Investors

NASDAQ CMLS $4.45 +0.50 +12.66%

CUMULUS MEDIA Reports Operating Results for the First Quarter 2020

ATLANTA, GA — May 11, 2020: Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “CUMULUS MEDIA,” “we,” “us,” or “our”) today announced operating results for the three months ended March 31, 2020.

Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, “Regardless of the challenge, the Cumulus team has focused acutely on what matters most, moved decisively where it will make a difference, and executed every effort efficiently and with an eye toward creating value. Our reaction to this unprecedented COVID-19 crisis has been no different. We entered March with strong financial performance, a favorable capital structure and significant liquidity, and we’ve taken swift actions that we believe will help us weather the adverse impacts of the pandemic.”

Berner continued, “Over the past few years, we have made meaningful shifts, both culturally and strategically, expanding from our on-air radio foundation to become a multi-platform audio-first media company, delivering premium content to over a quarter billion listeners each month whenever and however they want it. With our robust portfolio of broadcast, digital, mobile and voice-activated media solutions and integrated digital marketing services, we are very well-positioned to provide advertisers with the personal connections, local impact and massive national reach that will help them quickly reconnect with their customers as the crisis wanes.”


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

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

11/22/19 – Gracies Luncheon Honors Cumulus, Entercom, Univision Execs.
11/14/19 – Mary Berner Shares her Vision for 2020
11/14/19 – Kicks 101.5 becomes New Country 101.5
11/13/19 – WVLK Addresses Kentucky’s Opioid Crisis With Daylong Broadcast
11/12/19 – Carrie Underwood Praises Miranda Lambert as ‘Super Supportive’: ‘We Lift Each Other Up
11/12/19 – Carrie Underwood tears up over Miranda Lambert’s praise: ‘We lift each other up’
11/12/19 –  Cumulus Digital Revenue Jumps 50%
11/12/19 –  A Healthy Jump For Cumulus
11/11/19 –  Carrie Underwood on female country music artists: ‘We lift each other up’
11/02/19 – Digital, National, Network Pump Cumulus Up 3% In Third Quarter.
11/08/19 –  WDVD/Detroit Comes To the Rescue With Animal Shelter Radiothon
11/07/19 – WWO’s Kevin Harlan’s MNF Black Cat Call Gets National Press
10/01/19 –  New Fisher House Special Coming For Veterans Day Weekend
10/28/19 – Interview: Chris Jericho On Why ‘Talk Is Jericho’ Isn’t A Wrestling Podcast
10/28/19 – Westwood One Moves To Megaphone For Podcast Hosting And Monetization
09/26/19 – Industry Leaders Tackle Radio’s Future in Packed Radio Show Luncheon
09/25/19 – Live From the Radio Show
09/23/19 – More Variety On the Way From Westwood One
09/19/19 – Cumulus Refinances $525 Million of Debt at Lower Interest Rate
09/17/19 – Westwood One Using LeadsRX Software for Attribution Platform
09/16/19 – Cable TV Finance Vet John Toohey Joins Cumulus as VP Finance,
09/09/19 – Enough’: WPRO’s Opioid Awareness Day to Air September 13,
09/04/19 – Eric Mastel to Lead Cumulus Charleston as VP/Market Manager
09/04/19 – Gigi South Joins Cumulus Media as VP/Market Manager for Savannah, GA
09/04/19 – Radio Show to Feature iHM, Entercom, Cumulus CEOs
09/04/19 – Pat McAfee’s Move to Westwood One Includes Podcasts Along With Daily Radio Show

6/8/2020 – 92.3 KRST Country to Host Second Annual KRST Country Cares for St. Jude Kids Radiothon Benefiting St. Jude Children’s Research Hospital
4/22/20 – CUMULUS MEDIA to Drive Funds to Local Food Banks Through Feeding America Emergency Radiothon
4/10/20 – 94.9 KCMO Morning Show Host, Kelly Urich To Ride His Bicycle 100 Miles To Benefit Harvesters
3/24/20 – iHeartMedia Stations Joined By Alpha Media, Cox Media Group, Cumulus And Others to Air The National Anthem …
1/06/20 – Cumulus Dallas Radio Stations Raise a Total of $1,282,996 for DFW Charities in 2019
12/31/19 – Cumulus Shreveport Radio Stations Make Holidays Brighter for Over 300 Area Children in Need With First-Ever…
12/20/19 – KNBR and San Francisco 49ers Raise Over $125,000 for Bay Area Youth Sports Initiatives in Third Annual 49ers Foundation…
12/19/19 – Marty McFly, Morning Show Host for Nashville Country Radio Station 95.5 NASH Icon, Joins Sparta YMCA and the Sparta Police….
12/17/19 – Westwood One Talk Host Jim Bohannon as Santa Claus
12/12/19 – WIVK raises over $340,000 during Country Cares for St. Jude Kids Radiothon
12/09/19 – 23rd Annual Smiley Morning Show/Make-A-Wish Request-A-Thon Raises a Record $839,638 for Central Indiana Kids….
11/22/19 – Local Radio Stations Give Back to Those In Need
11/19/19 – San Francisco’s KNBR partners with the 49ers Foundation to Host Holiday Sports Auction
11/13/19 – Cumulus Lexington News/Talk Radio Station WVLK (97.3FM/590AM) to Broadcast “Enough: Opioid Awareness Day” Today
10/08/19 – WDVD Detroits Blaine Fowler Morning Show Holds Annual Radiothon for Local Animal Shelter
09/30/19 – Cumulus Wilmington Kicks Off Annual “Christmas For Our Troops” Donation Drives and Fundraiser to Bring Holiday Cheer…
09/23/19 – WGRF-97 Rock’s 25th Annual Make-A-Wish Radiothon Raises a Record $300,000 For Children Battling Critical Illnesses…
09/12/19 – Coast 97.3 Wilmington Kicks Off Punt Pass Kick Contest to Benefit Athletic Departments At Four Area High Schools…


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 424 owned-and-operated stations across 87 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, the Olympics, the Academy of Country Music Awards, and many other world-class partners across nearly 8,000 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 on-air 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.