Financial Releases

Cumulus Media Reports Operating Results for the First Quarter 2021

ATLANTA, May 05, 2021 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced operating results for the three months ended March 31, 2021. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Our first quarter results clearly reflect the benefits of our improved operating leverage in […]

Cumulus Media Reports Operating Results for 2020

ATLANTA, Feb. 23, 2021 — 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, 2020. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Given 2020’s extenuating circumstances, I am extremely proud of the Company’s performance […]

Cumulus Media Reports Operating Results for the Third Quarter 2020

ATLANTA, Nov. 05, 2020 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2020. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “In the third quarter, the Company continued to focus on maximizing revenue […]

Cumulus Media Announces Completion of Offer to Purchase 2026 Notes

ATLANTA, Nov. 03, 2020 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced that the Company has completed its asset sale offer to purchase $47,164,000 aggregate principal amount of its 6.750% Senior Secured First-Lien Notes due 2026 (the “Notes”), at 100% plus accrued and unpaid interest to, but […]

Cumulus Media Completes Initial Closing of Tower Portfolio Monetization Transaction for $208 Million

ATLANTA, Oct. 01, 2020 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced that the Company completed the initial closing of its tower portfolio monetization transaction for $208 million in gross proceeds on September 30, 2020. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, […]

Cumulus Media Reports Operating Results for the Second Quarter 2020 and Announces Definitive Agreement to Monetize Tower Portfolio for $213 Million

ATLANTA, Aug. 10, 2020 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “Cumulus Media,” “we,” “us,” or “our”) today announced operating results for the three and six months ended June 30, 2020. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “Despite the COVID-19 pandemic’s material impact on revenue, the Company generated over […]