Investors

NASDAQ CMLS $10.18 -0.48 -4.50%

CUMULUS MEDIA Reports Operating Results for the First Quarter 2021

ATLANTA, GA — May 5, 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 a recovering economy. Over the last three months, expanded vaccine distribution and greater economic activity have supported a significant pickup in advertising, leading to a positive revenue trajectory across all our businesses, with particularly strong results in podcasting which was up approximately 35% year-over-year. Additionally, the meaningful permanent cost reductions we initiated in 2020, more than $10 million of which were reflected in the first quarter, positively impacted Q1 2021 EBITDA. Looking ahead, with our strong competitive positioning, growing digital revenue streams, and substantial free cash flow generating potential, we believe we have multiple avenues along which to grow shareholder value.”



5/5/21 – CUMULUS MEDIA Reports Operating Results for the First Quarter 2021
4/6/21 – CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2021 Operating Results
2/23/21 – CUMULUS MEDIA Reports Operating Results for 2020
2/09/21 – CUMULUS MEDIA Announces Conference Call to Discuss Operating Results for 2020
11/05/20 – CUMULUS MEDIA Reports Operating Results for the Third Quarter 2020
10/09/20 – CUMULUS MEDIA Announces Conference Call to Discuss Third Quarter 2020 Operating Results
10/01/20 – CUMULUS MEDIA Completes Initial Closing of Tower Portfolio Monetization Transaction for $208 Million
08/10/20 – CUMULUS MEDIA Reports Operating Reports Operating Results for the Second Quarter 2020…
07/27/20 – CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2020 Operating Results
06/24/20 – CUMULUS MEDIA Completes Sale of Land in Bethesda, Maryland to Toll Brothers for $74.1 million
05/21/20 – CUMULUS MEDIA Adopts Short-Term Shareholder Rights Plan
05/11/20 – CUMULUS MEDIA Reports Operating Results for the First Quarter 2020
04/27/20 – CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2020 Operating Results
04/20/20 – CUMULUS MEDIA Annual Meeting
03/19/20 – CUMULUS MEDIA Appoints Francisco (Frank) J. Lopez-Balboa as Executive Vice President and Chief Financial Officer
02/21/20 – CUMULUS MEDIA Reports Operating results for 2019
02/06/20 – CUMULUS MEDIA Announces Conference Call to Discuss Fourth Quarter and Full Year 2019…
11/11/19 – CUMULUS MEDIA Reports Operating Results for the Third Quarter
10/21/19 – CUMULUS MEDIA Announces Conference Call to Discuss Third Quarter 2019 Operating Results
09/18/19 – CUMULUS MEDIA Announces Pricing of $525 Million Senior Secured Term Loan B
08/08/19 – CUMULUS MEDIA Reports Operating Results for the Second Quarter 2019
07/26/19 – CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2019 Operating Results
07/22/19 – CUMULUS MEDIA Makes $50 Million Voluntary Debt Prepayment
06/27/19 – CUMULUS MEDIA Announces Agreement to Sell WABC to Red Apple Media for $12.5 Million
06/12/19 – CUMULUS MEDIA Announces Upsizing and Pricing of $500 Million Offering of Senior Secured …
06/11/19 – CUMULUS MEDIA Announces Launch of $300 Million Offering of Senior Secured First-Lien Notes
06/05/19 – CUMULUS MEDIA Achieves $200 Million Debt Reduction Milestone
05/09/19 – CUMULUS MEDIA Reports Operating Results for First Quarter 2019
04/25/19 – CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2019 Operating Results
04/15/19 – CUMULUS MEDIA Announces Two Strategic Transactions
03/18/19 – CUMULUS MEDIA Reports Operating Results for Fourth Quarter and Full Year 2018
02/25/19 – CUMULUS MEDIA Announces Selected Preliminary Unaudited Operating Results for Fourth Quarter..
02/13/19 – CUMULUS MEDIA Announces Two Strategic Portfolio Optimization Transactions
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
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
05/05/18 – 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

4/28/21 – Cumulus Media Rebrand Westwood One Podcast Network
4/27/21 – Dan Bongino to Helm New Program for Westwood One
4/05/21 – Westwood One Sports Covers The 85th Masters Tournament With Daily Updates And Evening Highlight Shows  
3/23/21 – DCP Entertainment And Westwood One Partner For Podcasts
3/23/21 – Gaby Dunn Joins The Westwood One Podcast Network
3/16/21 – Westwood One Presents Exclusive Multiplatform Audio Coverage Of The 2021 NCAA® Men’s Basketball Tournament
3/05/21 – Just Getting Started With Rich Eisen Launches Today On The Westwood One Podcast Network
2/24/21 – The Dan Bongino Show Hits 100th Affiliate Milestone
2/24/21 – Westwood One And Sony Nashville Partner To Raise Awareness For The 2022 Special Olympics USA Games
2/11/21 – Olympic Wrestling Legend Kurt Angle Launches Podcast On Westwood One – It’s True, It’s Damn True
2/10/21 – Brown Ambition Joins the Westwood One Podcast Network 
2/08/21 – New Series, The Washies, Drops Today On Westwood One Podcast Network
1/12/21 – Westwood One Presents Season-Long College Basketball Coverage
12/17/20 – Westwood One Inks Partnership with Rich Eisen
12/01/20 – Westwood One, Imperative Entertainment’s Podcast Division and Pegalo Pictures Introduce American Coyote  
11/19/20 – Westwood One Expands Daily Wire Programming With The Michael Knowles Show
11/03/20 – CUMULUS MEDIA Announces Completion of Offer to Purchase 2026 Notes
11/02/20 – Westwood to Distribute Rolling Stone Podcasts
6/25/20 – Marketplace and Westwood One Partner to Launch ‘Marketplace Minute’
6/8/20 – CUMULUS MEDIA and Westwood One Will Mark the Burial of George Floyd Tuesday With On-Air Audio Tribute Airing Across its U.S. Urban Radio Platform
6/2/20 – Westwood One and Oxford Road Partner To Debut the Bongino Brief
4/27/20 – Westwood One Launches Weekends with Roula
4/22/20 – Westwood One News Wins Three New York Festival Radio Awards
4/10/20 – Westwood One News Wins National Headliner Award for Breaking News Coverage …
3/31/20 – In the Bubble with Andy Slavitt, a New Podcast from Lemonada Media, Debuts April 1
3/19/20 – The Prof G Show Launches on Westwood One Podcast Networ
3/02/20 – DFW Country Station KPLX/99.5 The Wolf Debuts “The All-New Wake Up With the Wolf Show”
1/17/20 – Mouthpeace with Michael And Pele Bennett, a New Podcast from Lemonada Media, Debuts January 31
1/09/20 – CUMULUS MEDIA Announces CFO Transition
1/08/20 – Westwood One Announces New Syndicated Radio Show, Nights with Elaina, debuting February 3rd
12/17/19 – ESports 30 with Kevin Knocke Launches on Westwood One Podcast Network
12/12/19 – Good Kids: How Not To Raise An A**Hole Is The #1 Kids & Family / Parenting Podcast In The Country
12/10/19 – Westwood One And The Associated Press Unite In Podcast Partnership
12/05/19 – Sounds of the Season: Westwood One Presents “An American Country Christmas with Kix Brooks”
11/26/19 – Lemonada Signs with NFL’s Michael Bennett and Pele Bennett for its Fourth Series, Last Day nominated for iHeartRadio…
11/13/19 – Women In Country Music: 2019 CMA Awards Host Carrie Underwood Overcome With Emotion Hearing Praise From…
11/12/19 – Cumulus Atlanta’s New Country 101.Five Launches Today With First-Ever, Georgia-Driven Music Format
11/12/19 – Good Kids: How Not To Raise An A**Hole, A New Podcast From Lemonada Media Launches In Time For The Holidays
11/12/19 – Popular 104.1 KRBE Morning Team Roula and Ryan Sign Multi-Year Deal With CUMULUS MEDIA
11/11/19 – CUMULUS MEDIA Reports Operating Results for the Third Quarter 2019
11/07/19 – Westwood One News Presents 30th Anniversary Special On The Fall Of The Berlin Wall
11/03/19 – Marty McFly, Morning Show Host for Nashville Country Radio Station 95.5 NASH Icon, Launches “Hometown Strong” Charity …
10/30/19 – CUMULUS MEDIA Hires Media Veteran Robert Berju as VP, Finance and Strategy
10/23/19 – As Me With Sinéad, A Lemonada Media Original Hosted ByActivist Sinéad Burke, Debuts Today
10/21/19 – Westwood One Adds Classic Gold to its Family of Classic Hits 24-Hour Formats
10/17 /19 – Westwood One’s Podcast Download — Fall 2019 Report Reveals New Insights On The Podcast Listener, Platform Usage…
10/17/19 – Westwood One To Distribute and Sell The McLaughlin Group Radio Show and Podcast
10/08/19 – CUMULUS MEDIA Appoints Tammy O’Dell as Vice President-Market Manager for Cumulus Radio Station Group in Columbia SC
09/16/19 – CUMULUS MEDIA Appoints John Toohey As Vice President Finance
09/09/19 – Mary Berner President and CEO CUMULUS MEDIA to Receive 2019 Gracies Leadership Award From the Alliance for Women…
09/09/19 – NewsTalk 99. 7FM & AM 630 WPRO Confronts the Opioid Crisis In Powerful Day Of Broadcasts On September 13th
09/04/19 – Gigi South Joins CUMULUS MEDIA as Vice President-Market Manager for Savannah-Hilton Head Radio Stations
09/04/19 – Eric Mastel to Lead Cumulus Charleston as Vice President-Market Manager
08/08/19 – CUMULUS MEDIA Reports Operating Results for the Second Quarter 2019
07/26/19 – CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2019 Operating Results
07/11/19 – First and Only Female NBA Scout Bonnie-Jill Laflin Launches “The Weekly Pass” On Westwood One Podcast Network
06/27/19 – CUMULUS MEDIA Announces Agreement to Sell WABC to Red Apple Media for $12.5 Million
06/05/19 – CUMULUS MEDIA Achieves $200 Million Debt Reduction Milestone
05/09/19 – CUMULUS MEDIA Reports Operating Results for First Quarter 2019
04/25/19 – CUMULUS MEDIA Announces Conference Call to Discuss First Quarter 2019 Operating Results
04/15/19 – CUMULUS MEDIA Announces Two Strategic Transactions
03/18/19 – CUMULUS MEDIA Reports Operating Results for Fourth Quarter and Full Year 2018
02/25/19 – CUMULUS MEDIA Announces Selected Preliminary Unaudited Operating Results for Fourth Quarter and Full Year 2018
02/13/19 – CUMULUS MEDIA Announces Two Strategic Portfolio Optimization Transactions
11/05/18 – CUMULUS MEDIA Announces Conference Call to Discuss Third Quarter 2018 Operating Results
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
07/17/18 – 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


PRESENTATIONS


Corporate Office

3280 Peachtree Road, NW
Suite 2200
Atlanta, Georgia 30305
ContactUs@cumulus.com


Investor Contact

IR@cumulus.com

Corporate Officers

Mary G. Berner
President and Chief Executive Officer

Frank Lopez-Balboa
Executive Vice President, Treasurer and Chief Financial Officer

Richard S. Denning
Executive Vice President, Secretary and General Counsel

CUMULUS MEDIA (NASDAQ: CMLS) is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 415 owned-and-operated stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across nearly 7,300 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees.