NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ:CMLS) Westwood One, America’s largest audio network and the official audio partner of the National Football League, will present live play-by-play coverage of the NFL Divisional Round on Saturday, January 18th and Sunday, January 19th, sponsored by Intuit TurboTax. This season marks Westwood One’s 38th consecutive year as the official audio partner of the NFL. Westwood One kicks off the NFL Divisional Round on Saturday, January 18th, with ...

Westwood One, Official Audio Partner of the NFL, Delivers All the Action With Live Play-by-Play Coverage of All Six NFL Games on Saturday, January 11th, Sunday, January 12th, and Monday, January 13thNEW YORK, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ:CMLS) Westwood One, America’s largest audio network and the official audio partner of the National Football League, will present live play-by-play coverage of NFL Wild Card Weekend on Saturday, January 11th, Sunday, January 12th, and Monday, Jan ...

“The Jim Rome Show” to be Exclusively Syndicated and Distributed by Westwood One During Coveted New Time Slot Jim Rome, Host of "The Jim Rome Show" Photo of Jim Rome, Host of "The Jim Rome Show", to be exclusively syndicated and distributed on Westwood One during coveted new time slot. Photo Credit: CBS Sports supplied image. NEW YORK, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One (NASDAQ: CMLS) and Jim Rome continue to be at the forefront of the evolution and growth of live sports conte ...

Core Points - Cumulus Media has launched a new podcast series titled "Liberty and Learning with Mark Levin and Larry Arnn," which consists of 10 episodes focusing on the founding principles of the U.S. [1] - The podcast aims to address current crises in America through discussions on constitutional government and pressing national issues such as education, borders, and citizenship [2][4] Company Overview - Cumulus Media is an audio-first media company that reaches over a quarter billion people monthly through various platforms, including 400 radio stations and a growing podcast network [10] - The company produces and distributes several popular programs, including "The Mark Levin Show," and is known for its extensive reach in both local and national markets [10] Podcast Details - The podcast is hosted by Mark Levin, a prominent conservative commentator and constitutional scholar, alongside Dr. Larry Arnn, President of Hillsdale College [4][5] - The series is available on major podcast platforms and aims to engage listeners with informative and entertaining content [3][4]

Financial Data and Key Metrics Changes - In Q3 2024, the company reported revenue of $203.6 million and EBITDA of $24.1 million, aligning with analyst estimates [5][26] - Digital revenue accounted for 20% of total revenue, growing 8% year-over-year, with digital marketing services (DMS) increasing nearly 40% year-over-year [6][27] - Total expenses decreased by approximately $1 million year-over-year, reflecting ongoing cost reductions [30] Business Line Data and Key Metrics Changes - DMS revenue growth accelerated to approximately 40% year-over-year, marking the largest dollar increase in this segment [27] - Streaming revenue increased slightly, while podcasting revenue experienced a modest decrease, primarily due to declining revenue from the Daily Wire podcast [11][12] - The broadcast radio business saw a 5% revenue increase in the network segment, driven by robust demand for live sports [14] Market Data and Key Metrics Changes - Political revenue in Q3 was $4.4 million, down from $5.8 million in 2020 and $4.5 million in 2022, impacted by changes in the Democratic presidential candidate [29] - National advertising sentiment remains weak, with lower spending observed in local, automotive, professional services, and entertainment categories [17] Company Strategy and Development Direction - The company is focused on investing in digital growth, optimizing political spend, and driving cost efficiencies [5] - There is a commitment to capital allocation prioritizing organic growth in digital businesses rather than pursuing non-accretive M&A [23] - The company is leveraging AI for efficiencies across various business facets, including sales lead generation and marketing content development [22][21] Management's Comments on Operating Environment and Future Outlook - Management noted that many advertisers are cautious due to economic and interest rate concerns, impacting their spending [17][38] - The company expects political spending to rebound in Q4, with current bookings at approximately $9.7 million [19] - Management remains optimistic about the DMS business and overall digital growth prospects [10][24] Other Important Information - The company has achieved $8 million in cost reductions year-to-date, building on $120 million in fixed cost reductions from 2019 to 2023 [30] - The balance sheet at the end of the quarter showed $52.2 million in cash and gross debt of $642.1 million [31] Q&A Session Summary Question: What additional services are driving revenue growth in marketing services? - Management highlighted a robust suite of campaign products and integrated presence products, including listings, reputation management, website development, and SEO [33] Question: Is there potential upside in political revenue? - Management indicated that the fourth quarter is tracking close to expectations, with potential for additional revenue from political ads as the election approaches [36] Question: What are the expectations for advertising spend post-election? - Management noted that advertisers are waiting to see how the economy settles after the election and are cautious due to perceived clutter from political ads [38] Question: How is the network business performing heading into the sports season? - Management reported benefits from airing summer games and NFL scheduling, with expectations for continued strong interest in sports [40] Question: What impact do interest rates have on advertising spend? - Management explained that lower interest rates and inflation outlook are crucial for improving advertising sentiment across various categories [44]

Cumulus Media (CMLS) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.54. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.96%. A quarter ago, it was expected that this radio station owner would post a loss of $0.49 per share when it actually produced a loss of $0.68, delivering a surprise of -38.78%.Over the last four quarters, the comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38108 Cumulus Media Inc. (Exact Name of Registrant as Specified in its Charter) | --- | |---------------- ...

Cumulus Media Reports Operating Results for the Third Quarter 2024 Increased Digital Marketing Services Revenue by 38%, Total Digital Revenue by 8% Reported Q3 Total Revenue of $204 Million, Down 1.8%, in Line with Pacing Guidance ATLANTA, GA — November 1, 2024: Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ended September 30, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media ...

Increased Digital Marketing Services Revenue by 38%, Total Digital Revenue by 8% Reported Q3 Total Revenue of $204 Million, Down 1.8%, in Line with Pacing Guidance ATLANTA, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ended September 30, 2024. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "During the third quarter, we delivered revenue ...

ATLANTA and SAN FRANCISCO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Cumulus Media, a top audio-first media company, and TuneIn, the world's leader in live audio, today announced that they have renewed and expanded their existing content partnership. Under the terms of the deal, TuneIn will continue to make Cumulus Media's high-quality local sports, news, talk and entertainment programming available to its 75 million monthly global listeners. The extended agreement also includes a new, non-exclusive sales and suppl ...