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The company reports net revenue of $200.1 million in the first quarter of 2024, a decrease of 2.7% from the same period in 2023. Cumulus CEO Mary Berner states, “While our Q1 revenue was in line with guidance and a marked improvement from 2023 trends, it is also reflective of the uncertainty that continues to…
As Cumulus Media Group announces its 2024 first quarter operating results today (5/3), it also reveals that it has refinanced its capital structure. Cumulus CEO Mary Berner states, “We are thrilled to have refinanced our capital structure to secure five-year maturities with favorable terms through a successful debt exchange and ABL Facility upsize and extension.…
Cumulus Media announces that Collin Jones adds the role of president of Westwood One to his responsibilities, effective January 1, 2024. Jones, who also holds the title, EVP of corporate strategy & development for Cumulus Media, takes over for Suzanne Grimes who has decided to “embark on the next chapter of her career after eight…
Cumulus Media Inc. (NASDAQ:CMLS) Q3 2023 Earnings Call Transcript October 27, 2023 Cumulus Media Inc. beats earnings expectations. Reported EPS is $0.16, expectations were $-0.34. Operator: Good morning. Welcome to the Cumulus Media Quarterly Earnings Conference Call. I will now turn it over to Collin Jones, Executive Vice President of Strategy and development. Sir, you […]
Key Insights Significantly high institutional ownership implies Cumulus Media's stock price is sensitive to their...