Financial Releases

Cumulus Media Announces Agreement to Sell WABC to Red Apple Media for $12.5 Million

ATLANTA, June 27, 2019 — Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has entered into an agreement to sell WABC (AM) in New York City to Red Apple Media, Inc., a wholly-owned subsidiary of Red Apple Group, for $12.5 million in cash. Mary G.

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.