Financial Releases

Annual Meeting

Due to public health concerns regarding COVID‐19 and government‐recommended and required limits on gatherings and events, our 2020 Annual Meeting of Stockholders will be conducted exclusively online by remote communication. A virtual event will assist in protecting the health and safety of our stockholders, employees and the community. The Annual Meeting will be held on […]

CUMULUS MEDIA Appoints Francisco (Frank) J. Lopez-Balboa as Executive Vice President and Chief Financial Officer

ATLANTA, March 19, 2020 — Cumulus Media Inc. (NASDAQ: CMLS) today announced that Frank Lopez-Balboa has been appointed Executive Vice President and Chief Financial Officer, effective March 23, 2020. Lopez-Balboa, who brings over 30 years of experience in finance, business strategy, M&A and executive leadership to Cumulus, will report to Mary G. Berner, President and […]

CUMULUS MEDIA Reports Operating Results for 2019

ATLANTA, Feb. 21, 2020 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “CUMULUS MEDIA,” “we,” “us,” or “our”) today announced operating results for the three months and year ended December 31, 2019. For the year ended December 31, 2019, the Company reported net revenue of $1,113.4 million, a decrease of 2.4% from the year ended December 31, 2018, net income of $61.3 million and […]

CUMULUS MEDIA Reports Operating Results for the Third Quarter 2019

CUMULUS MEDIA Reports Operating Results for the Third Quarter 2019 ATLANTA, GA — November 11, 2019: Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2019. Third Quarter Financial Highlights As compared to the third quarter of 2018 on an As Reported […]

CUMULUS MEDIA Announces Pricing of $525 Million Senior Secured Term Loan B

Reduced Annual Interest Expense and Extended Debt Maturity to 2026 Decline in Total Debt of $275 Million Since Emerging from Chapter 11 ATLANTA, Sept. 18, 2019 — Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced the pricing of a new $525 million senior secured term loan B due March […]

CUMULUS MEDIA Reports Operating Results for the Second Quarter 2019

ATLANTA, Aug. 08, 2019 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three and six months ended June 30, 2019. Second Quarter Financial Highlights• As compared to the second quarter of 2018 on an As Reported GAAP basis: Net revenue decreased 2.0% Net income was $42.9 million Adjusted […]

CUMULUS MEDIA Makes $50 Million Voluntary Debt Prepayment

Announces Closing of Sale of KLOS-FM to Meruelo Media Reduces Total Debt by Approximately $250 Million Since Emerging from Chapter 11 ATLANTA, July 22, 2019 — Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has made a $50 million voluntary debt prepayment, continuing its commitment to reducing […]