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 (NASDAQ: CMLS) has announced a new original podcast series, 'On the Frontlines with Mark Levin and Yael Eckstein', presented by the International Fellowship of Christians and Jews. The four-part series, launching October 2, 2024, marks veteran broadcaster Mark Levin's first original content series, with Yael Eckstein as co-host.
The podcast will explore Jewish culture, Judeo-Christian values, historical antisemitism, and the events leading to the October 7, 2023 attacks on Israel. Episodes will cover topics such as life in Israel post-attack, the persistence of antisemitism, Israel's history, and Middle East conflicts.
Available on major podcast platforms, the series is produced and distributed by the Cumulus Podcast Network under Westwood One's leadership. Westwood One also syndicates 'The Mark Levin Show' radio broadcast, airing weekdays on nearly 400 radio affiliates across top markets.
Cumulus Media's Westwood One has announced a special live edition of The Dan Bongino Show podcast on September 10, 2024, at 8 p.m. ET. This event coincides with the first presidential debate between Vice President Kamala Harris and former President Donald J. Trump. Dan Bongino will provide real-time commentary and opinions during the debate.
This unique broadcast offers listeners an alternative perspective on the high-stakes political event. By leveraging the popularity of Bongino's show and the timeliness of the presidential debate, Cumulus Media (NASDAQ: CMLS) aims to engage audiences and potentially boost its market presence. The live podcast format allows for immediate reaction and analysis, which could attract viewers seeking additional insights alongside the debate.
Cumulus Media's Westwood One is set to launch its 38th consecutive season as the exclusive primetime network radio partner of the NFL. The coverage for the 2024 season kicks off on September 5 with the defending Super Bowl Champion Kansas City Chiefs hosting the Baltimore Ravens. Notably, the season includes the first-ever NFL game in São Paulo, Brazil, between the Philadelphia Eagles and the Green Bay Packers on September 6.
Westwood One will provide exclusive play-by-play coverage of all NFL primetime regular season games, including Monday Night Football, Thursday Night Football, and Sunday Night Football, as well as special holiday games and the entire postseason. The coverage will culminate with Super Bowl LIX on February 9 in New Orleans, marking the network's 52nd Super Bowl broadcast.
Cumulus Media's Westwood One has announced that The Dan Bongino Show podcast will release a special two-hour edition on August 26, 2024. This coincides with the first day of hearings for the House Republicans' independent investigation into the assassination attempt against former President Donald J. Trump. The investigation is led by Reps. Cory Mills (R-FL) and Eli Crane (R-AZ), joined by other Republican representatives.
Dan Bongino, a former Secret Service Agent, will be one of three witnesses testifying at the forum. The podcast will be recorded at The Heritage Foundation, which is also hosting the forum. Notably, The Dan Bongino Show experienced significant growth in July 2024 as listeners sought Bongino's expertise following the assassination attempt on Trump prior to the Republican National Convention.
Cumulus Media's Westwood One, the largest audio network in the U.S., will provide national audio coverage of the 2024 college football season. The schedule includes 16 regular season games featuring top-20 teams and the Black College Football Hall of Fame Classic. Postseason coverage will include the SEC Championship Game, Army vs. Navy Game, and FCS Championship.
New play-by-play announcer Nate Gatter will be joined by analyst Derek Rackley. The coverage will be available on affiliate stations, WestwoodOneSports.com, TuneIn, the Varsity Network app, and Alexa-enabled devices. The season kicks off on August 24 with SMU vs. Nevada and concludes with the FCS Championship on January 6, 2025.
Cumulus Media (NASDAQ: CMLS) has announced significant leadership changes in its Cumulus Podcast Network. Carolyn Chauncey has been promoted to Senior Vice President of Marketing and Podcasting, taking charge of the network's daily operations, content acquisition, editorial, and production. Chauncey, with nearly 30 years of media experience, will continue to oversee corporate marketing for Cumulus Media, Westwood One, and the Cumulus Podcast Network.
Additionally, Jason Soderberg has been elevated to Vice President of Podcast Operations and Production, managing audio and video production and platform relations. Megan Devine has been promoted to Vice President of Podcast Sales Planning and Yield Optimization to align these functions with revenue-generating activities. These changes aim to strengthen the podcast network's leadership and optimize its operations.
Cumulus Media's Westwood One announced a significant surge in audience numbers for The Dan Bongino Show podcast in July 2024. The show experienced a 40% increase in audio downloads compared to June, totaling 16,382,838 downloads. This growth was attributed to listeners seeking Bongino's expertise as a former Secret Service agent following an assassination attempt on Donald Trump before the Republican National Convention.
The podcast achieved high rankings across major charts, reaching number 2 Overall on Apple Podcasts and number 3 on Spotify's Podcast Charts. In the last two weeks of July, the average download per episode was 30% higher than the previous month. Additionally, Rumble video views increased by 51%, totaling 42,656,001 views in July.
Cumulus Media Inc. (NASDAQ: CMLS) reported Q2 2024 results with total revenue of $204.8 million, down 2.5% year-over-year. The company completed a successful debt exchange, reducing debt obligations by $33 million and extending maturities to 2029. Digital revenue grew 5% to $39.4 million, with digital marketing services up 24%. The company reported a net loss of $27.7 million compared to a $1.1 million loss in Q2 2023. Adjusted EBITDA was $25.2 million, down from $30.7 million in Q2 2023. Cumulus also upsized its ABL facility by 25% to $125 million and extended its maturity to 2029. The company reduced fixed costs by $4 million and continued to strengthen its balance sheet.
Cumulus Media (NASDAQ: CMLS) announced that Dan Bongino will host Republican Vice-Presidential candidate JD Vance on “The Dan Bongino Show” today from 2-3:00 p.m. ET. The live interview will be broadcast on Westwood One terrestrial affiliates and streamed on Bongino.com and affiliated radio stations like WMAL Washington DC. The interview will also be available on The Dan Bongino Show Sunday special podcast on August 4, on platforms such as Apple Podcasts, Spotify, Stitcher, TuneIn, and Google Podcasts. “The Dan Bongino Show” airs live Monday-Friday from 12 to 3 p.m. ET on 340 stations in the U.S.
Cumulus Media Inc. (NASDAQ: CMLS) has announced a conference call scheduled for Friday, August 2nd at 8:30 AM ET to discuss its second quarter 2024 operating results. A press release summarizing these results will be issued at approximately 8:00 AM ET before the call. To participate, interested parties must register in advance using the provided link. The call will also be broadcast live in listen-only mode through the company's investor relations website. For those joining by phone with operator assistance, domestic callers should dial 833-470-1428, while international callers should use 404-975-4839, with the participant access code 044716. Participants are advised to call five to ten minutes in advance to ensure connection prior to the call start time.
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