U.S. Markets close in 4 hrs 54 mins

Cumulus: 4Q Earnings Snapshot

ATLANTA (AP) _ Cumulus Media Inc. (CMLS) on Monday reported fourth-quarter net income of $43.7 million, after reporting a loss in the same period a year earlier.

The Atlanta-based company said it had profit of $2.18 per share. Earnings, adjusted for pretax gains, came to $1.18 per share.

The radio station owner posted revenue of $309.2 million in the period.

Cumulus shares have risen 78 percent since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMLS at https://www.zacks.com/ap/CMLS