CMLS - Cumulus Media Inc.

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
17.16
+0.09 (+0.53%)
At close: 4:00PM EDT
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Previous Close17.07
Open16.96
Bid17.19 x 800
Ask17.24 x 800
Day's Range16.96 - 17.49
52 Week Range9.70 - 26.00
Volume51,167
Avg. Volume99,106
Market Cap290.392M
Beta (3Y Monthly)-49.14
PE Ratio (TTM)0.49
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
All
News
Press Releases
  • GlobeNewswire24 days ago

    Cumulus Media Announces Agreement to Sell WABC to Red Apple Media for $12.5 Million

    Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has entered into an agreement to sell WABC (AM) in New York City to Red Apple Media, Inc., a wholly-owned subsidiary of Red Apple Group, for $12.5 million in cash. Mary G. Berner, President and Chief Executive Officer of Cumulus, said, “Today’s agreement with Red Apple is yet another step in the execution of our portfolio optimization priority to drive Cumulus’s long-term success. Under the terms of the agreement, Red Apple will take responsibility for programming WABC immediately following the close of the sale, which is expected to occur in the third quarter of 2019.

  • GlobeNewswirelast month

    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.

  • GlobeNewswirelast month

    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.

  • GlobeNewswire2 months 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.

  • 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..

  • 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.

  • GlobeNewswire3 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.

  • GlobeNewswire3 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 Newswire3 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 ...

  • GlobeNewswire4 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.

  • GlobeNewswire5 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.

  • GlobeNewswire5 months ago

    Cumulus Media Announces Two Strategic Portfolio Optimization Transactions

    Selling Six Stations to Educational Media Foundation for $103.5 Million;Net Proceeds to Pay Down Debt and Reinvest in Growth Opportunities Swapping Three Stations with Entercom.

  • Business Wire8 months ago

    Veritone® Announces Expanded Agreement to Provide Cumulus Media Radio Stations with AI-Enhanced Analytics for Advertising Campaigns

    Veritone Inc. (VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced an expanded agreement with Cumulus Media, the second largest owner and operator of radio stations in the U.S., to license the aiWARE technology to provide near real-time advertising intelligence and insights for Cumulus' advertisers and sponsors. Under this agreement, Cumulus Media radio stations in the top 50 markets will be able to leverage Veritone’s artificial intelligence platform to quantify results through increased transparency, metrics, and analytics for both spot-based and endorsement-based advertising campaigns.

  • GlobeNewswire8 months ago

    CUMULUS MEDIA Reports Operating Results for Third Quarter 2018

    ATLANTA, Nov. 13, 2018 -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three and nine months ended.

  • GlobeNewswire8 months ago

    CUMULUS MEDIA Announces Conference Call to Discuss Third Quarter 2018 Operating Results

    ATLANTA, Nov. 05, 2018 -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, November 13th at 4:30 PM EST to discuss its third quarter 2018 operating.

  • TuneIn and CUMULUS MEDIA Announce Multi-Year Expansion Deal
    PR Newswire11 months ago

    TuneIn and CUMULUS MEDIA Announce Multi-Year Expansion Deal

    441 Stations Across 90 U.S Markets Now Available to 75 Million Listeners Across 200+ Platforms and Devices, Including Smart Speakers SAN FRANCISCO , Aug. 9, 2018 /PRNewswire/ -- TuneIn, Inc., the leading ...