CSIMarket
 
Cumulus Media Inc  (CMLS)
Other Ticker:  
 
 
Price: $3.7400 $0.00 0.000%
Day's High: $3.94 Week Perf: -16.52 %
Day's Low: $ 3.68 30 Day Perf: -18.7 %
Volume (M): 78 52 Wk High: $ 6.59
Volume (M$): $ 291 52 Wk Avg: $4.38
Open: $3.71 52 Wk Low: $2.57



 Market Capitalization (Millions $) 65
 Shares Outstanding (Millions) 17
 Employees 3,064
 Revenues (TTM) (Millions $) 845
 Net Income (TTM) (Millions $) -118
 Cash Flow (TTM) (Millions $) -27
 Capital Exp. (TTM) (Millions $) 25

Cumulus Media Inc
Cumulus Media Inc is a publicly traded American broadcasting company headquartered in Atlanta, Georgia. Founded in 1997, Cumulus Media ranks as one of the largest radio station owners and operators in the country, with a portfolio of 428 radio stations - including 84 of the top 100 U.S. markets - and a presence in over 87 markets nationwide.

The company operates in two divisions, Radio Station Group and Westwood One, which collectively reach over 245 million people each week across all platforms, including on-air, digital, and live events. The Radio Station Group is responsible for the acquisition, operation, and management of Cumulus Media's portfolio of radio stations, while Westwood One is a leading provider of network radio programming and advertising sales.

Cumulus Radio Station Group:

The Radio Station Group oversees a diverse range of radio stations in terms of format, including country, news/talk, classic rock, adult contemporary, and more. Cumulus stations broadcast on both AM and FM frequencies and operate in major, mid-sized, and small markets, making them a key player in the radio industry. Some of the most popular brands under the Cumulus Media umbrella include KLOS in Los Angeles, Westwood One News, and Nash FM.

Westwood One:

Westwood One, the other division of Cumulus, is a syndicator and distributor of radio content including talk shows, news, sports, and music programming. The company provides local and national advertisers with efficient and effective media delivery through the largest audio network in the US. Regarded as a major player in the radio industry, Westwood One partners with other major radio networks, like iHeartRadio and NPR, for some of its content production.

In addition to radio station ownership and content distribution, Cumulus Media also operates digital and mobile platforms to stay ahead of the evolving radio industry. The company's digital offerings include streaming services, podcasts, content websites, and mobile apps, which make their programming available to listeners worldwide.

However, the company had experienced financial difficulties in recent years, and in November 2020, it was revealed that an affiliate of private equity firm, Platinum Equity, had signed an agreement to acquire Cumulus Media. The deal is expected to close in the first half of 2021.

Overall, Cumulus Media has established itself as a leader in the radio industry with a vast network of owned and operated radio stations, as well as a wide range of syndicated content through Westwood One. Despite the company's difficult financial situation, Cumulus remains a dominant player in the industry with its extensive audience reach and innovative digital platforms.


   Company Address: 780 Johnson Ferry Road NE Atlanta, 30342 GA
   Company Phone Number: 949-0700   Stock Exchange / Ticker: 0 CMLS
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Shares

Cumulus Media Announces Exchange Offer and Consent Solicitation to Optimize Financial Structure and Support Future Growth

Published Tue, Feb 27 2024 1:05 PM UTC

Cumulus Media Announces Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
ATLANTA, Feb. 27, 2024 - Cumulus Media Inc. (NASDAQ: CMLS) recently made an exciting announcement regarding its subsidiary, Cumulus Media New Holdings Inc. The company disclosed that the Issuer has initiated an offer to exchange any and all of its o...

Cumulus Media Inc

Cumulus Media Inc Faces Significant Losses in Financial Period Ending December 31, 2023: Net Deficit Increases to $-117.88 Million

In the financial period closing December 31, 2023, Cumulus Media Inc reported a significant increase in a shortfall per share compared to the previous year. The company experienced a shortfall of $-5.95 per share, a stark contrast from $0.00 per share in the prior year. Additionally, earnings per share fell from $0.16 in the previous quarter. The revenue for the quarter receded by -11.927% to $221.30 million from $251.27 million in the same quarter a year prior, although revenue did show a sequential growth of 6.693% from $207.42 million.
However, it is worth noting that the rest of the Broadcasting Media & Cable TV sector recorded a top-line gain in the fourth quarter of 2023. Cumulus Media Inc realized a net shortfall of $-98.066 million for the financial period closing December 31, 2023, a significant increase from $-0.054 million in the previous year. The company reported a net deficit of $-117.88 million and revenue of $844.55 million for the entire financial year 2023. EPS was also lower at $-6.83 compared to $0.81 in the previous financial year, while revenue decreased by -11.43% from $953.51 million a year prior.

Product Service News

Uniting the Nation Through Sound: Westwood One Brings the 124th Army-Navy Football Game to Audiences Nationwide

Published Thu, Dec 7 2023 10:17 PM UTC

Cumulus Media's Westwood One Provides Exclusive National Audio Coverage of the 124th Army-Navy Football Game
New York-based broadcasting company, Cumulus Media's Westwood One, is set to present exclusive national audio coverage of the highly anticipated Army-Navy Football Game. Known as one of college football's most legendary rivalries, this year's game will be broadcas...

Management Changes

Collin Jones Takes the Helm: Cumulus Media Sets Sights on Audio Entertainment Dominance with Westwood One

Published Mon, Dec 4 2023 6:10 PM UTC

Cumulus Media Appoints Collin Jones as President of Westwood One, Boosting America's Top Audio Network
ATLANTA, Dec. 04, 2023 - Cumulus Media (NASDAQ: CMLS) has recently made an exciting announcement, appointing Collin Jones as the new President of Westwood One. Effective from January 1, 2024, Jones will be responsible for overseeing Westwood One, the largest audio netwo...

Product Service News

Triumph of Talent and Tradition: McCourty Twins Light up the Broadcast Booth for First-Ever Black Friday NFL Game

Published Wed, Nov 22 2023 2:25 PM UTC



As the holiday season inches closer, football fans across the country are gearing up for a series of thrilling NFL matchups over the Thanksgiving weekend. In a groundbreaking move, Cumulus Media's Westwood One takes the excitement to a new level by presenting exclusive national audio coverage of six games, including the first-ever Black Friday Game. What makes this...






 

Cumulus Media Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Cumulus Media Inc does not provide revenue guidance.

Earnings Outlook
Cumulus Media Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com