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Cumulus: Judge’s Ruling ‘A Non-Event’
By Adam R Jacobson RBR + TVBR As the radio industry — and Cumulus Media shareholders — digests the news that a debt for equity deal that would have sliced $305 million off of its borrowings is no...
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Gloomy Moody’s Downgrade Comes For Cumulus
More dark clouds are forming over Atlanta-based Cumulus Media. The struggling No. 2 owner by station count of AMs and FMs saw its Corporate Family Rating downgraded by Moody’s Investors Service on...
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America Will Now Have More Of ‘The Men’s Room’
Here’s an opportunity you may not want to flush down the drain. A popular afternoon-drive show airing on an Entercom Rock station in Seattle is getting a national roll-out on June 5, thanks to a...
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WW1 Hops On The Katz Expressway
Westwood One Spot Sales, the national spot platform for Cumulus Media, is now participating in Expressway from Katz — a programmatic ad buying exchange for broadcast radio. Cumulus stations are...
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Cumulus Stock Dives A Day After A Strong Q3 Results Preview
Thursday’s surprising pre-release of select Q3 2017 preliminary earnings results from Cumulus Media seemed to do the trick for the No. 2 radio broadcasting company seeking to show its debtholders that...
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Cumulus Says No To Scheduled Loan Repayment
If Cumulus Media was looking for headlines on a day when iHeartMedia, Entercom and Beasley Broadcast Group attracted national attention, this was probably not the best way to do it. The nation’s No. 2...
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The Bleeding Continues For Cumulus and Pandora
After a painful end to the trading week on Friday, the struggles on Wall Street continued Monday for both Pandora and Cumulus Media. At Friday’s Closing Bell, Cumulus’s stock sat at 31 cents —...
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Riley Returns To Western N.Y. With Cumulus Promotion
Jim Riley is back in Buffalo. The former GSM of Cumulus Media‘s four-station Buffalo-Niagara Falls, N.Y. cluster has been appointed VP/Market Manager by the company that seeks to emerge from Chapter 11...
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Another New Post-BK Low For Cumulus
Tuesday’s Closing Bell on Wall Street brought some not-so-positive news to investors in Cumulus Media. Come tomorrow morning, CMLS will be opening at its lowest price since it began the resumption of...
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Cumulus Spins KLOS, Swaps With Warshaw
Seconds after Monday’s Closing Bell on Wall Street, Cumulus Media formally revealed what was largely considered the worst-kept secret at the NAB Show in Las Vegas.Classic Rocker KLOS-FM 95.5 in Los...
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A Huge Endorsement For CMLS From Zacks
It’s just what the doctor ordered: Respected financial analysis house Zacks on Thursday added five stocks to its “Strong Buy” list. Yes, Cracker Barrel Old Country Store is on the list. But, so is the...
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Cumulus Erases Nine Days Of Wall Street Dips
Oh, those finicky investors! One day after dipping to its second-lowest post-bankruptcy low, Cumulus Media shares exploded in heavier-than-usual trading on the Nasdaq Global Select market. Wednesday’s...
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ABC Audio Adds 100+ Cumulus Stations
Historically, many Cumulus Media spoken-word AMs have ties to the former ABC Radio. Thus, it may not be surprising to some that Cumulus is adding more than 100 of its stations to the ABC Audio...
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Soo Kim’s Latest Investment? A Reborn Radio Giant
Soohyung Kim and his Standard General L.P. have gained considerable notice over the past several years. This is mainly due to his sizable equity interest in TEGNA, the owner of broadcast TV stations...
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Cumulus Q3 Results ‘Exceeded Expectations,’ Beat Street
Just after Wednesday’s Closing Bell on Wall Street, Cumulus Media offered analysts and investors a look at its third quarter 2021 fiscal report card. As CEO Mary Berner sees it, “third quarter results...
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