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Cumulus Media’s Westwood One and the NCAA Renew Audio Media Partnership

(Moderate)
(Very Positive)
Tags
partnership

Cumulus Media’s Westwood One (OTCQB: CMLS) and the NCAA signed a multi-year renewal preserving Westwood One as the official network audio broadcast partner for multiple NCAA championships.

Under the agreement Westwood One retains exclusive radio and digital audio distribution and licensing rights for NCAA Men’s and Women’s Basketball Tournaments, NIT, WBIT, and Men’s and Women’s College World Series, with live coverage across affiliates, Sirius/XM, westwoodonesports.com, the Westwood One Sports app, and NCAA March Madness Live.

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Positive

  • Exclusive audio rights for major NCAA championships (multi-year renewal)
  • Omni-platform distribution including radio affiliates, Sirius/XM, app, and streaming
  • Long-standing relationship—Westwood One has broadcast NCAA Men’s Tournament since 1982

Negative

  • None.

Market Context

This announcement extends Westwood One’s long-standing NCAA relationship, securing exclusive audio r...
Analysis

This announcement extends Westwood One’s long-standing NCAA relationship, securing exclusive audio rights to major basketball tournaments and College World Series events on radio and digital platforms. It builds on prior partnerships in sports and digital distribution, reinforcing a strategy centered on premium live content. Investors may watch how effectively Cumulus monetizes these rights across affiliates and apps, and how such deals coexist with the ongoing restructuring and balance-sheet reorganization disclosed in recent filings.

Key Figures

NCAA coverage start: 1982 Full March Madness coverage start: 2005
2 metrics
NCAA coverage start 1982 Westwood One has broadcast the NCAA Men’s Basketball Tournament since 1982
Full March Madness coverage start 2005 Every game of NCAA March Madness broadcast on multiple platforms since 2005

Previous Partnership Reports

2 past events · Latest: Jan 12 (Positive)
Same Type Pattern 2 events
Date Event Sentiment 24h Move Catalyst
Jan 12 NFL sponsorship partnership Positive -11.8% 20-year Barbasol sponsorship milestone for NFL audio coverage on Westwood One.
Aug 05 Digital media partnership Positive +3.0% Strategic partnership with Rumble to expand digital content distribution and monetization.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Partnership announcements have produced mixed reactions, with one positive move and one notable selloff, and an average same-tag move of -4.41%.

Recent Company History

Recent news for CMLS combines major sports-audio rights, new content initiatives, and significant balance sheet stress. Earlier releases highlighted Super Bowl LX coverage and college basketball championship broadcasts, while a restructuring support agreement filed on Mar 5, 2026 sought to eliminate roughly $600 million of debt through a prepackaged Chapter 11 process. Within partnership-focused history, Cumulus emphasized long-running sponsorships such as Barbasol’s NFL tie-up and a strategic digital alliance with Rumble, framing today’s NCAA renewal as part of a broader strategy around premium sports and digital distribution.

Key Terms

digital audio distribution, licensing rights
2 terms
digital audio distribution technical
"retains exclusive broadcast radio and digital audio distribution and licensing rights"
Digital audio distribution is the delivery of sound content—music, podcasts, audiobooks, or radio—over the internet and electronic platforms for immediate listening or download. For investors it matters because it converts creative work into measurable revenue streams, data about audience size and behavior, and ongoing licensing costs or royalties; like a delivery network for goods, the reach, fees and platform control determine how much money and growth a content owner can capture.
licensing rights financial
"digital audio distribution and licensing rights for the following NCAA Championships"
Licensing rights are the permission a company grants to others to use its products, technology, brand names, patents or processes in exchange for payment or other terms. Think of it like leasing a house or lending a copyrighted recipe: the owner keeps ownership while the licensee gets limited use. For investors, licensing rights matter because they create predictable revenue streams, affect a company’s growth potential and value, and can carry risks tied to exclusivity and contract length.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Long-term Agreement Secures Audio Rights for NCAA Men’s & Women’s Basketball Tournaments, Men’s & Women’s College World Series, the NIT and WBIT

ATLANTA, March 18, 2026 (GLOBE NEWSWIRE) -- Cumulus Media’s Westwood One (OTCQB: CMLS), one of the largest audio networks in America, and the National Collegiate Athletic Association (NCAA) have entered into a multi-year renewal, maintaining Westwood One’s place as the official network audio broadcast partner of the NCAA for several years to come. Westwood One has broadcast the NCAA Men’s Basketball Tournament since 1982 and every game of NCAA March Madness® on multiple platforms since 2005.

Under the terms of the deal, Westwood One retains exclusive broadcast radio and digital audio distribution and licensing rights for the following NCAA Championships: NCAA Men’s and Women’s Basketball Tournaments, NIT, WBIT, and Men’s and Women’s College World Series.

“Westwood One has been an exceptional partner in bringing NCAA championships to fans across the country,” said Nate Flannery, Director of Championships, Digital at the NCAA. “Their long‑standing commitment to comprehensive, high‑quality audio coverage makes it possible for fans to experience the excitement of our championships wherever they are. We’re pleased to extend this relationship and continue providing access to NCAA events for millions of listeners nationwide.”

“We’re thrilled to extend our partnership with the NCAA and continue bringing the power, passion, and pageantry of college sports to fans nationwide,” said Collin Jones, President, Westwood One and EVP, Corporate Strategy & Development, Cumulus Media. “This renewed agreement reflects the unmatched reach of Westwood One’s audio network and our shared commitment to elevating the championship experience for athletes, schools, and listeners everywhere. The best moments in college sports are still ahead—and we can’t wait to deliver them.”

All live coverage is available on Westwood One affiliates, Sirius/XM Satellite Radio, streamed online at westwoodonesports.com, the Westwood One Sports app, and on other platforms including NCAA March Madness Live.

NCAA, Final Four, March Madness, and College World Series are trademarks of the National Collegiate Athletic Association.

About Westwood One Sports

Westwood One Sports is home to some of the most exciting sports broadcasts on radio. In addition to being the exclusive national audio broadcaster of the NFL since 1987 – featuring regular and post-season NFL football, including the playoffs and the Super Bowl – its other extensive properties include NCAA Basketball, including the NCAA Men’s and Women’s Tournaments and the Final Four®; NCAA Football; The Masters; US Soccer; and other marquee sporting events. On social media, join the Westwood One Sports community on Facebook at facebook.com/westwoodonesports, Instagram at instagram.com/westwoodonesports, and X at x.com/westwood1sports. For more information, visit www.westwoodonesports.com.  

About Cumulus Media 

Cumulus Media (OTCQB: CMLS) is an audio-first media company delivering premium content to a quarter billion people every month — wherever and whenever they want it. Cumulus Media engages listeners with high-quality local programming through 393 owned-and-operated radio stations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, across more than 7,800 affiliated stations through Westwood One, a leading national audio network; and inspires listeners through the Cumulus Podcast Network, an established and influential platform for 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. For more information visit www.cumulusmedia.com.

About the NCAA

The National Collegiate Athletic Association provides a world-class athletics and academic experience that fosters lifelong well-being for more than 520,000 student-athletes annually. The NCAA stages 92 championships across three divisions, and its 1,100 member schools provide nearly $4 billion in athletics scholarships every year. Visit ncaa.org and ncaa.com for more.

Contact: Lisa Dollinger, Dollinger Strategic Communication, for Cumulus Media | Westwood One, lisa@dollcomm.com, and 512.633.4084.  


FAQ

What rights did Westwood One (CMLS) renew with the NCAA on March 18, 2026?

Westwood One renewed exclusive broadcast radio and digital audio rights for multiple NCAA championships. According to the company, rights cover Men’s and Women’s Basketball Tournaments, NIT, WBIT, and Men’s and Women’s College World Series, across radio, Sirius/XM, apps, and streaming.

How long has Westwood One (CMLS) broadcast the NCAA Men’s Basketball Tournament?

Westwood One has broadcast the NCAA Men’s Basketball Tournament since 1982. According to the company, it has carried every March Madness game across multiple platforms since 2005, reflecting a decades-long audio partnership with the NCAA.

Where will live NCAA coverage from Westwood One (CMLS) be available to listeners?

Live coverage will be available on Westwood One affiliates, Sirius/XM, westwoodonesports.com, the Westwood One Sports app, and NCAA March Madness Live. According to the company, the agreement preserves distribution across radio and major digital audio platforms.

Does the CMLS renewal include both men’s and women’s NCAA events?

Yes. The renewal includes both men’s and women’s basketball tournaments and College World Series. According to the company, the deal explicitly covers Men’s and Women’s Basketball Tournaments, Men’s and Women’s College World Series, plus NIT and WBIT.

What is the strategic significance of the NCAA renewal for Westwood One (CMLS)?

The renewal secures long-term exclusive audio rights to marquee college events, preserving audience reach and advertiser inventory. According to the company, this extends Westwood One’s national distribution and reinforces its role as the official NCAA audio broadcast partner.

Will NCAA March Madness audio still stream on NCAA platforms after the CMLS renewal?

Yes. Audio will remain available on NCAA March Madness Live alongside Westwood One platforms. According to the company, coverage is distributed across Westwood One affiliates, Sirius/XM, the company’s app and website, and NCAA streaming services.