|Bid||9.35 x 800|
|Ask||9.40 x 3200|
|Day's Range||8.88 - 9.43|
|52 Week Range||3.00 - 18.15|
|Beta (5Y Monthly)||2.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 22, 2021 - Feb 27, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.00|
Cumulus Media (CMLS) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
CUMULUS MEDIA today announces the launch of PROJECT SHINE, a cross-platform charitable initiative, serving as a nationwide call to local volunteerism through partner VolunteerMatch, the world's largest volunteer engagement network. PROJECT SHINE will be promoted on the company's 422 radio stations and websites across 87 U.S. markets and through CUMULUS MEDIA's Westwood One, the largest audio network in the U.S., with creative promos framed by a new version of iconic rock band Collective Soul's hit "Shine", re-recorded exclusively for PROJECT SHINE.
With that, I'll now turn it over to our President and CEO, Mary Berner. In the third quarter, we continued to deliver against the goals we established at the start of the pandemic crisis: maximizing revenue, offsetting the virus' impact through rigorous cost management and liquidity enhancement, and ensuring that we emerge from the pandemic well-positioned for long-term success.