Cumulus Media Inc. (CMLS)

NASDAQ: CMLS · IEX Real-Time Price · USD
3.590
+0.360 (11.15%)
Mar 28, 2024, 4:00 PM EDT - Market closed
11.15%
Market Cap 53.86M
Revenue (ttm) 844.55M
Net Income (ttm) -117.88M
Shares Out 16.36M
EPS (ttm) -6.83
PE Ratio n/a
Forward PE 8.03
Dividend n/a
Ex-Dividend Date n/a
Volume 68,681
Open 3.310
Previous Close 3.230
Day's Range 3.290 - 3.720
52-Week Range 2.570 - 6.590
Beta 1.50
Analysts Buy
Price Target 11.00 (+206.41%)
Earnings Date Apr 25, 2024

About CMLS

Cumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners. In addition, the company provides digital marketing services, such as email marketing, geo-targeted display and video... [Read more]

Industry Broadcasting
IPO Date Jun 25, 1998
Employees 2,464
Stock Exchange NASDAQ
Ticker Symbol CMLS
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CMLS stock is "Buy." The 12-month stock price forecast is $11.0, which is an increase of 206.41% from the latest price.

Price Target
$11.0
(206.41% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cumulus Media Announces Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

ATLANTA, March 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has exte...

1 day ago - GlobeNewsWire

Cumulus Media Announces Extension of Early Tender Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

ATLANTA, March 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has exte...

16 days ago - GlobeNewsWire

Cumulus Media's Westwood One Presents Audio Coverage of 2024 College Basketball Conference Championship Week

Coverage Includes 24 Games between Saturday, March 9th and Sunday, March 17th, 2024 Coverage Includes 24 Games between Saturday, March 9th and Sunday, March 17th, 2024

21 days ago - GlobeNewsWire

Cumulus Media Announces Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026

ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has comme...

4 weeks ago - GlobeNewsWire

Cumulus Media Reports Operating Results for 2023

ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "Cumulus Media," “we,” “us,” or “our”) today announced operating results for the three months and year ende...

4 weeks ago - GlobeNewsWire

Cumulus Media Inc. Adopts Limited-Duration Shareholder Rights Plan

ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus Media” or the “Company”) today announced that its Board of Directors (the “Board”) has adopted a limited-duration...

5 weeks ago - GlobeNewsWire

Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results

ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operat...

6 weeks ago - GlobeNewsWire

Westwood One Presents Super Bowl LVIII Game-Day Coverage With an All-Pro Broadcast Team

2024 Marks Westwood One's 51st Super Bowl Broadcast Kevin Harlan, Hall of Famer Kurt Warner, Dean Blandino, Laura Okmin, and Mike Golic Call the Action Live from Las Vegas Scott Graham and Three-Time ...

7 weeks ago - GlobeNewsWire

Former President Donald J. Trump to be on "The Dan Bongino Show" Today at 2:30 p.m.

NEW YORK, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's Westwood One today announced that talk radio host Dan Bongino will host former President Donald J. Trump on “The Dan Bongino Show” for a liv...

7 weeks ago - GlobeNewsWire

Westwood One to Broadcast NFL Conference Championship Sunday, Presented by Intuit Turbo Tax

Doubleheader Coverage of AFC and NFC Championship Games airs Sunday, January 28 beginning at 2 p.m. ET Doubleheader Coverage of AFC and NFC Championship Games airs Sunday, January 28 beginning at 2 p....

2 months ago - GlobeNewsWire

America in the Morning Launches On the Cumulus Podcast Network

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that Westwood One's award-winning daily news magazine program, America in the Morning , joins the Cumulus Podca...

2 months ago - GlobeNewsWire

The Ed Mylett Show Joins the Cumulus Podcast Network

Top Performance and Mindset Coach Drops New Episodes Each Tuesday and Thursday Top Performance and Mindset Coach Drops New Episodes Each Tuesday and Thursday

3 months ago - GlobeNewsWire

BiggerPockets Podcast Network Moves to Cumulus

Six Leading Real Estate Investing Podcasts Join the Cumulus Podcast Network Network Includes #1-Ranked BiggerPockets Real Estate Podcast NEW YORK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASD...

3 months ago - GlobeNewsWire

Cumulus Media's Westwood One Presents Exclusive National Audio Coverage of the 124th Army-Navy Football Game

NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- CUMULUS MEDIA's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., will present exclusive national audio coverage of the Army-Navy Football...

4 months ago - GlobeNewsWire

Dan Bongino Extends Contract With Westwood One, Recommits to Broadcast Radio

Deal Keeps “The Dan Bongino Show” in Broadcast Syndication on Westwood One and The Dan Bongino Show Podcast on the Cumulus Podcast Network for Multiple Years Deal Keeps “The Dan Bongino Show” in Broad...

4 months ago - GlobeNewsWire

Cumulus Media Taps Collin Jones to Lead Westwood One

ATLANTA, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that it has appointed Collin Jones as President of Westwood One, effective January 1, 2024, responsible for West...

4 months ago - GlobeNewsWire

Cumulus Podcast Network to Provide Brand Safety & Suitability Measurement Through Barometer

NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) announced today that the Cumulus Podcast Network will now provide brand suitability and safety measurement across the Cumulus P...

4 months ago - GlobeNewsWire

Cumulus Media's Westwood One Presents Exclusive National Audio Coverage of Six NFL Games Over the Thanksgiving Holiday Weekend

First Ever Black Friday Game Features Twin Brothers Jason and Devin McCourty in the Broadcast Booth with Ian Eagle First Ever Black Friday Game Features Twin Brothers Jason and Devin McCourty in the B...

4 months ago - GlobeNewsWire

Cumulus Media Introduces Hello Rossipes Podcast

Ross Mathews and Bethie Hungerford to Host All-New Cooking Podcast Each Wednesday Beginning November 8 Ross Mathews and Bethie Hungerford to Host All-New Cooking Podcast Each Wednesday Beginning Novem...

5 months ago - GlobeNewsWire

Cumulus Media Reports Operating Results for the Third Quarter 2023

ATLANTA, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and nine months ende...

5 months ago - GlobeNewsWire

Westwood One Host Rich Eisen Wins Prestigious Marconi Award for Network/Syndicated Personality of the Year

Eisen Hosts Westwood One's Radio Program “The Rich Eisen Show” Also Anchors Pregame and Halftime Shows for Westwood One's Syndicated Coverage of NFL's Monday Night Football NEW YORK, Oct. 26, 2023 (GL...

5 months ago - GlobeNewsWire

Cumulus Media's Westwood One Launches 37th Consecutive Season As the Exclusive Primetime Network Radio Partner of the NFL

Westwood One's NFL Primetime Game Broadcasts Available to Fans on Westwoodonesports.com, Affiliated Stations' Primary Digital Platforms, NFL+ and the NFL App

7 months ago - GlobeNewsWire

Cumulus Media Announces Expanded Partnership With Rich Eisen

Newest Collaboration, What The Football with Suzy Shuster and Amy Trask, Launches September 12 on the Cumulus Podcast Network Newest Collaboration, What The Football with Suzy Shuster and Amy Trask, L...

7 months ago - GlobeNewsWire

CUMULUS MEDIA's Westwood One Presents Exclusive Audio Coverage of the 2023 Black College Football Hall of Fame Classic

NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) --  CUMULUS MEDIA's Westwood One (NASDAQ: CMLS), the largest audio network in the U.S. and the official network radio partner of both the NFL and the NCAA, wil...

7 months ago - GlobeNewsWire

Cumulus Media Reports Operating Results for the Second Quarter 2023

ATLANTA, July 28, 2023 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months ended...

8 months ago - GlobeNewsWire