Completed Successful Debt Exchange That Reduced Principal by Approximately $33 Million, Extended Maturities to 2029, Obtained Favorable Interest Rates and Preserved Structure Free of Financial Maintenance Covenants; Exceeded Expectations with Approximately 97% Aggregate Participation Upsized ABL Facility by 25% to $125 Million and Extended Maturity to 2029 Reported Q1 Total Revenue of $200 million, Down 2.7%, In Line with Guidance Increased Digital Marketing Services Revenue by 25%, Total Digital Revenue by ...

ATLANTA, May 02, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company" or "Cumulus") today announced the expiration and final results of its subsidiary's, Cumulus Media New Holdings Inc. (the "Issuer"), previously announced offer to exchange (as amended, the "Exchange Offer") any and all of its outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.000% Senior Secured First-Lien Notes due 2029 (the "New Notes") to be issued by the Issuer, upon the terms of ...

Cumulus Media (CMLS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. On t ...

ATLANTA, April 18, 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 amended its previously announced offer to exchange (as so amended, 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 8.000% Senior Secured First-Lien Notes due 2029 ("New Notes") to be issued by the Issuer, upon the terms of and su ...

ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced selected preliminary operating results for the three months ended March 31, 2024. For the three months ended March 31, 2024, the Company expects to report net revenue in a range of $199.0 million to $201.0 million, net loss in a range of $(14.9) million to $(13.4) million, and Adjusted EBITDA(1) in a range of $7.65 million to $9.15 million. The Company will issu ...

ATLANTA, April 15, 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 further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the "Exchange Offer and Consent Solicitation"), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.750% Se ...

ATLANTA, April 10, 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 further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the "Exchange Offer and Consent Solicitation"), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.750% Se ...

Rafael Hernández Brito, Greivis Vásquez, and Carlos Morales Call the Action Broadcasts Presented by Werner Ladder NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NSDQ: CMLS) Westwood One will provide exclusive audio coverage of the NCAA Men's Final Four and national championship game in Spanish for the seventh consecutive tournament, presented by Werner Ladder, the official ladder of the NCAA Men's and Women's Basketball Championships. Westwood One's Spanish-language broadcasts will kick off a ...

    Westwood One's Final Four® Coverage Connects College Hoops Fans across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com, The Varsity Network App & on Alexa-Enabled Devices; also Available with TuneIn Premium Network's Coverage Includes the Men's Final Four and National Championship Games in Spanish, Presented by Werner Ladder  Westwood One's Women's Final Four is Presented by Intuit TurboTax NEW YORK, April 04, 2024 (GLOBE N ...

ATLANTA, April 03, 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 further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the "Exchange Offer and Consent Solicitation"), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.750% Se ...