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