Cumulus Media Inc. - (CMLS) News

Cumulus Media Inc. - (CMLS)

Today's Latest Price: $5.37 USD

0.06 (1.13%)

Updated Sep 30 4:00pm

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Industry Rank:

Ranked of 11 in Entertainment - Radio

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Latest CMLS News From Around the Web

Below are the latest news stories about Cumulus Media Inc that investors may wish to consider to help them evaluate CMLS as an investment opportunity.

Cumulus Media EPS beats by $0.57, misses on revenue

Cumulus Media (CMLS): Q2 GAAP EPS of -$1.79 beats by $0.57.Revenue of $146.02M (-47.8% Y/Y) misses by $7.15M.Executed agreement to monetize tower portfolio and related assets for $213M, and expects to use the funds to pay down debt, anticipates first closing for 85% or more of proceeds in Q4.Press Release...

Seeking Alpha | August 10, 2020

Cumulus Media's (CMLS) CEO Mary Berner on Q2 2020 Results - Earnings Call Transcript

Cumulus Media, Inc. (CMLS) Q2 2020 Earnings Conference Call August 10, 2020, 8:30 am ET Company Participants Collin Jones - SVP, Corporate Development & Strategy Mary Berner - President & CEO Frank Lopez-Balboa - CFO Conference Call Participants John Janedis - Wolfe Research Zack Silver - B. Riley Presentation Operator...

SA Transcripts on Seeking Alpha | August 10, 2020

CUMULUS MEDIA Reports Operating Results for the Second Quarter 2020 and Announces Definitive Agreement to Monetize Tower Portfolio for $213 Million

ATLANTA, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” "CUMULUS MEDIA," “we,” “us,” or “our”) today announced…

GlobeNewswire | August 10, 2020

CUMULUS MEDIA Announces Conference Call to Discuss Second Quarter 2020 Operating Results

ATLANTA, July 27, 2020 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Monday, August 10th at 8:30 AM ET to discuss…

GlobeNewswire | July 27, 2020

Cumulus Media New Holdings Inc. -- Moody's affirms Cumulus Media's B2 CFR; outlook changed to negative

The negative outlook for Cumulus reflects the impact of the economic recession arising from the coronavirus outbreak which Moody's expects will materially impact radio advertising revenue in the near term and lead to higher leverage levels and lower cash outflow from operations. As a result, the Speculative Grade Liquidity (SGL) rating was downgraded to SGL-3 from SGL-2.

Yahoo | June 25, 2020

A Look Into Cumulus Media's Price Over Earnings

In the current market session, Cumulus Media Inc. (NASDAQ: CMLS) is trading at $4.89, after a 13.99% increase. However, over the past month, the stock decreased by 17.26%, and in the past year, by 73.64%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently higher from its 52 week low by 63.00%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Broadcasting stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and ...

Yahoo | June 25, 2020

Cumulus Media cheering Maryland land sale to Toll Brothers

In its efforts to reduce net leverage and strengthen balance sheet, Cumulus Media (CMLS) +2.1% AH completed the sale of an ~75-acre in Bethesda, Maryland to Toll Brothers (TOL) for gross proceeds of $74.1M.Post the transaction closure, marginal savings in real estate taxes are expected.Net proceeds from the sale will be used to pay down...

Seeking Alpha | June 24, 2020

Cumulus Media Completes Sale of Land in Bethesda, Maryland to Toll Brothers for $74.1 Million

Expected to Generate Net Proceeds of $71.3 Million

GlobeNewswire | June 24, 2020

Hedge Funds Are Dumping Cumulus Media Inc (NASDAQ:CMLS)

In this article you are going to find out whether hedge funds think Cumulus Media Inc (NASDAQ:CMLS) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]

Yahoo | June 24, 2020

CUMULUS MEDIA Adopts Short-Term Shareholder Rights Plan

In adopting the Rights Plan, the Board has taken note of the unprecedented impact of the COVID-19 pandemic on equity market valuations which has led to substantial volatility in the trading of the Company’s stock and a dislocation in Cumulus’ stock price, which the Board believes does not reflect the Company's inherent value or business performance. The Rights Plan is intended to promote the fair and equal treatment of all shareholders by preventing a creeping change of control without an appropriate premium and on terms that would not deliver sufficient value for all shareholders.

Yahoo | May 21, 2020

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