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Cumulus Media Inc. - CMLS STOCK NEWS

Welcome to our dedicated news page for Cumulus Media (Ticker: CMLS), a resource for investors and traders seeking the latest updates and insights on Cumulus Media.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cumulus Media's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cumulus Media's position in the market.

Rhea-AI Summary
Cumulus Media Inc. reports Q3 operating results with revenue decline of 11% YoY. Digital revenue increases by 7%, representing 18% of total revenue. Net income for Q3 is $2.7 million compared to $8.5 million in Q3 2022. Adjusted EBITDA for Q3 is $26.9 million compared to $46.6 million in Q3 2022. Company's total debt is $675.8 million and net debt is $592.9 million as of September 30, 2023. The sale of WDRQ-FM generates $10.0 million in gross proceeds. Cautious optimism for a market recovery due to improving sentiment from key national advertisers and anticipation of a robust political spending cycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.67%
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Rhea-AI Summary
Cumulus Media announces Rich Eisen as 'Network/Syndicated Personality of the Year' at the 2023 Marconi Radio Awards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.25%
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none
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Rhea-AI Summary
Cumulus Media's Westwood One to provide exclusive play-by-play coverage of NFL primetime games
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
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none
Rhea-AI Summary
Cumulus Media announces collaboration with Rich Eisen for the Cumulus Podcast Network to distribute, market, and monetize podcasts
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
partnership
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Rhea-AI Summary
Westwood One to broadcast the 2023 Black College Football Hall of Fame Classic
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
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none
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Rhea-AI Summary
Cumulus Media Inc. (NASDAQ: CMLS) announced Q2 2023 operating results, reporting $210.1 million in total net revenue, a decline of 11% year-over-year. Digital revenue represented 18% of total revenue, with digital marketing services showing 21% growth year-over-year. The company executed a highly accretive and opportunistic tender offer, resulting in the retirement of approximately 10% of outstanding shares. Adjusted EBITDA was $30.7 million, down from $45.5 million in Q2 2022. The company reported a net loss of $1.1 million, compared to net income of $8.7 million in Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.46%
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Rhea-AI Summary
Cumulus Media's Westwood One has hired David Cohn as Senior Vice President, Sales and Digital Partnerships. Cohn will oversee digital sales for Westwood One nationwide and focus on growing brand partnerships across podcasting. He brings nearly 25 years of media sales experience, including leadership positions at Spotify, Megaphone, Warner Media, Ziff Davis, and WWE.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
partnership
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
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none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.66%
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Cumulus Media Inc.

Nasdaq:CMLS

CMLS Rankings

CMLS Stock Data

52.54M
12.47M
16.32%
46.4%
1.76%
Radio Networks
Information
Link
US
Atlanta

About CMLS

as america's second largest operator of radio stations, cumulus provides high-impact local marketing solutions in 90 metropolitan areas. we introduce businesses of all sizes to our communities of over 150 million listeners via radio, digital media, targeted e-mail and on-site promotions. these solutions help our customers build strong brands and tap into over $4 trillion of local spending power.