CUMULUS MEDIA is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month - wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 416 owned-and-operated stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across nearly 7,300 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees.
Company profile
Ticker
CMLS
Exchange
Website
CEO
Mary Berner
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
2-L Corporation • Atlanta Radio, LLC • Broadcast Software International LLC • Catalyst Media, LLC • Chicago FM Radio Assets, LLC • Chicago Radio Assets, LLC • CMI Receivables Funding LLC • CMP Houston-KC, LLC • CMP KC LLC • CMP Susquehanna LLC ...
IRS number
364159663
CMLS stock data
Latest filings (excl ownership)
8-K
Q3 2022 Investor Update October 2022
28 Oct 22
10-Q
2022 Q3
Quarterly report
28 Oct 22
8-K
Cumulus Media Reports Operating Results for the Third Quarter 2022
28 Oct 22
UPLOAD
Letter from SEC
8 Sep 22
8-K
Cumulus Media Appoints Deborah Farrington to Board of Directors
22 Aug 22
CORRESP
Correspondence with SEC
10 Aug 22
8-K
Q2 2022 Earnings Update August 2022
3 Aug 22
10-Q
2022 Q2
Quarterly report
3 Aug 22
8-K
Cumulus Media Reports Operating Results for the Second Quarter 2022
3 Aug 22
UPLOAD
Letter from SEC
1 Aug 22
Transcripts
CMLS
Earnings call transcript
2022 Q3
28 Oct 22
CMLS
Earnings call transcript
2022 Q2
3 Aug 22
CMLS
Earnings call transcript
2022 Q1
4 May 22
CMLS
Earnings call transcript
2021 Q4
24 Feb 22
CMLS
Earnings call transcript
2021 Q3
3 Nov 21
CMLS
Earnings call transcript
2021 Q2
4 Aug 21
CMLS
Earnings call transcript
2021 Q1
8 May 21
CMLS
Earnings call transcript
2020 Q4
23 Feb 21
CMLS
Earnings call transcript
2020 Q3
8 Nov 20
CMLS
Earnings call transcript
2020 Q2
10 Aug 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 118.15 mm | 118.15 mm | 118.15 mm | 118.15 mm | 118.15 mm | 118.15 mm |
| Cash burn (monthly) | (no burn) | 2.90 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 12.24 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 105.91 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 36.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
78.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 71 |
| Opened positions | 9 |
| Closed positions | 15 |
| Increased positions | 16 |
| Reduced positions | 30 |
| 13F shares | Current |
|---|---|
| Total value | 118.91 mm |
| Total shares | 13.87 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| SP Signal Manager | 1.79 mm | $31.49 mm |
| Zazove Associates | 1.21 mm | $8.52 mm |
| Eaton Vance Management | 1.16 mm | $8.17 mm |
| BLK Blackrock | 1.01 mm | $7.07 mm |
| Capital World Investors | 779.37 k | $5.48 mm |
| Standard General | 739.87 k | $5.20 mm |
| Vanguard | 726.09 k | $5.10 mm |
| Dimensional Fund Advisors | 659.32 k | $4.64 mm |
| Cetus Capital VI | 603.41 k | $6.79 mm |
| Littlejohn & Co | 555.48 k | $3.91 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 24 Aug 22 | Farrington Deborah A | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 9,140 | 0.00 | 9,140 |
| 3 May 22 | Gillman Joan H | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 8,613 | 0.00 | 47,800 |
| 3 May 22 | Andrew W Hobson | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 15,546 | 0.00 | 87,328 |
| 3 May 22 | David M Baum | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 8,613 | 0.00 | 47,800 |
Press releases
Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2022 Operating Results
1 Feb 23
Westwood One to Broadcast NFL Conference Championship Sunday, Presented by Intuit Turbo Tax
27 Jan 23
Cumulus Media | Westwood One Audio Active Group® Releases First-Ever Look at the NFL Postseason Audience
19 Jan 23
Former President Donald J. Trump Discusses Classified Documents Found at President Biden's Home and Former Office on Westwood One's "The Mark Levin Show"
13 Jan 23
Westwood One Presents NFL Super Wild Card Weekend
12 Jan 23