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Cumulus reports 4Q loss

ATLANTA (AP) _ Cumulus Media Inc. (CMLS) on Thursday reported a loss of $543.7 million in its fourth quarter.

The Atlanta-based company said it had a loss of $18.57 per share. Earnings, adjusted for asset impairment costs, were 26 cents per share.

The radio station owner posted revenue of $299.5 million in the period.

For the year, the company reported that its loss narrowed to $510.7 million, or $17.45 per share. Revenue was reported as $1.14 billion.

In the final minutes of trading on Thursday, the company's shares hit 58 cents. A year ago, they were trading at $4.54.


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


Keywords: Cumulus Media, Earnings Report