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Cumulus Media Inc (CMLS.OQ)

CMLS.OQ on NASDAQ Stock Exchange Global Market

4.85USD
25 Sep 2020
Change (% chg)

$0.15 (+3.19%)
Prev Close
$4.70
Open
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Day's High
$4.90
Day's Low
$4.70
Volume
9,583
Avg. Vol
79,202
52-wk High
$18.12
52-wk Low
$3.03

Latest Key Developments (Source: Significant Developments)

Cumulus Media Quarterly Loss Per Share $1.79
Monday, 10 Aug 2020 

Aug 10 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA REPORTS OPERATING RESULTS FOR THE SECOND QUARTER 2020 AND ANNOUNCES DEFINITIVE AGREEMENT TO MONETIZE TOWER PORTFOLIO FOR $213 MILLION.Q2 REVENUE $146 MILLION VERSUS REFINITIV IBES ESTIMATE OF $153.1 MILLION.QTRLY LOSS PER SHARE $1.79.  Full Article

Cumulus Media Says Units Entered Credit Agreement Dated As Of Sept 26
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA INC - UNITS ENTERED INTO A CREDIT AGREEMENT DATED AS OF SEPTEMBER 26, 2019.CUMULUS MEDIA INC - CREDIT AGREEMENT CONSISTS OF A $525 MILLION SENIOR SECURED TERM LOAN.  Full Article

Cumulus Media Reports Qtrly Earnings Per Share $2.11
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA REPORTS OPERATING RESULTS FOR THE SECOND QUARTER 2019.CUMULUS MEDIA INC - QTRLY EARNINGS PER SHARE $2.11.CUMULUS MEDIA INC - QTRLY NET REVENUE$279.7 MILLION VERSUS $285.2 MILLION.  Full Article

Cumulus Media Makes $50 Million Voluntary Debt Prepayment
Monday, 22 Jul 2019 

July 22 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA MAKES $50 MILLION VOLUNTARY DEBT PREPAYMENT.CUMULUS MEDIA INC - REDUCES TOTAL DEBT BY APPROXIMATELY $250 MILLION SINCE EMERGING FROM CHAPTER 11.CUMULUS MEDIA INC - DEBT PREPAYMENT WAS FUNDED BY NET PROCEEDS FROM PREVIOUSLY ANNOUNCED SALE OF KLOS-FM TO MERUELO MEDIA.CUMULUS MEDIA - REDUCED DEBT BY ABOUT $250 MILLION SINCE EMERGING FROM CHAPTER 11 ON JUNE 4, 2018, BRINGING TOTAL DEBT TO ABOUT $1.05 BILLION.  Full Article

Cumulus Media Announces Upsizing And Pricing Of $500 Mln Offering Of Senior Secured First-Lien Notes
Thursday, 13 Jun 2019 

June 12 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA ANNOUNCES UPSIZING AND PRICING OF $500 MILLION OFFERING OF SENIOR SECURED FIRST-LIEN NOTES.CUMULUS MEDIA INC - UNIT HAS PRICED $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 6.750% SENIOR SECURED FIRST-LIEN NOTES DUE 2026.CUMULUS MEDIA INC - UPSIZING REPRESENTS AN INCREASE OF $200 MILLION OVER AMOUNT PREVIOUSLY ANNOUNCED..  Full Article

In First Year Post-Emergence, Cumulus Media Achieves $200 Mln Debt Reduction Milestone
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Cumulus Media Inc ::IN FIRST YEAR POST-EMERGENCE, CUMULUS MEDIA ACHIEVES $200 MILLION DEBT REDUCTION MILESTONE.CUMULUS MEDIA - DEBT PREPAYMENT IS BEING FUNDED BY NET PROCEEDS OF PREVIOUSLY ANNOUNCED SALE OF SIX RADIO STATIONS TO EDUCATIONAL MEDIA FOUNDATION.CUMULUS MEDIA INC - NET LEVERAGE HAS DECLINED FROM APPROXIMATELY 5.8X AT EMERGENCE TO APPROXIMATELY 4.8X WITH THIS PAYMENT..  Full Article

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

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