Cumulus Media Inc. today announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022 according to a preliminary list of additions posted on June 3, 2022.

Cumulus Media Inc. today announced the preliminary results of its “modified Dutch auction” tender offer, which expired at midnight, New York City time, on June 3, 2022. This tender offer is an initial step in the execution of the Company’s previously announced $50 million share repurchase program.

Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Following yesterday’s announcement of the Board’s authorization of a $50 million share buyback program, we are launching this tender as a first step in our capital return plan.”

Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Our outstanding first quarter results once again demonstrate the positive impacts of our ‘audio-first’ strategy to transform the Company from a one-dimensional radio broadcaster to a multi-dimensional audio media company.”

We are providing you an important update regarding our first quarter financial results and the initiation of a new program to return significant capital to Cumulus shareholders.

Cumulus Media Inc. will host a conference call on Wednesday, May 4th at 8:30 AM ET to discuss its first quarter 2022 operating results.

Cumulus Media Inc. today announced operating results for the nine months ended September 30, 2021.