Cumulus Media Stock Price, News & Analysis

Cumulus Media (NASDAQ: CMLS) announced the launch of new programming featuring conservative commentator Rich Valdés. The live radio show “Rich Valdés America at Night” will air weeknights from 10 p.m. to 1 a.m. ET, replacing the long-running Jim Bohannon Show. Valdés aims to engage listeners with a mix of news, entertainment, and a town hall format. Additionally, Valdés’ existing podcast This is America will be integrated into the Cumulus Podcast Network. This expansion reflects Cumulus Media's commitment to delivering diverse programming across its platforms.

Cumulus Media (NASDAQ: CMLS) has appointed Steve Gorman, former drummer of The Black Crowes, as the new On-Air Host for the KQ Morning Show at Minneapolis’ KQRS-FM, starting January 9, 2023. Gorman will continue to host his nationally syndicated radio show, Steve Gorman Rocks!, which airs weeknights. Gorman's extensive background in music and radio aims to enhance the station’s programming, with management expressing excitement over his addition to the team.

On December 19, 2022, Dan Bongino hosted a live interview with former President Donald Trump on The Dan Bongino Show. The interview coincided with the January 6 Committee's final meeting to vote on criminal referrals for Trump. Trump described the January 6 Committee as a "kangaroo court," emphasizing that the focus of his speech was the election and perceived fraud. The show is part of a live broadcast on Cumulus Media's Westwood One, airing Monday to Friday from 12 to 3 p.m. ET.

Cumulus Media (NASDAQ: CMLS) has announced that The Shawn Ryan Show, hosted by former U.S. Navy SEAL and CIA Contractor Shawn Ryan, is now part of the Cumulus Podcast Network. The show features long-form interviews with military personnel and experts, discussing important societal issues. With over 900,000 YouTube subscribers, it ranks highly among podcasts, consistently appearing in the top 200 on Apple Podcasts. New episodes will be available bi-monthly on major platforms, and the Cumulus Podcast Network will handle distribution and monetization.

Cumulus Media’s Westwood One will provide exclusive national audio coverage of the Army-Navy Football Game on December 10, 2022, at 2 p.m. ET from Lincoln Financial Field in Philadelphia, PA. The broadcast features play-by-play by John Sadak, analysis from Ross Tucker, and sideline reporting by Tina Cervasio, along with a pregame, halftime, and postgame show hosted by Jason Horowitz.

This significant college football rivalry will be available for streaming via multiple platforms, including WestwoodOneSports.com, TuneIn, SiriusXM, and others.

Cumulus Media's Westwood One is enhancing its collaboration with The Daily Wire by adding “The Matt Walsh Show” to its daily programming block, effective January 2, 2023. This move aims to strengthen conservative media representation by featuring a trio of influential hosts—Ben Shapiro, Matt Walsh, and Michael Knowles—in a three-hour segment from 3 p.m. to 6 p.m. Eastern each weekday. This expansion is part of Cumulus' broader strategy to engage over 250 million listeners monthly across diverse platforms.

Cumulus Media (NASDAQ: CMLS), in collaboration with Signal Hill Insights, released the Podcast Download – Fall 2022 Report, highlighting insights about podcast listeners. The report indicates that most listeners are comfortable with potentially objectionable content and that watchable podcasts are gaining traction, particularly among newcomers. Notably, 20% of podcast listeners with children engage in co-listening, suggesting a family-friendly trend. The study involved 603 respondents, aiming to analyze the evolving preferences within the booming podcast industry.

Cumulus Media announced the passing of veteran broadcaster Jim Bohannon, who hosted 'The Jim Bohannon Show' for over 30 years. He died at 78, leaving a legacy as one of America’s top radio personalities. Bohannon started his career in 1960 and was known for his extensive contributions to radio, including anchoring newscasts and hosting national shows. He received numerous accolades, including being inducted into the National Radio Hall of Fame. He is survived by his wife and daughter. Donations in his memory are encouraged to support veterans.

Cumulus Media reported Q3 operating results with a 2% decline in total revenue, attributed to challenges in national advertising channels. Despite this, digital revenue grew by 5% year-over-year, bolstered by strong performance in digital marketing services and streaming. The company generated $24 million in cash from operations and repurchased $3.9 million in shares, improving net leverage to 3.7x, the lowest in over a decade. Overall, Cumulus remains confident in its strategic initiatives aimed at enhancing shareholder value.