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.
The Varsity Network app by LEARFIELD will provide live audio streams of Westwood One's NCAA Championships coverage, enhancing college sports access for fans. This multi-year agreement allows listeners to enjoy broadcasts of March Madness and additional NCAA events. The app offers a unique listening experience, including the Varsity Multicast for all basketball tournament radio broadcasts. Fans can download the app for free on iPhone or Android, giving access to events from nearly 200 affiliated schools. This collaboration aims to elevate content delivery in college sports.
Cumulus Media's Westwood One will provide comprehensive coverage of the NCAA Division I Men's Basketball Championship, starting March 15, 2022. The broadcasts include all 67 games, featuring the Final Four on April 2 and the National Championship on April 4, available in both English and Spanish. Coverage can be accessed via over 500 radio stations, SiriusXM, and various online platforms, including NCAA.com. Notable commentators include Kevin Kugler, PJ Carlesimo, and Clark Kellogg.
Cumulus Media (NASDAQ: CMLS) has announced the expansion of its NCAA Women’s Championship event broadcasts through its Westwood One network, marking a significant increase in coverage for women's sports. The broadcasts will feature key events including the Women’s Frozen Four, Division I Women’s Lacrosse Championship, and the Women’s Basketball Tournament, commencing on March 18, 2022. Fans can listen via various platforms such as AM/FM radio, SiriusXM, and online. This initiative aims to enhance visibility and accessibility for women's championships.
Cumulus Media (NASDAQ: CMLS) has released a report highlighting the significant dominance of AM/FM radio in ad-supported audio among registered voters. Key findings include a staggering 75% market share for AM/FM radio in this demographic and an 88% share of ad-supported audio in cars. While AM/FM radio remains stable, podcasts have nearly doubled in audience share from 2019 to 2021, contrasting with a 25% decline for Pandora. The report underscores the importance of radio, particularly in automotive and smart speaker platforms.
Cumulus Media (NASDAQ: CMLS) announces its broadcast coverage of 23 NCAA Men's and 3 Women's Championship basketball games between March 5 and March 13, 2022, through its audio network Westwood One. Coverage begins with the Ohio Valley Conference Championship and includes key games from various conferences, culminating in Selection Sunday. Westwood One remains the exclusive audio partner for NCAA basketball tournaments, enhancing the sport's reach and engagement across its platforms.
Cumulus Media (NASDAQ: CMLS) has released its Media Attentiveness and Ad Skipping Report, highlighting that AM/FM radio outperforms other media in advertising attentiveness with minimal ad skipping. Key findings indicate that traditional media, including radio and podcasts, achieves higher consumer engagement than digital platforms. Advertisers increasingly recognize the importance of attentiveness in measuring media effectiveness. The report also emphasizes the unique user needs met by audio platforms, justifying premium CPMs for podcasts. The research was conducted by Advertiser Perceptions and compared to previous studies.
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.