Welcome to our dedicated page for Cumulus Media news (Ticker: CMLS), a resource for investors and traders seeking the latest updates and insights on Cumulus Media stock.
Cumulus Media Inc. (OTCQB: CMLS) generates a steady stream of news across broadcast radio, national audio networks, and digital podcasting. As an audio-first media company, its announcements often highlight programming changes, talent signings, sports rights coverage, financial results, and corporate governance updates. This news page aggregates coverage so readers can see how Cumulus Media’s strategy and content offerings evolve over time.
Recent news items feature developments at Westwood One, Cumulus Media’s national audio network business, including the unveiling of a 24/7 sports talk lineup and the appointment of an Executive Director to oversee around-the-clock sports programming. Other releases detail Westwood One Sports’ live play-by-play coverage of NFL Wild Card Weekend as the official network audio partner of the NFL, underscoring the company’s long-running role in major sports audio rights.
Cumulus Media’s digital and podcast initiatives also drive headlines. The Cumulus Podcast Network has announced partnerships with the Shots Podcast Network and "Insight with Chris Van Vliet," as well as the relaunch of The Dan Bongino Show as a two-hour daily podcast. These stories show how the company expands its presence in creator-led entertainment, professional wrestling interviews, and opinion-driven talk content.
Investors and industry followers will also find regulatory and financial updates, such as quarterly operating results and Form 8-K filings, along with governance news like the appointment of Carol Flaton to the Board of Directors. By following this CMLS news feed, readers can track programming moves, talent additions, sports coverage plans, and key financial disclosures that shape Cumulus Media’s position in the radio networks and digital audio landscape.
Cumulus Media (NASDAQ: CMLS) will host a conference call on August 3, 2022, at 4:30 PM ET to discuss its Q2 2022 operating results. A press release summarizing these results will be released at approximately 4:00 PM ET before the call. Participants can register for the call via a provided link, and it will also be available for live listening on the company's investor relations website. Cumulus Media delivers audio content through 405 radio stations and a network of over 9,500 affiliated stations, providing significant reach and advertising solutions.
Cumulus Media (NASDAQ: CMLS) announced the launch of the podcast Talk Ville on July 13, 2022, as part of the Cumulus Podcast Network. Hosted by Tom Welling and Michael Rosenbaum, stars of the iconic series Smallville, the podcast will revisit each episode, sharing behind-the-scenes insights. New episodes will be released weekly on platforms like Apple Podcasts and Spotify. This initiative aims to engage fans and capitalize on nostalgia, further expanding Cumulus Media’s content portfolio and audience reach.
Cumulus Media (NASDAQ: CMLS) announced the results of its modified Dutch auction tender offer, which concluded on June 3, 2022. The company repurchased 1,724,137 shares of its Class A common stock at a price of $14.50 per share, totaling approximately $25 million. This transaction accounts for about 8.7% of the outstanding Class A shares and showcases the company’s commitment to its $50 million share repurchase program. A pro rata share process resulted in a proration factor of 16.68% for tendered offers.
Cumulus Media Inc. (NASDAQ: CMLS) announced an amendment to its $100 million revolving credit facility, extending its maturity from 2025 to 2027. As of June 8, 2022, the company had no outstanding amounts under this facility. CEO Mary G. Berner emphasized that this move enhances financial flexibility and locks in a stable liquidity source. This announcement follows the completion of a $25 million tender offer as part of a $50 million share buyback program, showcasing a commitment to shareholder value.
Cumulus Media (NASDAQ: CMLS) has appointed Lisa Waks as Senior VP of Digital Partnerships and Business Development. Waks is tasked with enhancing the Cumulus Podcast Network's content strategy, focusing on key verticals like News, Sports, and Entertainment. With over two decades of experience, she previously led global media partnerships at TED Conferences, streamlining operations and launching the TED Audio Collective. Cumulus Media aims to leverage Waks’ expertise to expand its innovative podcast offerings and deepen listener engagement.
Cumulus Media Inc. (NASDAQ: CMLS) has announced its inclusion in the Russell 3000® Index, effective June 27, 2022, following the annual reconstitution. This index captures the largest U.S. stocks based on market capitalization. Cumulus's CEO, Mary G. Berner, stated that rejoining the index underscores the company's transformation into a multi-dimensional audio media entity and will enhance its visibility to institutional investors. The Russell indexes are crucial for investment strategies, with approximately $12 trillion in assets benchmarked against them.
Cumulus Media Inc. (CMLS) announced the results of its modified Dutch auction tender offer, which expired on June 3, 2022. Approximately 5.56 million shares were validly tendered at a price of $14.50 per share, representing about 29.6% of the outstanding Class A common stock. The company expects to accept around 1.7 million shares for a total cost of approximately $25 million, with a pro-ration factor of about 30.94%. The final number of shares will be confirmed following the settlement period. Morgan Stanley & Co. LLC is the dealer manager for the tender offer.
Cumulus Media's Westwood One is set to broadcast the 2022 Women’s College World Series (WCWS) from June 2 to June 10 at the USA Softball Hall of Fame Stadium in Oklahoma City. The broadcasts will cover every game, including preliminary rounds and the championship series. The play-by-play will be handled by Ryan Radtke and Chris Plank, with analysts Destinee Martinez and Leah Amico. Fans can listen via Westwood One affiliates, SiriusXM, and online platforms including westwoodonesports.com.
Cumulus Media’s Westwood One is set to broadcast the NCAA Men’s and Women’s Lacrosse Semifinals and Championship Games for the first time during Memorial Day weekend. This includes the Women’s National Semifinal and Championship games alongside the Men's events. The Women's matches will take place on May 27 and 29, featuring play-by-play by Cooper Boardman and analyst Alyssa Murray Cometti. The Men's matches will occur on May 28 and 30, with Dave Ryan and Mark Dixon covering the action. Coverage can be accessed via Westwood One affiliates and online streaming.
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