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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:

Restructuring Information

Emergence Press Release

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