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  • Associated Press23 days ago

    Cumulus reports 4Q loss

    The Atlanta-based company said it had a loss of $7.03 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to $1.12 per share. The radio station owner posted revenue of ...

  • The Wall Street Journallast month

    [$$] Court Extends Cumulus Media's Exclusive Right to File Plan

    A bankruptcy court judge has given Cumulus Media Inc.more time to file a reorganization plan, according to court filings.

  • American City Business Journals2 months ago

    WLUP-FM rocks Chicago's radio world as it gets new owner and new sound

    The Educational Media Foundation (EMF), a not-for-profit radio station operator specializing in Christian music, stunned Chicago’s rock music community on Monday with the news it had acquired for $21.5 million one of the city’s iconic rock music stations, WLUP-FM (97.9). Rocklin, California-based EMF plans to change the station’s format as soon as today to an adult contemporary Christian music format — which no doubt will be a hard switch to swallow for many rock music fans accustomed to listening to WLUP for more than four decades.

  • Broadcaster Wolf, 80, sues Imus, alleging age discrimination
    Associated Press2 months ago

    Broadcaster Wolf, 80, sues Imus, alleging age discrimination

    NEW YORK (AP) — The sportscaster who popularized the phrase "Let's go to the videotape!" filed an age discrimination lawsuit on Thursday over his firing from shock jock Don Imus' radio show.

  • American City Business Journals2 months ago

    White Sox latch on to WGN-AM as time for radio deal grows short

    The agreement includes all 162 White Sox regular season, plus any postseason games, as well as select spring training games. In their 10th season together, the on-air duo of Ed Farmer (play-by-play) and Darrin Jackson (analyst) return to do the honors on WGN-AM. The team's first preseason game is just over a week away on Feb. 23, so the White Sox needed to make a deal fast after Cumulus Media announced late last year that it was ending its contract to air White Sox games on WLS-AM (890) after Cumulus declared bankruptcy.

  • American City Business Journals3 months ago

    Bulls ink deal with Entercom's WSCR-AM for radio game broadcasts

    The Chicago Bulls today said they are moving their local radio game broadcast home to Entercom's WSCR-AM (670) from Cumulus' WLS-AM (890), which had been the team's radio home since the start of the 2016-17 season. The first game broadcast on WSCR-AM will be Feb. 3, when the Bulls take on the Los Angeles Clippers. Cumulus filed for bankruptcy protection last November, and recently announced it would drop both Bulls and Chicago White Sox game broadcasts.

  • The Wall Street Journal3 months ago

    [$$] Cumulus Creditor Groups Say Plan Undervalues Company

    Cumulus Media Inc.’s creditors, including the unsecured creditors committee and an ad hoc group of holders in bonds and loans, said they will fight the company’s reorganization plan because they believe ...

  • The Wall Street Journal3 months ago

    [$$] Firm Retention Summary: Cumulus Media Inc.

    This is a summary of a request from the official committee of unsecured creditors of Cumulus Media Inc. to hire Akin Gump Strauss Hauer & Feld LLP as counsel, filed Jan. 11 with the U.S. Bankruptcy Court ...

  • The Wall Street Journal3 months ago

    [$$] Biswas's Take: Cumulus Cuts Go Beyond Debt As Imus Leaves

    Cumulus Media Inc.’s biggest star, Don Imus, is retiring, a development that’s expected to save the radio broadcaster millions of dollars, according to a person familiar with the matter.

  • The Wall Street Journal3 months ago

    [$$] Cumulus Unveils Recoveries Under Chapter 11 Plan

    Junior bondholders would recover less than 14 cents on the dollar

  • Moody's5 months ago

    Cumulus Media Holdings Inc. -- Moody's downgrades Cumulus Media's PDR to D-PD from Caa3-PD; Ratings to be withdrawn

    Rating Action: Moody's downgrades Cumulus Media's PDR to D-PD from Caa3-PD; Ratings to be withdrawn. Global Credit Research- 01 Dec 2017. New York, December 01, 2017-- Moody's Investors Service, downgraded ...

  • US Q3 GDP Hits Best Level Since 2014: Top 5 Gainers
    Zacks5 months ago

    US Q3 GDP Hits Best Level Since 2014: Top 5 Gainers

    The U.S. economy hits highest pace of growth in three years, mostly buoyed by a surge in business investments.

  • Associated Press5 months ago

    Radio broadcaster Cumulus files for bankruptcy protection

    Radio broadcasting company Cumulus Media has filed for Chapter 11 bankruptcy protection and entered into a restructuring agreement with some of its lenders to reduce its debt by $1 billion. Atlanta-based ...

  • Reuters5 months ago

    Cumulus Media files for bankruptcy protection

    U.S. radio broadcaster Cumulus Media Inc filed for Chapter 11 bankruptcy protection and said it has entered into a restructuring agreement with certain of its lenders to reduce more than $1 billion in debt. The company's bigger rival IHeartMedia Inc is also struggling to find a solution to significantly slash its debt pile outside of bankruptcy court. Cumulus filed the petition in the U.S. Bankruptcy Court for the Southern District of New York.

  • TheStreet.com5 months ago

    Radio Station Operator Cumulus Media Files for Bankruptcy

    Radio station operator Cumulus Media says it has a deal to reduce its debt load by more than $1 billion.

  • Consumer Confidence Hits Fresh 17-Yr High: 4 Picks
    Zacks5 months ago

    Consumer Confidence Hits Fresh 17-Yr High: 4 Picks

    Fueling consumers' optimism is an improving jobs market and a strong economy.

  • Thomson Reuters StreetEvents5 months ago

    Edited Transcript of CMLS earnings conference call or presentation 9-Nov-17 1:00pm GMT

    Q3 2017 Cumulus Media Inc Earnings Call

  • Who Are Cumulus Media Inc’s (CMLS) Major Shareholders?
    Simply Wall St.5 months ago

    Who Are Cumulus Media Inc’s (CMLS) Major Shareholders?

    In this article, I will take a quick look at Cumulus Media Inc’s (NASDAQ:CMLS) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure of aRead More...

  • Associated Press5 months ago

    Cumulus posts 3Q profit

    On a per-share basis, the Atlanta-based company said it had net income of 4 cents. Earnings, adjusted to extinguish debt, were 6 cents per share. The radio station owner posted revenue of $287.2 million ...

  • ACCESSWIRE5 months ago

    Cumulus Media Inc. Class A to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / November 9, 2017 / Cumulus Media Inc. Class A (NASDAQ: CMLS ) will be discussing their earnings results in their Q3 Earnings Call to be held on November 9, 2017 at 8:00 AM Eastern ...