Cumulus Media Stock Price, News & Analysis

Cumulus Media's Westwood One will provide exclusive audio coverage of the 2025 NCAA Women's College World Series from May 29 to June 6. The broadcasts will be available across multiple platforms including terrestrial radio, SiriusXM, NCAA.com/WCWS, westwoodonesports.com, and various apps. The broadcast team features Ryan Radtke and Chris Plank as play-by-play announcers, alongside analysts Erin Miller (two-time WCWS champion) and Leah Amico (Hall of Famer, three-time WCWS champion). The tournament includes double elimination games starting May 29 with Texas vs. Florida, followed by the Championship Finals best-of-3 series beginning June 4. All games will be broadcast live from USA Softball Hall of Fame Stadium in Oklahoma City, OK, with comprehensive coverage available through various digital platforms including Alexa-enabled devices and TuneIn premium.

Cumulus Media (NASDAQ: CMLS) reported its Q1 2025 financial results, showing challenging performance amid economic headwinds. The company posted total net revenue of $187.3 million, down 6.4% year-over-year, and recorded a net loss of $32.4 million compared to a $14.2 million loss in Q1 2024. Digital revenue grew 6.1% to $36.6 million, representing 20% of total revenue, with digital marketing services up 30%. The company's streaming revenue increased by 4%, while podcasting showed mixed results. Broadcast radio revenue declined 10.6% to $124.9 million. To address challenges, Cumulus implemented cost-reduction measures resulting in $7.5 million of annualized fixed cost savings. The company ended Q1 with $52.7 million in cash and reported total debt of $670.2 million.

Cumulus Media (NASDAQ: CMLS) has scheduled a conference call for Thursday, May 1st, 2025, at 8:30 AM ET to discuss its first quarter 2025 operating results. The company will release a press release containing the results summary approximately 30 minutes before the call at 8:00 AM ET.

Participants must pre-register through a provided link, requiring a one-time email verification through NetRoadshow (NRS). The call will also be broadcast live in listen-only mode through the company's investor relations website. For operator-assisted dial-in, domestic callers should use 833-470-1428, while international callers should dial 404-975-4839, with participant access code 624457.

Cumulus Media (NSDQ: CMLS) announces its subsidiary Westwood One will provide exclusive Spanish-language audio coverage of the 2025 NCAA Men's Final Four and national championship game for the eighth consecutive tournament. The broadcasts, presented by Werner Ladder, will begin on April 5 from San Antonio, featuring Auburn vs Florida, followed by Duke vs Houston. The championship game is scheduled for April 7.

The broadcast team includes Rafael Hernández Brito as play-by-play announcer (eighth year), former All-American Greivis Vásquez as analyst (seventh year), and Carlos Morales, former Puerto Rican National Basketball Team coach, as host (fifth year). Werner Ladder, the official ladder of NCAA Basketball Championships, continues as the presenting sponsor to strengthen its connection with Hispanic basketball fans.

Cumulus Media's Westwood One (NASDAQ: CMLS) will provide exclusive audio coverage of the 2025 NCAA Men's and Women's Final Four and National Championship games. The Men's Final Four coverage begins April 5 at 3:00 p.m. ET from San Antonio, featuring Auburn vs Florida (6:09 p.m. ET) and Duke vs Houston. The championship game is scheduled for April 7 at 8:50 p.m. ET.

The Women's Final Four coverage, presented by Intuit TurboTax, starts April 4 at 6:00 p.m. ET from Tampa, featuring South Carolina vs Texas, followed by UCLA vs UConn. The women's championship game is set for April 6 at 2:30 p.m. ET.

Coverage will be available across multiple platforms including 500+ radio stations, SiriusXM, NCAA March Madness Live, WestwoodOneSports.com, the Westwood One Sports App, The Varsity Network App, and Alexa-enabled devices. Spanish language coverage will also be provided for the men's games.

Cumulus Media's Westwood One (NASDAQ: CMLS) will provide comprehensive audio coverage of the 2025 NCAA Men's Basketball Tournament across multiple platforms. The coverage includes all 67 Division I men's games, starting with First Four on March 18 through the National Championship on April 7.

The broadcasts will be available on 500+ radio stations, SiriusXM, and free streaming platforms including NCAA.com/MarchMadness, WestwoodOneSports.com, Westwood One Sports App, Varsity Network App, and Alexa-enabled devices. Spanish-language coverage will be provided for the Final Four and Championship games.

The broadcast team features Kevin Kugler, Robbie Hummel, and P.J. Carlesimo calling the Final Four and National Championship, alongside a roster of renowned commentators and analysts. The Spanish broadcasts will be led by Rafael Hernandez Brito, with Greivis Vásquez as analyst and Carlos Morales as host.

Cumulus Media (NASDAQ: CMLS) subsidiary Westwood One announces comprehensive coverage of the 2025 NCAA Basketball Conference Championship Week. The network will broadcast 19 NCAA Men's and Women's Basketball games from March 8-16, 2025.

Coverage begins with the Ohio Valley Conference Championship and concludes on Selection Sunday with Ivy League, SEC, and American Athletic Championship games. The broadcast schedule includes major conferences like Big East, CAA, Conference USA, Patriot League, MVC, Big South, SoCon, America East, and WCC games. Women's coverage features Big East and Ivy League championships.

Selection Sunday coverage, revealing the 68-team field for both tournaments, will be hosted by Jason Horowitz with analysts PJ Carlesimo and Debbie Antonelli.

Cumulus Media (NASDAQ: CMLS) announces the launch of The VINCE Show and VINCE podcast on March 17, 2025. The new live radio broadcast, hosted by Vince Coglianese, will be syndicated by Westwood One and air weekdays from 12 to 3 p.m. ET, while a 1-hour podcast will release weekday mornings.

The show will launch with over 250 affiliates, including major market stations in Los Angeles, Chicago, Dallas, San Francisco, Washington DC, and Kansas City. The podcast will be produced by Silverloch Productions and distributed by the Cumulus Podcast Network.

Coglianese, currently a Washington DC-based radio host on WMAL-FM and Editorial Director of The Daily Caller, brings nearly two decades of conservative journalism experience. His previous show 'Mornings on the Mall' reached number one in the DC market, and he is listed among Talkers Magazine's 'Heavy Hundred' most important radio talk show hosts in America.

Cumulus Media (NASDAQ: CMLS) reported its 2024 financial results, showing total net revenue of $827.1 million, a 2.1% year-over-year decline. The company's digital revenue grew 5.3% to $154.2 million, representing 19% of total revenue, with digital marketing services up 27%.

The company recorded a net loss of $283.3 million, compared to $117.9 million loss in 2023, primarily due to a $224.5 million non-cash impairment charge. Adjusted EBITDA was $82.7 million, down from $90.7 million in 2023. The company implemented cost reduction measures expected to result in $43 million in annualized fixed cost savings.

Notable operational highlights include 15% growth in streaming impressions and maintained positioning as a top 10 podcast network. The company ended 2024 with $63.8 million in cash and an undrawn $125.0 million ABL facility.