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. (NASDAQ: CMLS) serves as a cornerstone of the evolving audio media landscape, operating 400+ radio stations while expanding into podcasting and digital solutions. This dedicated news hub provides investors and industry observers with comprehensive updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated analysis covering earnings reports, content partnerships, and market positioning within the competitive media sector. The resource consolidates critical updates ranging from Westwood One syndication deals to podcast network expansions, ensuring stakeholders maintain informed perspectives on this audio-first innovator.
Regular updates include coverage of leadership changes, advertising innovations, and responses to industry trends affecting radio broadcasting and digital audio consumption. All content undergoes rigorous verification to ensure accuracy and relevance for financial decision-making.
For consistent access to Cumulus Media's latest developments, bookmark this page or check back regularly for real-time updates impacting one of America's largest radio broadcasters and audio content providers.
Cumulus Media reported a 12% increase in total revenue for 2021, amounting to $916.5 million, with digital revenue rising 48% to over $125 million. The company's net income surged to $17.3 million, compared to a net loss of $59.7 million in 2020. Adjusted EBITDA reached $134.9 million, a 66% year-over-year increase. Cumulus made significant strides in digital content distribution and renewed its exclusive partnership with the NCAA, enhancing its audio-first strategy. The company also reported a reduction in net leverage from 8.7x to 4.7x.
Cumulus Media (NASDAQ: CMLS) has launched the acclaimed podcast Truth Be Told and introduced a new show, Edges, on its podcast network. Truth Be Told, hosted by Tonya Mosley, explores themes of Black identity and mental health with renowned guests. Season three's episodes cover topics like love, obligation, and perseverance. Edges, hosted by Shantae Howell, shares personal stories linking hair and mental health journeys. Both podcasts are available on major platforms, enhancing Cumulus's portfolio in mental health and community-focused content.
Cumulus Media (NASDAQ: CMLS) will provide live coverage of Super Bowl LVI on February 13, 2022, featuring the Cincinnati Bengals and Los Angeles Rams. This marks the 35th consecutive year for Westwood One to broadcast the event. Kevin Harlan will lead the play-by-play for the 12th year, joined by Hall of Famer Kurt Warner as lead analyst. Coverage begins at 2:00 p.m. ET with a pregame show, followed by the game broadcast at 5:00 p.m. ET. The event will reach millions via over 600 radio stations and platforms like SiriusXM and NFL Game Pass.
Cumulus Media (NASDAQ: CMLS) has announced a partnership with political news network The Bulwark, enabling Cumulus to monetize and distribute all existing and upcoming podcasts from The Bulwark. This agreement also marks the first time The Bulwark's shows will be monetized. Key podcasts involved include The Bulwark Podcast, Beg to Differ, The Focus Group, and The Bulwark Goes to Hollywood. Cumulus aims to leverage this partnership to capitalize on significant audience growth, especially during an upcoming election cycle.
Cumulus Media (NASDAQ: CMLS) will host a conference call on February 23rd at 4:30 PM ET to discuss its Q4 and full-year 2021 operating results. A press release summarizing these results will be available at approximately 4:00 PM ET the same day. Participants can register for the call via a provided link, with access details sent post-registration. The call will also be live-streamed on the company's investor relations website and available for replay shortly after its conclusion. Investors are encouraged to join by calling in advance to ensure connectivity.
Westwood One, the official radio partner of the NFL, announces doubleheader coverage for the AFC and NFC Championship Games on January 30, 2022. The broadcast begins at 2:00 p.m. ET, featuring the Cincinnati Bengals versus the Kansas City Chiefs in the AFC Championship, followed by the San Francisco 49ers against the Los Angeles Rams in the NFC Championship at 6:15 p.m. ET. Scott Graham will host the pregame and postgame shows. Listeners can tune in via nearly 500 radio stations, SiriusXM, and NFL Game Pass.
Cumulus Media (NASDAQ: CMLS) has released its latest NCAA Men’s Basketball Listening Report, revealing that 33 million people tune in each season via Westwood One. Notably, 59% of the NCAA audience aged 18-34 listens through this platform, surpassing linear television viewership. The audio coverage enhances advertising strategies, providing incremental reach of 19% and frequency for NCAA TV campaigns. Westwood One's broadcasts include over 350 hours of live basketball, catering to diverse fans through multiple platforms.
Cumulus Media’s Westwood One is set to broadcast all six NFL Super Wild Card Playoff games from January 15 to January 17, 2022. This includes two games on Saturday, three on Sunday, and the first-ever Monday night playoff game. Hosted by notable sports broadcasters, the coverage can be accessed nationwide on nearly 500 radio stations, SiriusXM, and NFL Game Pass. Westwood One continues its tradition as the exclusive radio partner for the NFL, broadcasting every postseason game leading up to Super Bowl LVI on February 13, 2022.
Cumulus Media is set to launch a new evening show titled “Eliott & Nina” on January 17, 2022. The show will air weeknights from 7 p.m. to 12 midnight, targeting young adults with contemporary hits and engaging content. Hosted by Eliott and Nina, both experienced radio professionals, the show aims to redefine nighttime CHR with humor and cultural relevance. Cumulus Media's Westwood One offers this nationally syndicated program, contributing to its extensive reach across 7,300 affiliated radio stations.
Cumulus Media's Dallas radio stations raised $1,767,990 for DFW Metroplex charities in 2021, significantly supporting local non-profits through various events and promotions. Key fundraising initiatives included the Country for the Kids Radiothon, which raised $630,000 for Cook Children’s Medical Center, and WBAP’s Christmas is Caring Radiothon, which generated over $212,000 for the Denton State Supported Living Center. The company demonstrates a commitment to community engagement and charity, highlighting the efforts of its staff and listeners.
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