Investor Information

A leader in the radio broadcasting industry, CUMULUS MEDIA (NASDAQ: CMLS) combines high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to the 245 million people reached each week through its 434 owned-and-operated stations broadcasting in 89 U.S. media markets (including eight of the top 10), approximately 8,000 broadcast radio stations affiliated with its Westwood One network and numerous digital channels. Together, the Cumulus Radio Station Group and Westwood One platforms make CUMULUS MEDIA one of the few media companies that can provide advertisers with national reach and local impact. The Cumulus Radio Station Group and Westwood One are the exclusive radio broadcast partners to some of the largest brands in sports, entertainment, news, and talk, including the NFL, the NCAA, the Masters, the Olympics, the GRAMMYs, the Academy of Country Music Awards, the American Music Awards, the Billboard Music Awards, and more. Additionally, it is the nation’s leading provider of country music and lifestyle content through its NASH brand, which serves country fans nationwide through radio programming, exclusive digital content, and live events. For more information, visit www.cumulusmedia.com.

On June 4, 2018 CUMULUS MEDIA successfully completed its financial restructuring and emerged from Chapter 11. The restructuring process allowed the Company to complete the balance sheet restructuring that is critical to the success of its turnaround strategy. Court filings and other information related to the court-supervised proceedings are available on a separate website administered by the Company’s claims agent, Epiq Systems. Use the links below to learn more about the restructuring:

CUMULUS MEDIA Reports Operating Results for Third Quarter 2018

ATLANTA, GA — November 13, 2018: CUMULUS MEDIA Inc. (NASDAQ: CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2018. As described in more detail below, results for the 2018 periods reflect the combined results of the Successor and Predecessor Companies in connection with the Company’s emergence from Chapter 11. For the three months ended September 30, 2018, the Company reported net revenue of $282.3 million, down 1.7% from the three months ended September 30, 2017, net income of $12.7 million and Adjusted EBITDA of $62.1 million, which was up 0.5% from the three months ended September 30, 2017. For the nine months ended September 30, 2018, the Company reported net revenue of $831.2 million, down 1.3% from the nine months ended September 30, 2017, net income of $713.8 million and Adjusted EBITDA of $168.7 million, which was up 0.5% from the nine months ended September 30, 2017. Net income for the nine months ended September 30, 2018 included an after-tax gain associated with the Company’s emergence from Chapter 11 of $641.0 million.

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CUMULUS MEDIA’s presentation at Deutsche Bank’s 26th Annual Leverage Finance Conference from October 3, 2018

Click to download the entire presentation.

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SEC Filings

11/13/18 – CUMULUS MEDIA Reports Operating Results for Third Quarter 2018
11/05/18 – CUMULUS MEDIA Announces Conference Call to Discuss Third Quarter 2018 Operating Results
10/11/18 – CUMULUS MEDIA Announces Discounted Prepayment of a Portion of Senior Secured Term Loan Facility
10/03/18 – CUMULUS MEDIA presentation at Deutsche Bank’s 26th Annual Leverage Finance Conference
08/20/18 – CUMULUS MEDIA Reports Operating Results for Second Quarter 2018
08/14/18 – CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2018 Operating Results
07/27/18 – CUMULUS MEDIA Announces Relisting on the NASDAQ Stock Market
05/15/18 – Cumulus Reports Operating Results for First Quarter 2018
05/01/18 – Cumulus Restructuring Plan Confirmed by Court
03/28/18 – Cumulus Reports Operating Results for Fourth Quarter and Full Year 2017
11/29/17 – Cumulus Enters Restructuring Support Agreement to Reduce Debt by Over $1 Billion
11/09/17 – 2017 Third Quarter Earnings Call Presentation
11/09/17 – Cumulus Reports Operating Results for Third Quarter 2017
10/26/17 – Cumulus Announces Selected Preliminary Operating Results for Third Quarter 2017
08/14/17 – Cumulus Reports Operating Results for Second Quarter 2017 Presentation
08/14/17 – Cumulus Reports Operating Results for Second Quarter 2017
07/31/17 – Cumulus Media Inc. Announces Conference Call To Discuss Second Quarter 2017 Operating Results
05/15/17 – 2017 First Quarter Earnings Call Presentation
05/15/17 – Cumulus Reports Operating Results for First Quarter 2017
05/05/17 – Cumulus Media Inc. Announces Conference Call To Discuss First Quarter 2017 Operating Results
03/16/17 – 2016 Fourth Quarter & Full Year Earnings Call Presentation
03/16/17 – Cumulus Reports Operating Results for Fourth Quarter and Full Year 2016
03/10/17 – Cumulus Announces Termination of Private Exchange Offer
03/08/17 – Cumulus Media Inc. Announces Conference Call To Discuss Fourth Quarter and Full Year 2016 Operating Results
02/15/17 – Cumulus Announces Extended Early Tender Date for its Previously Announced Private Exchange Offer for 7.75% Senior Notes due 2019
01/11/17 – Cumulus Announces Extended Expiration Date and Early Tender Date for its Previously Announced Private Exchange Offer for 7.75% Senior Notes due 2019
12/30/16 – Cumulus Media Inc. Announces Discounted Prepayment of a Portion of Senior Secured Term Loan Facility
12/27/16 – Cumulus Announces Extension of Early Tender Date for its Previously Announced Private Exchange Offer for 7.75% Senior Notes due 2019
12/12/16 – Cumulus Announces Launch of Private Exchange Offer for 7.75% Senior Notes due 2019; Majority of Holders Have Agreed to Participate
12/07/16 – Cumulus Announces Entry into Refinancing Support Agreement with Holders of 7.75% Senior Notes due 2019
11/08/16 – 2016 Third Quarter Earnings Call Presentation
11/08/16 – Cumulus Reports Operating Results for Third Quarter 2016
10/24/16 – Cumulus Media Inc. Announces Conference Call To Discuss Third Quarter 2016 Operating Results
10/12/16 – Cumulus Announces Reverse Stock Split
08/04/16 – 2016 Second Quarter Earnings Call Presentation
08/04/16 – Cumulus Reports Operating Results for Second Quarter 2016
07/28/16 – Cumulus Media Inc. Announces Conference Call To Discuss Second Quarter 2016 Operating Results
06/22/16 – Cumulus Media Appoints John Abbot As Chief Financial Officer
05/05/16 – Cumulus Reports Operating Results for First Quarter 2016
05/05/16 – 2016 First Quarter Earnings Call Presentation
04/22/16 – Cumulus Media Inc. Announces Conference Call To Discuss First Quarter 2016 Operating Results
03/10/16 – Cumulus Reports Operating Results for Fourth Quarter and Full Year 2015
03/10/16 – 2015 Fourth Quarter & Full Year Earnings Call Presentation
02/23/16 – Cumulus Media Inc. Announces Conference Call To Discuss Fourth Quarter and Full Year 2015 Operating Results
12/31/15 – Cumulus Media Inc. Announces Discounted Prepayment of a Portion of Senior Secured Term Loan Facility
11/05/15 – Cumulus Reports Operating Results for Third Quarter 2015
09/29/15 – Cumulus Media Appoints Mary G. Berner Chief Executive Officer
07/30/15 – Cumulus Reports Operating Results for Second Quarter 2015
04/30/15 – Cumulus Reports Operating Results for First Quarter 2015
03/02/15 – Cumulus Reports Operating Results for Fourth Quarter and Full Year 2014
11/10/14 – Cumulus Reports Operating Results for Third Quarter 2014
08/06/14 – Cumulus Reports Operating Results for Second Quarter 2014
04/29/14 – Cumulus Reports Operating Results for First Quarter 2014