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. reports developments across its audio-first media business, including local radio stations, the Westwood One national audio network, and the Cumulus Podcast Network. Company updates cover operating results, advertising demand, syndicated sports, news, talk, and entertainment programming, and distribution partnerships for broadcast and digital audio.
Recurring news also includes Westwood One sports-rights coverage for NCAA championships and other national brands, as well as corporate actions tied to Cumulus Media's Chapter 11 reorganization and capital structure.
Cumulus Media's (NASDAQ:CMLS) Westwood One, America's largest audio network, will broadcast live coverage of NFL Championship Sunday on January 26th, 2025, sponsored by Intuit TurboTax. The coverage includes two championship games: Washington Commanders vs Philadelphia Eagles at 2:00pm ET, and Buffalo Bills vs Kansas City Chiefs at 6:30pm ET.
This marks Westwood One's 38th consecutive year as the NFL's official audio partner. Scott Graham will host pre-, half-, and post-game coverage for the 16th consecutive season. The broadcasts will be available on approximately 500 radio stations nationwide, westwoodonesports.com, SiriusXM, NFL+, and the NFL App.
Cumulus Media (NASDAQ: CMLS) has appointed Steven M. Galbraith, one of its largest shareholders, to its Board of Directors. Galbraith is currently a managing member of Kindred Capital Advisors , which holds significant shares in Cumulus. His extensive financial background includes roles as managing member of Herring Creek Capital, partner at Maverick Capital, and Chief Investment Officer at Morgan Stanley.
Galbraith's appointment brings valuable investment management expertise to the board. He previously served as an Adjunct Professor at Columbia University Business School and advisor to the Office of Financial Research. His current board positions include Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science, and Said Holdings
Cumulus Media's (NASDAQ:CMLS) Westwood One continues its role as the NFL's official audio partner for the 38th consecutive year, broadcasting the NFL Divisional Round games on January 18-19, 2025. The coverage, sponsored by Intuit TurboTax, includes four major matchups: Houston Texans vs. Kansas City Chiefs, Washington Commanders vs. Detroit Lions, Los Angeles Rams vs. Philadelphia Eagles, and Baltimore Ravens vs. Buffalo Bills.
The broadcasts will be available on approximately 500 radio stations nationwide, as well as on westwoodonesports.com, SiriusXM, NFL+, and the NFL App. Scott Graham will host the pre-, half-, and post-game coverage for the 16th consecutive season, supported by various commentators including Kevin Harlan, Ross Tucker, and Ian Eagle among others.
Cumulus Media's (NASDAQ:CMLS) Westwood One, celebrating its 38th consecutive year as the NFL's official audio partner, will broadcast live play-by-play coverage of all six NFL Wild Card Weekend games from January 11-13, 2025. The coverage includes:
- Saturday: Chargers vs. Texans (4:00 PM ET) and Steelers vs. Ravens (8:00 PM ET)
- Sunday: Broncos vs. Bills (12:30 PM ET), Packers vs. Eagles (4:15 PM ET), and Commanders vs. Buccaneers (8:00 PM ET)
- Monday: Vikings vs. Rams (7:30 PM ET)
Scott Graham will host pre-, half-, and post-game coverage for Saturday and Sunday games, while Rich Eisen will handle pre- and halftime coverage for Monday's game. Broadcasts will be available on approximately 500 radio stations, westwoodonesports.com, SiriusXM, NFL+, and the NFL App.
Cumulus Media's Westwood One (NASDAQ: CMLS) announces an exclusive partnership to syndicate and distribute 'The Jim Rome Show'. Starting January 6, 2025, the show will move to a new time slot of 3:00pm – 6:00pm EST / Noon to 3:00pm PST. Rome, known for his aggressive and informed sports commentary, will continue broadcasting LIVE weekdays.
The partnership enhances Westwood One's sports programming portfolio. The show currently streams live on X (formerly Twitter) and has recently launched a Fast Channel with A+E Networks, available across seven major platforms including Amazon Freevee, DIRECTV, and Samsung TV Plus.
Cumulus Media's Westwood One announces the launch of 'Country Nights Live with Bev Rainey', a new five-hour nightly Country music radio show broadcasting live from Nashville. The show, hosted by award-winning personality Bev Rainey, will air seven days a week from 7:00pm to Midnight, starting December 31, 2024. The program will feature chart-topping Country music, interviews with top stars, emerging talent, Music City news, and interactive fan engagement across U.S. markets.
Westwood One announced changes to its syndicated show 'American Country Countdown'. After 18 years, host Kix Brooks will conclude his run on December 28-29, 2024. Ryan Fox, currently a morning show host at Dallas' 99.5 The Wolf, will take over as the new host starting January 4-5, 2025. The show, heard on over 300 stations across the U.S., will feature contemporary country stars and continue delivering top hits, exclusive interviews, and backstage stories. Fox brings over 20 years of country radio experience from major markets including Los Angeles and Dallas.
Cumulus Media (NASDAQ: CMLS) has announced a new original podcast series, 'Liberty and Learning with Mark Levin and Larry Arnn'. The 10-part series features veteran broadcaster Mark Levin and Hillsdale College President Dr. Larry Arnn exploring U.S. founding principles and self-governance.
The podcast will address current national issues through the lens of constitutional government, covering topics like education, borders, citizenship, and separation of powers. The series is available on The Mark Levin Show podcast feed across major platforms, distributed through Westwood One and the Cumulus Podcast Network.
Cumulus Media (NASDAQ: CMLS) reported Q3 2024 financial results with total net revenue of $203.6 million, down 1.8% year-over-year. The company's digital revenue grew 7.5% to $40.0 million, with digital marketing services increasing by 38%. However, the company recorded a net loss of $10.3 million compared to net income of $2.7 million in Q3 2023. Broadcast radio revenue declined 5.0% to $138.9 million, while digital revenue now represents 20% of total company revenue. The company generated $3.9 million in cash from operations and reported total debt of $673.0 million at quarter-end.
Cumulus Media Inc. (NASDAQ: CMLS) has announced a conference call scheduled for Friday, November 1st at 8:30 AM ET to discuss its third 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. Upon registration, participants will receive call access details, including a unique PIN, and replay information.
The conference call will also be broadcast live in listen-only mode through the company's investor relations website. A recording of the call will be available shortly after its completion. For operator-assisted dial-in, domestic callers should use 833-470-1428, while international callers should dial 404-975-4839, with the participant access code 535839.