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Cumulus Media Inc (CMLS.OQ)

CMLS.OQ on NASDAQ Stock Exchange Global Market

18.38USD
17 May 2019
Change (% chg)

$-0.01 (-0.05%)
Prev Close
$18.39
Open
$18.17
Day's High
$18.91
Day's Low
$18.00
Volume
18,887
Avg. Vol
11,792
52-wk High
$26.00
52-wk Low
$9.75

Latest Key Developments (Source: Significant Developments)

Cumulus Media Announces Agreement To Sell KLOS-FM To Meruelo Media For $43 Mln
Tuesday, 16 Apr 2019 

April 15 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA INC - ANNOUNCES AGREEMENT TO SELL KLOS-FM TO MERUELO MEDIA FOR $43 MILLION.CUMULUS MEDIA INC - ENTERS INTO SWAP AGREEMENT WITH CONNOISSEUR MEDIA TO ACQUIRE FOUR STATIONS IN ALLENTOWN, PA.CUMULUS MEDIA INC - MERUELO MEDIA WILL BEGIN PROGRAMMING KLOS-FM UNDER A LOCAL MARKETING AGREEMENT ON APRIL 16, 2019..CUMULUS MEDIA INC - CUMULUS WILL RECEIVE WODE-FM, WWYY-FM, WEEX-AM AND WTKZ-AM IN AND AROUND ALLENTOWN, PA.CUMULUS MEDIA INC - CONNOISSEUR MEDIA WILL RECEIVE WEBE-FM IN WESTPORT, CT, AND WICC-AM IN BRIDGEPORT, CT.CUMULUS MEDIA INC - PARTIES WILL BEGIN PROGRAMMING EACH OTHER'S RESPECTIVE STATIONS UNDER LOCAL MARKETING AGREEMENTS ON MAY 1, 2019.CUMULUS MEDIA ANNOUNCES TWO STRATEGIC TRANSACTIONS.  Full Article

Cumulus Media Inc - QTRLY Earnings Per Share $2.18
Tuesday, 19 Mar 2019 

Cumulus Media Inc ::CUMULUS MEDIA REPORTS OPERATING RESULTS FOR FOURTH QUARTER AND FULL YEAR 2018.Q4 REVENUE $309.2 MILLION.QTRLY EARNINGS PER SHARE $2.18.  Full Article

Cumulus Media Sees FY 2018 Revenue $1.139 Billion To $1.141 Billion
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA ANNOUNCES SELECTED PRELIMINARY UNAUDITED OPERATING RESULTS FOR FOURTH QUARTER AND FULL YEAR 2018.SEES FY 2018 REVENUE $1.139 BILLION TO $1.141 BILLION.EXPECTS TO REPORT FULL YEAR ADJUSTED EBITDA GROWTH OF POSITIVE 7%.FOR Q1 OF 2019, COMPANY IS CURRENTLY PACING APPROXIMATELY FLAT.  Full Article

Entercom To Acquire Nash FM 94.7 In New York
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Entercom Communications Corp ::ENTERCOM ENTERS INTO DEFINITIVE EXCHANGE AGREEMENT TO ACQUIRE NASH FM 94.7 IN NEW YORK AND TWO STATIONS IN SPRINGFIELD, MA.ENTERCOM COMMUNICATIONS CORP - TRANSACTION IS IMMEDIATELY ACCRETIVE TO ENTERCOM..ENTERCOM COMMUNICATIONS CORP - PARTIES WILL BEGIN PROGRAMMING RESPECTIVE STATIONS BEING ACQUIRED UNDER LOCAL MARKETING AGREEMENTS ON FRIDAY, MARCH 1.  Full Article

Cumulus Media Announces Two Strategic Portfolio Optimization Transactions
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA ANNOUNCES TWO STRATEGIC PORTFOLIO OPTIMIZATION TRANSACTIONS.CUMULUS MEDIA INC - SELLING SIX STATIONS TO EDUCATIONAL MEDIA FOUNDATION FOR $103.5 MILLION;.CUMULUS MEDIA INC - NET PROCEEDS TO PAY DOWN DEBT AND REINVEST IN GROWTH OPPORTUNITIES.CUMULUS MEDIA INC - EMF WILL ACQUIRE ALL TRANSMISSION EQUIPMENT AND ASSUME ALL TOWER LEASES ASSOCIATED WITH STATIONS.CUMULUS MEDIA INC - UNDER TERMS OF SWAP AGREEMENT WITH ENTERCOM, CUMULUS WILL RECEIVE WNTR-FM, WXNT-AM, AND WZPL-FM IN INDIANAPOLIS.CUMULUS MEDIA INC - UNDER TERMS OF SWAP AGREEMENT WITH ENTERCOM AND ENTERCOM WILL RECEIVE WNSH-FM (NEW YORK, NY) AND WMAS-FM AND WHLL-AM.CUMULUS MEDIA - RELATED TO SWAP AGREEMENTS, EACH PARTY TO COMMENCE LOCAL MARKETING AGREEMENT TO PROGRAM OTHER PARTY'S STATIONS BEGINNING ON MARCH 1.  Full Article

Cumulus Media Q2 Revenue $285.2 Million
Tuesday, 21 Aug 2018 

Aug 20 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA REPORTS OPERATING RESULTS FOR SECOND QUARTER 2018.Q2 REVENUE $285.2 MILLION.CUMULUS MEDIA- DILUTED EARNINGS PER SHARE FOR PERIOD FROM JUNE 4, 2018 THROUGH JUNE 30, 2018 $0.25.  Full Article

Cumulus Restructuring Plan Confirmed By Court
Wednesday, 2 May 2018 

Cumulus Media Inc ::CUMULUS RESTRUCTURING PLAN CONFIRMED BY COURT.CUMULUS MEDIA INC - RESTRUCTURING PLAN CONFIRMED BY COURT.CUMULUS MEDIA INC - UPON COMPLETION OF RESTRUCTURING PROCESS, COMPANY'S DEBT WILL HAVE BEEN REDUCED BY MORE THAN $1 BILLION.CUMULUS MEDIA INC - EXPECTS TO EMERGE FROM CHAPTER 11 BEFORE END OF QUARTER, AFTER CONDITIONS TO PLAN ARE SATISFIED.  Full Article

Cumulus enters restructuring support agreement to reduce debt by over $1 bln
Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Cumulus Media Inc ::CUMULUS ENTERS RESTRUCTURING SUPPORT AGREEMENT TO REDUCE DEBT BY OVER $1 BILLION.CUMULUS MEDIA - ENTERED RESTRUCTURING SUPPORT AGREEMENT WITH SOME LENDERS, HOLDING ABOUT 69% OF CO'S TERM LOAN TO REDUCE CO'S DEBT BY MORE THAN $1 BILLION​.CUMULUS MEDIA -HAS AMPLE CASH ON HAND TO SUPPORT BUSINESS DURING RESTRUCTURING PROCESS; DOES NOT INTEND TO SEEK DEBTOR-IN-POSSESSION FINANCING​.  Full Article

Cumulus Media says ‍on Nov 20 co received notification from Nasdaq
Wednesday, 22 Nov 2017 

Nov 21 (Reuters) - Cumulus Media Inc :Cumulus Media Inc says ‍on Nov 20 co received notification from nasdaq - SEC Filing.Cumulus - notification says due to noncompliance with nasdaq listing rules Nasdaq to delist co's class a common stock from nasdaq capital market​.Cumulus - Nasdaq delisting to suspend trading in co's class a common stock effective at open of business on Nov 22​.  Full Article

Cumulus Media engages in talks about potential restructuring alternatives
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Cumulus Media Inc ::Says engaged in separate discussions with certain noteholders regarding potential restructuring alternatives - SEC filing.  Full Article

No consensus analysis data available.