Cumulus Media
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.
Filings: Alden Global exec likely to emerge as major Cumulus Media stakeholder
Alden Global has been criticized over the years for cutting jobs and reducing local news investments at newspapers under its ownership, causing concern among radio industry watchers as the Cumulus bankruptcy plays out.
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BIA: Large radio station owners become sellers to address debt
Larger broadcasters including Audacy and Cumulus Media are selling selected stations as they reduce debt and redirect investment toward digital businesses.
Cumulus gets court approval to exit Chapter 11 bankruptcy
The restructuring will eliminate $592 million to $660 million in debt and reduce annual cash interest obligations by approximately $49 million through creditor control transfer.
Judge pauses Cumulus lawsuit against Nielsen amid bankruptcy case
The ruling halts both Nielsen’s counterclaims and Cumulus’s antitrust claims while the broadcaster’s restructuring proceeds.
Cumulus Media files for bankruptcy, announces debt restructuring
The plan would give debtholders full ownership of the reorganized company and provide $50 million in new convertible notes.
Cumulus Media files antitrust lawsuit against Nielsen
Cumulus Media has filed a federal antitrust lawsuit against measurement firm Nielsen, accusing the ratings giant of abusing its dominance in the radio audience evaluation market.
Cumulus Media forges content partnership with Rumble
Podcasts from Westwood One and Cumulus are coming to Rumble's platform, and Rumble creators will contribute to Cumulus shows.
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.
NASDAQ warns Cumulus Media of possible delisting
Cumulus Media has received a letter from NASDAQ warning of a potential delisting from the stock exchange over its low per-share price.
KGO to relaunch as talk station, KNBR moving to Levi’s Stadium full-time
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.
TuneIn renews distribution partnership with Cumulus Media
Streaming audio platform TuneIn has renewed its pact with Cumulus Media to distribute the broadcaster's AM and FM radio stations for several more years.
Cumulus promotes Shoshana Shapiro to SVP, Corporate Communications
Cumulus Media has promoted Shoshana Shapiro to the role of Senior Vice President of Corporate Communications and Marketing.