CMLS - Cumulus Media Inc.

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
17.17
+0.25 (+1.48%)
At close: 4:00PM EDT
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Previous Close16.92
Open17.32
Bid17.19 x 800
Ask17.34 x 800
Day's Range16.67 - 17.67
52 Week Range9.70 - 26.00
Volume65,089
Avg. Volume65,839
Market Cap289.965M
Beta (3Y Monthly)-39.86
PE Ratio (TTM)0.49
EPS (TTM)35.06
Earnings DateAug 19, 2019 - Aug 23, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est22.00
Trade prices are not sourced from all markets
  • GlobeNewswire15 days ago

    Cumulus Media Announces Upsizing and Pricing of $500 Million Offering of Senior Secured First-Lien Notes

    Cumulus Media Inc. (CMLS) (the “Company”, “Cumulus”, “we”, “us” or “our”), announced today that Cumulus Media New Holdings Inc., its indirect wholly owned subsidiary (the “Issuer”), has priced $500 million in aggregate principal amount of 6.750% senior secured first-lien notes due 2026 (the “Notes”). The Issuer expects to use the net proceeds of the offering to partially repay existing indebtedness under its senior secured term loan facility. The Notes will be fully and unconditionally guaranteed by the Issuer’s direct parent and each of the Issuer’s direct and indirect subsidiaries that is a guarantor under the senior secured term loan facility, subject to the terms of the Indenture.

  • Moody's16 days ago

    Cumulus Media New Holdings Inc. -- Moody's upgrades Cumulus Media's CFR to B2 and assigns B2 rating to proposed senior secured note; outlook stable

    Moody's Investors Service (Moody's) upgraded Cumulus Media New Holdings Inc.'s (Cumulus) Corporate Family Rating (CFR) to B2 from B3 and assigned a B2 rating to the proposed $300 million senior secured note due 2026. The upgrade of the CFR reflects the reduction in pro forma leverage to 5x as of Q1 2019 from 6.1x (excluding Moody's standard lease adjustments) upon exit from bankruptcy driven by growth in EBITDA and debt repayment from free cash flow as well as from asset sales. Cumulus has also entered into an agreement to sell a station in Los Angeles for $43 million which is expected to lead to additional debt repayment.

  • GlobeNewswire16 days ago

    Cumulus Media Announces Launch of $300 Million Offering of Senior Secured First-Lien Notes

    Cumulus Media Inc. (CMLS) (the “Company”, “Cumulus”, “we”, “us” or “our”) announced today that Cumulus Media New Holdings Inc., its indirect wholly owned subsidiary (the “Issuer”), plans to offer, subject to market conditions and other factors, $300 million in aggregate principal amount of senior secured first-lien notes due 2026 (the “Notes”). The Issuer expects to use the net proceeds of the offering to partially repay existing indebtedness under its senior secured term loan facility. The Notes will be fully and unconditionally guaranteed by the Issuer’s direct parent and each of the Issuer’s direct and indirect subsidiaries that is a guarantor under the senior secured term loan facility.

  • GlobeNewswire22 days ago

    In First Year Post-Emergence, Cumulus Media Achieves $200 Million Debt Reduction Milestone

    Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has made a voluntary prepayment of $115 million on its first lien senior secured term loan. In the year since emerging from bankruptcy, the Company has reduced its total outstanding debt by $200 million. The debt prepayment is being funded by the net proceeds of the previously announced sale of six radio stations to Educational Media Foundation, which closed on May 31, 2019, for $103.5 million in cash, as well as cash on hand generated from operations.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of CMLS earnings conference call or presentation 9-May-19 8:30pm GMT

    Q1 2019 Cumulus Media Inc Earnings Call

  • Meredith (MDP) Q3 Results Solid, Soft Earnings View Hurts
    Zackslast month

    Meredith (MDP) Q3 Results Solid, Soft Earnings View Hurts

    Meredith (MDP) witnesses solid earnings and revenue growth in third-quarter fiscal 2019 due to strong performance across segments. However, a slashed EBITDA and earnings view hurts investor sentiment.

  • Cumulus Media Inc (CMLS) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Cumulus Media Inc (CMLS) Q1 2019 Earnings Call Transcript

    CMLS earnings call for the period ending March 31, 2019.

  • Associated Press2 months ago

    Cumulus: 1Q Earnings Snapshot

    On a per-share basis, the Atlanta-based company said it had net income of 2 cents. The radio station owner posted revenue of $267.5 million in the period. Cumulus shares have climbed 57% since the beginning ...

  • GlobeNewswire2 months ago

    CUMULUS MEDIA Reports Operating Results for First Quarter 2019

    ATLANTA, May 09, 2019 -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three months ended March 31, 2019..

  • Benzinga2 months ago

    Q1 Earnings Preview For Cumulus Media

    On Thursday, May 9, Cumulus Media (NASDAQ: CMLS ) will release its latest earnings report. Benzinga's outlook for Cumulus Media is included in the following report. Earnings and Revenue Wall Street analysts ...

  • GlobeNewswire2 months ago

    Cumulus Media Appoints Brian Philips as Executive Vice President, Content and Audience

    Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has appointed Brian Philips as Executive Vice President, Content and Audience, effective May 6, 2019. Mr. Philips will report to Mary G. Berner, President and Chief Executive Officer of Cumulus Media. Mr. Philips brings to Cumulus Media more than 30 years of leadership and programming experience across a range of media.

  • GlobeNewswire2 months ago

    CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2019 Operating Results

    ATLANTA, April 25, 2019 -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Thursday, May 9th at 4:30 PM EDT to discuss its first quarter 2019 operating.

  • World Wrestling (WWE) Reports Q1 Loss, Revenues Fall Y/Y
    Zacks2 months ago

    World Wrestling (WWE) Reports Q1 Loss, Revenues Fall Y/Y

    World Wrestling Entertainment's (WWE) Q1 revenues decline year over year due to fall in live event ticket revenue and lower merchandise sales.

  • Here are 25 of Georgia's highest-paid female executives of 2018
    American City Business Journals2 months ago

    Here are 25 of Georgia's highest-paid female executives of 2018

    They are in top leadership roles at companies including Coca-Cola, Home Depot, Veritiv, Aflac, SunTrust Banks and TSYS.

  • GlobeNewswire2 months ago

    Cumulus Media Announces Two Strategic Transactions

    Announces Agreement to Sell KLOS-FM to Meruelo Media for $43 million Enters into Swap Agreement with Connoisseur Media to Acquire Four Stations in Allentown, PA ATLANTA, Ga.,.

  • PR Newswire2 months ago

    Meruelo Media Enters LMA with Cumulus Media To Purchase KLOS-FM

    LOS ANGELES , April 15, 2019 /PRNewswire/ -- Meruelo Group announced today that its media division, Meruelo Media, entered into an agreement with Cumulus Media Inc. to purchase KLOS-FM in ...

  • Discovery (DISCA) Looks Good: Stock Adds 6.1% in Session
    Zacks3 months ago

    Discovery (DISCA) Looks Good: Stock Adds 6.1% in Session

    Discovery (DISCA) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of CMLS earnings conference call or presentation 18-Mar-19 8:30pm GMT

    Q4 2018 Cumulus Media Inc Earnings Call

  • Restructuring Might Have Just Made Cumulus Media an Interesting Bet
    GuruFocus.com3 months ago

    Restructuring Might Have Just Made Cumulus Media an Interesting Bet

    Changes in capital structure often tend to present attractive investment opportunities, particularly in small-cap stocks. The need for restructuring usually arises from excessively high debt levels, and the valuations within small caps tend to crash with the rising uncertainty associated with restructuring. A recent victim of this situation is Cumulus Media Inc. (CMLS), one of the industry leaders in radio broadcasting, which declared bankruptcy last year due to colossal debt.

  • 4 Top-Ranked Media Stocks to Have a Terrific Ride This Year
    Zacks3 months ago

    4 Top-Ranked Media Stocks to Have a Terrific Ride This Year

    Here we pick four top-ranked media stocks that offer good investment opportunities in 2019.

  • World Wrestling Banks on Strategic Deals & Subscriber Growth
    Zacks3 months ago

    World Wrestling Banks on Strategic Deals & Subscriber Growth

    World Wrestling (WWE) is on track with its strategic deals to increase revenues. Also, the company benefits from its focus on increasing original content, subscriber growth and rise in TV rights fees.

  • Viacom (VIAB) Catches Eye: Stock Jumps 7.6%
    Zacks3 months ago

    Viacom (VIAB) Catches Eye: Stock Jumps 7.6%

    Viacom (VIAB) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

  • Associated Press3 months ago

    Cumulus: 4Q Earnings Snapshot

    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 ...

  • GlobeNewswire3 months ago

    CUMULUS MEDIA Reports Operating Results for Fourth Quarter and Full Year 2018

    Reports Q4 Net Revenue Growth of 5.2% and Adjusted EBITDA Growth of 31.6% Reports Full Year Revenue Growth of 0.4% and Adjusted EBITDA Growth of 7.6% ATLANTA, March 18, 2019.

  • GlobeNewswire4 months ago

    CUMULUS MEDIA Announces Selected Preliminary Unaudited Operating Results for Fourth Quarter and Full Year 2018

    Expects to Report Q4 Net Revenue Growth of +5% and Adjusted EBITDA Growth of +30% (1)   Expects to Report Full Year Adjusted EBITDA Growth of +7% (1)  Announces Conference.