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Cumulus Media Inc  (CMLS)
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    Sector  Services    Industry Broadcasting Media & Cable TV
 
 

EARNINGS REPORT by CSIMarket

Impairment charge erase Forth quarter profits


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Company's earnings faded on asset impairments of $603 million in the forth quarter 2016



Lower revenues led to losses in the forth quarter 2016, Sales fell by -3.01 % to $300 millions and loss per share was at $-18.57 compare to $-0.02 per share realized in quarter a year ago.

Looking into results from previous quarter Sales increased by 4.68 % from $286 millions and eps fell from $1.58 per share.

For the forth quarter 2016 Cumulus Media Inc realized net loss of $-544 million, bigger than $-5 million a year ago.

Company recognized $603 million charge on assets impairments, this has depleted what other weise would be forth quarter 2016 earnings.

Cumulus Media Inc announced net loss of $-511 millions and Sales of $1.14 billions in the fiscal year 2016.

Net loss per share has widen to $-17.45 from $-2.34 in previous fiscal year, while Sales decreased by -2.33 % from $1.17 billions a year ago.
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Other CMLS's Earnings Reports

Cumulus Media Inc reported third quarter 2016 earnings

Cumulus Media Inc reported second quarter 2016 earnings

Cumulus Media Inc reported first quarter 2016 earnings

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