NASDAQ:SEEL) shares rose 40.4% to $0.9516 in pre-market trading after gaining 36% on Tuesday. NaaS Technology Inc. (NASDAQ:NAAS) gained 40% to $4.55 in pre-market trading after surging 68% on Tuesday. Soligenix, Inc. (NASDAQ:SNG

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply during Monday's session after the company announced its SBI-100 Ophthalmic Emulsion Phase 2a trial did not achieve target product profile and has discontinued the program. Skye Bioscience shares tumbled 18.9% to $8.87 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 123% to $4.3001 following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week. KWESST Micro Systems Inc. (NASDAQ:KWE) gained 79.8% to $0.7082 after the company was aw

Shares of KKR & Co. Inc. (NYSE:KKR) rose sharply in today's pre-market trading after it was announced the company will join the S&P 500. S&P Dow Jones Indices announced late Friday changes to various S&P indices, coinciding with the quarterly rebalance. KKR will take the place of Comerica Inc. (NYSE:CMA) in the broader gauge. KKR & Co. shares jumped 10.4% to $108.15 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers Big Tree Cloud Holdings Limited (NASDAQ:DSY) rose 165% to $5.05 in today's pre-market trading. New Horizon Aircraft Ltd. (NASDAQ:HOVR) gained 90.1% to $1.37 in pre-market trading after declining around 8% on Frid

Gainers Leafly Holdings (NASDAQ:LFLY) shares increased by 34.6% to $2.72 during Friday's regular session. The company's market cap stands at $6.4 million. Cumulus Media (NASDAQ:CMLS) shares rose 13.07% to $2.21. The market value of their outstanding shares is at $37.2 million. GD Culture Group (NASDAQ:GDC) stock increased by 10.89% to $1.22. The market value of their outstanding shares is at $9.6 million. Hanryu Holdings (NASDAQ:HRYU) shares moved upwards by 8.6% to $0.39. The market value of their outstanding shares is at $20.5 million. Chicken Soup for the Soul (NASDAQ:CSSE) shares moved upwards by 8.36% to $0.33. The company's market cap stands at $10.5 million. iHeartMedia (NASDAQ:

Cumulus Media (NASDAQ:CMLS) reported quarterly losses of $(0.85) per share which beat the analyst consensus estimate of $(1.32) by 35.61 percent. The company reported quarterly sales of $200.053 million which missed the analyst consensus estimate of $200.300 million by 0.12 percent. This is a 2.74 percent decrease over sales of $205.692 million the same period last year.

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 EDT that day. Conference call details can be found later in this press release.

Gainers National CineMedia (NASDAQ:NCMI) shares increased by 13.7% to $4.8 during Monday's after-market session. The market value of their outstanding shares is at $464.5 million. As per the press release, Q4 earnings came out today. VS Media Holdings (NASDAQ:VSME) shares increased by 9.84% to $0.39. The market value of their outstanding shares is at $8.5 million. Collective Audience (NASDAQ:CAUD) shares moved upwards by 6.3% to $0.98. The company's market cap stands at $13.4 million. Cumulus Media (NASDAQ:CMLS) shares increased by 5.63% to $3.56. The market value of their outstanding shares is at $59.3 million. EchoStar (NASDAQ:SATS) stock moved upwards by 5.03% to $13.34. The market v

Noble Capital Markets analyst Michael Kupinski downgrades Cumulus Media (NASDAQ:CMLS) from Outperform to Market Perform.

Barrington Research analyst James Goss downgrades Cumulus Media (NASDAQ:CMLS) from Outperform to Market Perform.