CMLS - Cumulus Media Inc.
| Previous Close | 17.09 |
| Open | 17.08 |
| Bid | 17.57 x 1000 |
| Ask | 17.80 x 1200 |
| Day's Range | 17.05 - 18.06 |
| 52 Week Range | 9.70 - 26.00 |
| Volume | 39,773 |
| Avg. Volume | 68,412 |
| Market Cap | 297.734M |
| Beta (3Y Monthly) | -39.86 |
| PE Ratio (TTM) | 0.50 |
| EPS (TTM) | 35.06 |
| Earnings Date | Aug 19, 2019 - Aug 23, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 22.00 |
- GlobeNewswire•8 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's•9 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.
- GlobeNewswire•9 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.
- GlobeNewswire•15 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 StreetEvents•26 days ago
Edited Transcript of CMLS earnings conference call or presentation 9-May-19 8:30pm GMT
Q1 2019 Cumulus Media Inc Earnings Call
- Zacks•last 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.
Motley Fool•last monthCumulus Media Inc (CMLS) Q1 2019 Earnings Call Transcript
CMLS earnings call for the period ending March 31, 2019.
- Associated Press•last month
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 ...
- GlobeNewswire•last month
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..
- Benzinga•last month
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 ...
- GlobeNewswire•last month
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.
- GlobeNewswire•2 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.
- Zacks•2 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.
- American City Business Journals•2 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.
- PR Newswire•2 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 ...
- GlobeNewswire•2 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.,.
- Zacks•2 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 StreetEvents•2 months ago
Edited Transcript of CMLS earnings conference call or presentation 18-Mar-19 8:30pm GMT
Q4 2018 Cumulus Media Inc Earnings Call
GuruFocus.com•3 months agoRestructuring 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.
- Zacks•3 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.
- Zacks•3 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.
- Zacks•3 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 Press•3 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 ...
- GlobeNewswire•3 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.
- GlobeNewswire•4 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.
