Cumulus to stop trading shares on NASDAQ in May
Cumulus Media will stop trading shares on the NASDAQ stock exchange in May, and will trade exclusively through the over-the-counter market.
Cumulus Media ($CMLS) is a national owner and operator of local AM and FM radio stations in the United States. As of 2019, the company operated over 400 stations in 90 metropolitan areas. Cumulus is based in Atlanta, Georgia.
Cumulus Media will stop trading shares on the NASDAQ stock exchange in May, and will trade exclusively through the over-the-counter market.
Cumulus Media has received a letter from NASDAQ warning of a potential delisting from the stock exchange over its low per-share price.
Cumulus Media is throwing in the towel on KGO-AM’s stint as a sports betting station, while KNBR will be headed to Santa Clara full-time.
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Cumulus Media has promoted Shoshana Shapiro to the role of Senior Vice President of Corporate Communications and Marketing.
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A look at industry awards, public service and community outreach initiatives from the telecom, media and technology sectors.
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Elizabeth Pembleton has been promoted to regional vice president and market manager in Allentown, Wilkes-Barre and Scranton for Cumulus Media.
Westwood One will provide Super Bowl LVII coverage to around 600 broadcast stations and the American Forces Network on Sunday.
Norm Pattiz, a consummate broadcaster whose Westwood One syndicated programming network dominated the airwaves, died on Sunday at 79.