Financial Releases

Cumulus Media Reports Operating Results for First Quarter 2019

Q1 Net Revenue Growth of 1.4% and Adjusted EBITDA Growth of 3.8% ATLANTA, May 09, 2019 — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three months ended March 31, 2019.

Cumulus Media Announces Two Strategic Transactions

Announces Agreement to Sell KLOS-FM to Meruelo Media for $43 million Enters into Swap Agreement with Connoisseur Media to Acquire Four Stations in Allentown, PA ATLANTA, Ga., April 15, 2019 — Cumulus Media Inc.

Cumulus Media Announces Two Strategic Portfolio Optimization Transactions

Selling Six Stations to Educational Media Foundation for $103.5 Million;Net Proceeds to Pay Down Debt and Reinvest in Growth Opportunities Swapping Three Stations with Entercom Communications Corp.;Lifting Cumulus to the Leading Position in Indianapolis Market ATLANTA, Feb. 13, 2019 — Cumulus Media Inc.

Cumulus Restructuring Plan Confirmed by Court

ATLANTA, May 01, 2018 — Cumulus Media Inc. (PINK:CMLSQ) (the “Company,” “we,” “us,” or “our”) today announced that the United States Bankruptcy Court for the Southern District of New York (“the Court”) has confirmed the Company’s Plan of Reorganization (the “Plan”).