Dan Bongino Returns To the Cumulus Podcast Network With the Relaunch of The Dan Bongino Show

Rhea-AI Summary

Cumulus Media (OTCQB: CMLS) announced the relaunch of The Dan Bongino Show, returning as a two-hour daily podcast starting February 2, 2026 and airing Monday–Friday from 10:00 AM–12:00 PM ET. The video livestream will be exclusive to Rumble and recorded audio will be available on all major podcast platforms. Westwood One is the exclusive sales partner for the show. The relaunch follows Bongino stepping away in March 2025 to join the Trump administration as Deputy Director of the FBI and represents his largest digital commitment to date, with a format focused on headline analysis, interviews, cultural commentary, and audience segments.

News Market Reaction

-11.81%

1 alert

-11.81% News Effect

On the day this news was published, CMLS declined 11.81%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Show launch date: February 2, 2026 Q3 2025 net revenue: $180.3 million Q3 2025 net loss: $20.4 million +5 more

8 metrics

Show launch date February 2, 2026 Relaunch of The Dan Bongino Show as two-hour daily podcast

Q3 2025 net revenue $180.3 million Quarterly revenue, down 11.5% year over year

Q3 2025 net loss $20.4 million Compared with $10.3 million net loss a year ago

Q3 2025 Adjusted EBITDA $16.7 million Down from $24.1 million in prior-year quarter

Royalty settlements accrual $8.0 million Accrued for ASCAP and BMI royalty settlements in Q3 2025

9M 2025 revenue $553.6 million First nine months revenue, down 9.0% year over year

9M 2025 net loss $65.6 million Net loss for first nine months of 2025

Cash and equivalents $90.4 million Cash balance as of September 30, 2025

Market Reality Check

Price: $0.0964 Vol: Volume 38,154 vs 20-day a...

low vol

$0.0964 Last Close

Volume Volume 38,154 vs 20-day average 125,778 (relative volume 0.3, below typical activity). low

Technical Shares at 0.127, trading below the 200-day MA of 0.16 despite today’s gain.

Peers on Argus

CMLS gained 17.48% while peers were mixed: SBSAA up 3.08%, FHLD down 9.28%, SALM...

CMLS gained 17.48% while peers were mixed: SBSAA up 3.08%, FHLD down 9.28%, SALM slightly down 0.26%, others flat. Moves diverge from broad sector action, pointing to a stock-specific catalyst.

Historical Context

5 past events · Latest: Dec 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 18	Sports lineup launch	Positive	-17.0%	Westwood One Sports unveiled a new 24/7 sports talk lineup.
Dec 03	Host addition	Positive	-1.5%	Drake C. Toll named host of a new Westwood One morning show.
Nov 14	Syndicated show host	Positive	-11.6%	McGraw Milhaven to host nationally syndicated America at Night.
Nov 12	Network partnership	Positive	+0.0%	Shots Podcast Network joined Cumulus Podcast Network via Westwood One.
Nov 06	Podcast partnership	Positive	-12.1%	INSIGHT with Chris Van Vliet added to Cumulus Podcast Network lineup.

Pattern Detected

Recent content and talent announcements have generally been followed by negative price reactions, suggesting a pattern of weak or adverse trading responses to similar "growth" news.

Recent Company History

Over the past few months, Cumulus has focused on expanding its audio and podcast footprint through Westwood One. Announcements included a new 24/7 sports talk lineup (Dec 18, 2025), adding Drake C. Toll for mornings (Dec 3, 2025), McGraw Milhaven hosting America at Night (Dec 1, 2025 start), Shots Podcast Network joining the Cumulus Podcast Network, and Chris Van Vliet’s INSIGHT podcast partnership. Despite these strategic content moves, the stock often traded down following the news.

Market Pulse Summary

The stock dropped -11.8% in the session following this news. A negative reaction despite this relaun...

Analysis

The stock dropped -11.8% in the session following this news. A negative reaction despite this relaunch news would fit a pattern where Cumulus’s expansion and talent announcements did not translate into supportive trading, as seen around prior Westwood One lineup updates. With Q3 2025 revenue at $180.3 million and a widened net loss of $20.4 million, investors could remain focused on underlying fundamentals rather than incremental content moves.

Key Terms

schedule 13g, 10-q, 8-k, revolving credit facility

4 terms

schedule 13g regulatory

"Barclays PLC filed a Schedule 13G reporting a passive stake in Cumulus Media"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

10-q regulatory

"[10-Q] CUMULUS MEDIA INC Quarterly Earnings Report"

A 10-Q is a company’s required quarterly filing with U.S. regulators that provides updated financial statements, management discussion of results, and disclosures about risks, legal matters and operational changes. Think of it as a quarterly report card and progress update that lets investors track recent performance, spot trends or warning signs between annual reports, and make informed buy/sell decisions based on the latest verified financial and business information.

8-k regulatory

"[8-K] CUMULUS MEDIA INC Reports Material Event"

An 8-K is a public report companies must file with the U.S. Securities and Exchange Commission to disclose major events or changes that shareholders should know about, such as leadership changes, mergers, financial surprises, or legal developments. It matters to investors because it acts like a breaking-news alert for a company’s health and prospects—providing timely facts that can affect stock value and investment decisions.

revolving credit facility financial

"had $59.3 million outstanding under its $125.0 million 2020 Revolving Credit Facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

AI-generated analysis. Not financial advice.

Two-Hour Daily Program Drops February 2, 2026 at 10:00 am ET

NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Cumulus Media (OTCQB: CMLS), one of the largest audio creators and distributors, today announced Dan Bongino’s return to the podcasting world with the relaunch of The Dan Bongino Show. Beginning February 2, 2026, The Dan Bongino Show will be a two-hour podcast that will drop daily, Monday – Friday from 10 – 12 pm ET. The video livestream will be available exclusively on Rumble with recorded audio available on all major podcast platforms. Westwood One is the exclusive sales partner for The Dan Bongino Show.

In March 2025, Bongino stepped away from his flagship radio show and podcast to join President Trump’s administration as the Deputy Director of the FBI. This past week, Bongino announced his return to his podcast, with new insights, a sharp message, fiery debates and a perspective few can offer.

The relaunch marks Bongino’s most extensive digital commitment to date, designed to meet increasing audience demand for long-form and in-depth content. The two-hour format strengthens the show’s position as a major voice in independent media, offering a highly engaging, daily destination for listeners seeking headline analysis, guest interviews, cultural commentary, and special “Bongino Army” segments.

“I'm excited to get back behind the mic and reconnect directly with the audience,” said Bongino. “This show has always been about cutting through the noise and talking honestly about what matters. We’re coming back bigger, bolder, and always unfiltered — exactly how people want it.”

Collin Jones, President of Westwood One and the Cumulus Podcast Network, praised Bongino’s return: “Dan Bongino is back! Few voices in talk media command the loyalty and firepower that Dan brings. His audience? Formidable. His influence? Undeniable. This promises to be an incredible journey as Dan drives the national conversation daily on the most important issues at hand, with authority that has been hard-fought and well-earned. Westwood One is beyond proud to help power the next chapter of The Dan Bongino Show.”

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 395 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, AP News, the Academy of Country Music Awards, and many other world-class partners 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.

Contacts:   
Cumulus Media | Westwood One: Lisa Dollinger Strategic Communication lisa@dollcomm.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d59ec6fe-8a83-4f9d-919f-bdd6badd1a53

FAQ

When does The Dan Bongino Show relaunch and what is the schedule for CMLS?

The show relaunches February 2, 2026 and will drop daily Monday–Friday from 10:00 AM–12:00 PM ET.

On which platforms will The Dan Bongino Show be available and how does CMLS distribute it?

Video livestream is exclusive to Rumble; recorded audio will appear on all major podcast platforms, with Westwood One as the exclusive sales partner.

What format and content focus will the relaunch of The Dan Bongino Show on CMLS have?

The show adopts a two-hour long-form format focusing on headline analysis, guest interviews, cultural commentary, and special audience segments.

How is this relaunch described in terms of Dan Bongino’s digital commitment for CMLS?

The relaunch is described as Bongino’s most extensive digital commitment to date, aimed at meeting demand for long-form, in-depth content.

What prior role did Dan Bongino leave before returning to podcasting as noted by CMLS?

Bongino stepped away in March 2025 to join the Trump administration as Deputy Director of the FBI before announcing his podcast return.