Every 8-K that CUMULUS MEDIA INC A (CMLS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CMLS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CMLS filings page.
Cumulus Media Inc. reported second quarter 2026 operating results while progressing through a Chapter 11 reorganization. For the three months ended June 30, 2026, net revenue was $167.9 million, down 9.7% year over year, with a net loss of $9.2 million and Adjusted EBITDA of $16.0 million. For the six-month period, net revenue was $332.4 million, down 11.0%, with a net loss of $26.1 million and Adjusted EBITDA of $18.7 million. The company noted that net loss improved substantially versus 2025, while Adjusted EBITDA declined. Broadcast radio revenue fell double digits, while digital revenue was roughly flat and other revenue was mixed. The company’s plan of reorganization has been confirmed by the Bankruptcy Court, and it expects the plan to become effective after FCC approval and other conditions are satisfied.
Cumulus Media Inc. reports that the U.S. Bankruptcy Court has confirmed its joint prepackaged Chapter 11 reorganization plan. The company expects the plan to become effective after Federal Communications Commission and other regulatory approvals.
As of April 3, 2026, Cumulus had 17,668,032 shares of common stock outstanding. Under the plan, all existing common shares and related equity interests will be cancelled on the effective date with no distribution, while new common stock, Special Warrants and Exit Convertible Notes will be issued to creditors. The new common stock is not expected to be listed on any securities exchange or registered under the Securities Act.
A company press release states the plan is expected to eliminate approximately $600 million of debt and strengthen the balance sheet. On the effective date, Cumulus intends to file Form 15 to deregister its common stock and immediately suspend SEC periodic reporting. The filing also details amended employment agreements for the CEO and CFO, reduced base salaries, revised severance multiples, and a new management incentive plan reserving 10% of the new common stock for awards.
Cumulus Media Inc. reported weaker results for the three months and year ended December 31, 2025, while pursuing a prepackaged Chapter 11 restructuring begun on March 5, 2026. Full-year net revenue was $741.7M, down 10.3%, with a net loss of $200.7M and Adjusted EBITDA of $52.0M versus $82.7M in 2024.
In the fourth quarter, net revenue was $188.1M, down 14.0%, with a net loss of $135.1M and Adjusted EBITDA of $9.5M. Broadcast radio, especially network, declined, while digital and “other” revenue were more resilient. The company recorded $109.8M of intangible asset impairments in 2025, contributing to losses, but ended the year with $82.0M in cash and access to its 2020 revolving credit facility.
Cumulus Media Inc. has entered into a restructuring support agreement with key lenders and filed voluntary Chapter 11 cases to implement a prepackaged reorganization plan. The plan is expected to cut funded debt by approximately $592 million through equitizing 2029 secured and other funded debt, and reduce annual cash interest by about $49 million. The company has an ABL commitment letter providing up to $100 million in amended and restated ABL commitments and is using cash collateral with creditor consent to continue operating as a debtor-in-possession.
The company states it expects no adverse operational impact and plans to pay employees and vendors in the ordinary course during the cases. Under the plan, general unsecured claims are expected to be unimpaired, while all existing Class A and Class B common stock will be cancelled for no consideration, with holders receiving no recovery. Cumulus warns that trading in its securities during the Chapter 11 process is highly speculative and that investors could suffer a significant or complete loss.
Cumulus Media Inc. reported a planned change on its board of directors. On January 14, 2026, Joan Hogan Gillman notified the company that she intends to resign from the board, effective January 15, 2026, upon the election of her successor. The board then appointed Carol Flaton as a director, effective January 15, 2026.
The company states that Ms. Flaton meets the independence requirements of SEC rules and will serve until the company’s 2026 annual meeting of stockholders, and until a successor is elected and qualified. She will receive cash compensation of $40,000 per month for her board service. The company issued a press release announcing her appointment, furnished as Exhibit 99.1.
Cumulus Media Inc. furnished a press release announcing operating results for the three and nine months ended September 30, 2025. The disclosure was made under Item 2.02 and includes Exhibit 99.1, the press release dated October 30, 2025.
The information in Item 2.02 and Exhibit 99.1 is furnished, not filed, and is not subject to Section 18 liabilities or incorporated into other filings unless specifically referenced. The filing also lists Exhibit 104, the cover page Inline XBRL data. The report was signed by CFO Francisco J. Lopez‑Balboa on October 30, 2025.