NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One, America's largest audio network, will present a total of 24 NCAA Men's and Women's Basketball games from Conference Championship Week. Westwood One's postseason basketball coverage tips off on Saturday, March 9th, with the Ohio Valley Conference Championship game, and continues through Selection Sunday, March 17, with broadcasts that day of the Ivy League, the SEC, and the American Athletic Championship games. Westwood ...

Jim Goss - Barrington Research better advertising climate. Supplementing those efforts, this morning we announced that we are launching a debt exchange to extend our maturities and further reduce our net leverage. Nonetheless, despite these positive indicators and advertisers' encouraging messaging to us, about their goforward buying intentions for both broadcast radio and podcasting, many national advertisers, in particular, mortgage and home improvement companies remain skittish, continuing to cite the un ...

Cumulus Media (CMLS) came out with a quarterly loss of $2.60 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -340.68%. A quarter ago, it was expected that this radio station owner would post a loss of $0.34 per share when it actually produced earnings of $0.16, delivering a surprise of 147.06%.Over the last four quarters, the c ...

ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company" or "Cumulus") today announced that its subsidiary, Cumulus Media New Holdings Inc. (the "Issuer"), has commenced an offer to exchange (the "Exchange Offer") any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.750% Senior Secured First-Lien Notes due 2029 ("New Notes") to be issued by the Issuer, upon the terms of and subject to the conditions set forth in ...

ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months and year ended December 31, 2023. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "While 2023 was a tough year across the media landscape, we were able to offset some of the effects of the weak national advertising climate through strong execution in our key focus areas. Specifically, we grew ou ...

Cumulus Media Reports Operating Results for 2023 ATLANTA, GA — February 27, 2024: Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months and year ended December 31, 2023. 2023 Key Highlights: • Generated digital revenue of $146.4 million, an increase of 2.9% year-over-year – representing 17% of total revenue ◦ Increased streaming revenue by 16% driven by audience growth from NFL streaming ◦ Grew local digital marketing ...

The radio broadcasting industry is subject to extensive regulation by the FCC under the Communications Act. We are required to obtain licenses from the FCC to operate our stations. Licenses are normally granted for a term of eight years and are renewable. Although the vast majority of FCC radio station licenses are routinely renewed, we cannot assure you that the FCC will grant our existing or future renewal applications or that the renewals will not include conditions out of the ordinary course. The nonren ...

ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET. To participate in the conference call, please register in advance using this link. NetRoadshow (NRS) is the service provider for this call. Registration requires a one-time only email a ...

2024 Marks Westwood One's 51st Super Bowl Broadcast Kevin Harlan, Hall of Famer Kurt Warner, Dean Blandino, Laura Okmin, and Mike Golic Call the Action Live from Las Vegas Scott Graham and Three-Time Super Bowl Champion Devin McCourty Anchor Pregame, Halftime, and Postgame Coverage  NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One, America's largest audio network and the official network audio broadcast partner of the National Football League (NFL), will present compre ...

NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One today announced that talk radio host Dan Bongino will host former President Donald J. Trump on "The Dan Bongino Show" for a live interview at 2:30 p.m. ET. "The Dan Bongino Show" can be heard on Westwood One terrestrial affiliates or streamed live at Bongino.com or on the audio streams of affiliated radio stations, including WMAL Washington DC. The interview will subsequently be available on the The Dan Bongino Show Sunday special podc ...