{"filings":[{"id":90988,"accession_number":"0001058623-26-000028","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q1 net loss narrows to $16.9M; court approves reorganization plan","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $16.9M improved 47.9% YoY from $32.4M; diluted EPS loss $0.96 vs $1.88.","Net revenue $164.4M, down 12.2% from $187.3M in prior-year quarter.","Adjusted EBITDA fell 23.6% to $2.7M from $3.5M.","Court approval obtained for reorganization plan; FCC approval still pending.","Stock trades OTC (CMLS.Q) amid ongoing restructuring."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.96,"consensus_revenue_estimate":null,"consensus_revenue_actual":164447000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90987,"accession_number":"0001104659-26-044909","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["1.03","5.02","7.01","8.01","9.01"],"status":"ready","headline":"Cumulus Media's Chapter 11 plan confirmed; eliminates ~$600M debt, existing equity cancelled","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Bankruptcy Court confirmed Plan of Reorganization on April 15, 2026; FCC approval required before emergence.","Plan eliminates approximately $600 million in debt; existing common stock cancelled with no distribution.","New common stock to be issued but not listed on any exchange; company to deregister and suspend SEC reporting.","CEO Mary Berner (base salary reduced to $1.25M) and CFO Frank Lopez-Balboa ($700K) signed amended employment agreements.","10% of new common stock reserved for Management Incentive Plan (MIP Pool) for employees and directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90986,"accession_number":"0001058623-26-000017","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2026-04-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q4 net loss $135M; revenue down 14%; full-year adjusted EBITDA $52M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net revenue $188.1M, down 14% YoY; net loss $135.1M vs $231.1M loss last year.","Full-year revenue $741.7M, down 10.3%; net loss $200.7M; Adjusted EBITDA $52M (-37.1%).","Diluted loss per share $(7.75) for Q4 and $(11.55) for full year 2025.","CEO cites recently announced financial restructuring to reduce debt burden.","Adjusted EBITDA fell 62.2% in Q4 to $9.5M from $25M a year ago."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.96,"consensus_revenue_estimate":null,"consensus_revenue_actual":164447000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100855,"accession_number":"0001104659-26-023855","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2026-03-05T23:59:59+00:00","items":["1.01","1.03","2.04","5.02","7.01","8.01","9.01"],"status":"ready","headline":"Cumulus Media files prepackaged Ch.11; $592M debt equitized; equity cancelled for no recovery","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Prepackaged Chapter 11 filed March 4; Plan equitizes ~$592M debt, cutting annual cash interest ~$49M.","Existing Class A and Class B common stock cancelled for no recovery; holders receive nothing.","Consenting 2029 note/lenders to receive $50M Exit Notes + 95% of new common stock.","Two directors (Castro, Kushner) resigned; Elizabeth Abrams and David Tolley appointed per RSA.","Company continues operations as debtor-in-possession; ABL lenders get new ABL loans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100854,"accession_number":"0001058623-26-000004","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2026-01-15T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cumulus Media appoints Carol Flaton to board; Joan Hogan Gillman resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Joan Hogan Gillman resigned from the board effective Jan 15, 2026; Carol Flaton appointed same day.","Flaton will receive $40,000 per month in cash for her director service.","Flaton brings 30+ years in financial services and governance; serves on QVC Group board.","Chairman Hobson thanked Gillman for eight years of service and contributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":117155,"accession_number":"0001058623-25-000067","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q3 net revenue down 11.5% to $180.3M; net loss widens to $20.4M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $180.3M (-11.5% YoY); net loss $20.4M vs $10.3M loss; Adj. EBITDA $16.7M (-30.8%).","Digital revenue $39.0M (-2.6% YoY, +8.4% ex-Daily Wire); digital marketing services +34%, now 50% of digital.","Annualized fixed cost cuts of $7M in Q3; total since 2019 $182M (over 30% of cost base).","Cash $90.4M; total debt $722.2M; net debt $606.7M; $23.9M debt due 2026.","Diluted loss per share $1.17 vs $0.61 in Q3 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.78,"consensus_revenue_estimate":null,"consensus_revenue_actual":553621000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133604,"accession_number":"0001058623-25-000051","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q2 net revenue $186M, down 9.2% YoY; net loss narrows to $12.8M from $27.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Digital marketing services revenue grew 38% YoY, now ~50% of total digital revenue of $38.8M.","Broadcast spot revenue fell 10.5% to $91.2M; network revenue down 20.5% to $27.3M.","Adjusted EBITDA of $22.4M vs $25.2M in Q2 2024; executed $5M in annualized cost cuts.","Ended Q2 with $96.7M cash, $55M drawn on revolver; total debt $723.7M.","Basic loss per share $(0.74) compared to $(1.64) in prior-year quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":373366000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150307,"accession_number":"0001058623-25-000046","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-05-30T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"All seven director nominees elected at Cumulus Media annual meeting; advisory pay vote and auditor ratified","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Mary G. Berner, Thomas H. Castro, Deborah A. Farrington, Steven M. Galbraith, Joan Hogan Gillman, Andrew W. Hobson, Brian G. Kushner elected to board. Votes For ranged from 9.3M to 10.0M.","Advisory say-on-pay approved with 8.75M For, 1.12M Against, 0.58M Abstain, and 3.32M broker non-votes.","Ratification of PricewaterhouseCoopers LLP as independent auditor for 2025 approved with 13.32M For, 0.13M Against, 0.32M Abstain.","Annual meeting held May 30, 2025; all proposals passed with majority support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150306,"accession_number":"0001058623-25-000043","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q1 net loss widens to $32.4M; revenue down 6.4% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $32.4M ($1.88 diluted EPS) vs $14.2M loss in Q1 2024.","Revenue $187.3M, down 6.4% YoY; broadcast radio revenue fell 10.6%.","Digital revenue up 6.1% (20.4% ex-Daily Wire); digital marketing services grew 30%.","Adjusted EBITDA $3.5M vs $8.4M in prior year; annualized cost cuts of $7.5M.","Total debt $670.2M, with $23.9M maturing in 2026; cash $52.7M at quarter end."],"consensus_eps_estimate":-1.3158,"consensus_eps_actual":-1.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":187349000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":150305,"accession_number":"0001058623-25-000039","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-04-23T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Cumulus Media (CMLS) to be delisted from Nasdaq; will begin trading on OTCQB effective May 2, 2025","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq determined to delist CMLS due to noncompliance with Listing Rules 5450(a)(2) and 5450(b)(1)(A).","Company will not appeal; trading suspension on Nasdaq effective at open on May 2, 2025.","CMLS has qualified for OTCQB quotation and expects trading under symbol CMLS to begin May 2, 2025.","Transition to OTCQB will not affect business operations; company will continue SEC filings."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169296,"accession_number":"0001058623-25-000037","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Cumulus Media adopts director resignation policy for majority vote in uncontested elections","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board unanimously approved amendment to Section 2.7 of Bylaws effective March 4, 2025.","Incumbent director who fails to receive majority of votes cast in non-contested election must tender resignation.","Nominating and Governance Committee to recommend accept/reject; Board decides within 90 days and discloses rationale.","Policy adopted based on stockholder engagement feedback over past year."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169295,"accession_number":"0001058623-25-000034","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-03-07T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Cumulus Media warned by NASDAQ for equity shortfall; must submit compliance plan","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Stockholders' equity of $6.951M as of Dec 31, 2024, below NASDAQ's $10M minimum for Global Market.","Received NASDAQ notice March 6, 2025; must submit compliance plan by April 21, 2025.","If plan accepted, NASDAQ may grant up to 180-day extension to regain compliance.","Company also considering transfer to NASDAQ Capital Market as alternative.","Failure could lead to delisting, subject to appeal process."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169294,"accession_number":"0001058623-25-000030","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media reports FY2024 net loss of $283M, revenue down 2.1% to $827M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $283.3M ($16.79/share) vs $117.9M in 2023; includes $224.5M non-cash impairment.","Revenue declined 2.1% to $827.1M; broadcast radio spot revenue fell 5.6% to $388.8M.","Digital revenue grew 5.3% to $154.2M; digital marketing services up 27%; streaming impressions up 15%.","Adjusted EBITDA fell 8.8% to $82.7M; executed $43M in annualized fixed cost reductions.","Total debt $671.6M, net debt $578.3M; cash $63.8M plus undrawn $125M ABL facility."],"consensus_eps_estimate":-0.5865,"consensus_eps_actual":-16.79,"consensus_revenue_estimate":null,"consensus_revenue_actual":827076000.0,"consensus_period":"2024-FY","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.78,"calibrated_materiality_score":0.78,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169293,"accession_number":"0001058623-25-000025","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cumulus Media lets poison pill expire, appoints Galbraith to Compensation Committee","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholder Rights Plan expired Feb 20, 2025; Board decided not to renew or replace it.","Steven M. Galbraith appointed member and Chairman of Compensation Committee, effective Feb 26, 2025.","No financial impact; both actions are routine governance updates."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":169292,"accession_number":"0001058623-25-000004","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2025-01-22T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cumulus Media appoints top shareholder Steven Galbraith to board after Blank resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Matthew Blank resigned from board effective Jan 22, 2025, will serve as consultant for 18 months.","Steven Galbraith appointed as director; he is a top shareholder via Kindred Capital Advisors.","Galbraith brings investment management background including CIO at Morgan Stanley.","Galbraith meets Nasdaq independence standards; term runs until 2025 annual meeting.","Compensation for Galbraith will be consistent with other non-employee directors on prorated basis."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186329,"accession_number":"0001058623-24-000109","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-12-20T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Cumulus Media receives NASDAQ delisting notice for bid price below $1.00","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["On Dec 16, 2024, NASDAQ notified Cumulus Media (CMLS) of non-compliance with bid price rule (below $1.00 for 30 consecutive days).","Company has until June 16, 2025 to regain compliance by closing at $1.00+ for 10 consecutive business days.","If not cured by June 16, 2025, Cumulus may qualify for an additional 180-day extension if it meets other listing standards.","Company is evaluating options to resolve the deficiency, but there is no assurance of regaining compliance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186328,"accession_number":"0001058623-24-000105","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q3 2024: revenue down 1.8% to $203.6M, net loss of $10.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $203.6M (down 1.8% YoY); net loss $10.3M vs net income $2.7M in Q3 2023.","Adjusted EBITDA $24.1M, down 10.7% from $26.9M in Q3 2023.","Digital revenue $40.0M (+7.5%); digital marketing services revenue grew 38% YoY.","Spot broadcast radio revenue fell 9.0% to $96.4M; network revenue up 5.5% to $42.6M.","Total debt at maturity $642.1M; cash $52.2M; net debt less unamortized discount $590.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":-3.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":608500000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202952,"accession_number":"0001058623-24-000100","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q2 net loss widens to $27.7M; revenue down 2.5% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $204.8M (-2.5% YoY); net loss $27.7M vs $1.1M loss in Q2 2023.","Adjusted EBITDA $25.2M, down 17.8% YoY; diluted loss per share $1.64.","Digital revenue up 5% to $39.4M; digital marketing services grew 24% YoY.","Completed debt exchange: reduced debt by ~$33M, extended maturities to 2029, ABL upsized to $125M.","Fixed costs reduced by ~$4M YoY; cash from ops ex-exchange costs $8.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":-2.49,"consensus_revenue_estimate":null,"consensus_revenue_actual":404902000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219169,"accession_number":"0001104659-24-056549","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-05-03T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Cumulus Media exchanges $325.7M of 6.75% notes for 8% notes due 2029; extends ABL to 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued ~$308.8M of 8.000% Senior Secured First-Lien Notes due 2029 exchanged for 6.750% notes due 2026 at 94% of par.","Issued ~$311.8M of New Term Loans due May 2, 2029 at SOFR+5.00% (1% floor) or base rate+4.00%.","ABL Credit Agreement amended: maturity extended to March 1, 2029 and commitments increased to $125M.","About 96.8% of Old Notes and Old Term Loans combined were tendered; ~$20.5M of Old Notes and ~$1.2M of Old Term Loans remain outstanding.","Exchange offer had 94% participation; Issuer waived 95% minimum condition; settlement occurred May 2, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219168,"accession_number":"0001058623-24-000076","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-05-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q1 revenue $200M, net loss improves; refinances debt to 2029, reduces principal $33M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $200.1M, down 2.7% YoY; net loss $14.2M vs $21.5M loss in Q1 2023; Adjusted EBITDA $8.4M vs $10.3M.","Digital revenue $34.4M (+7.3% YoY); digital marketing services +25% driven by new products and sales investment.","Completed debt exchange with ~97% participation, reducing principal ~$33M, extending maturities from 2026 to 2029.","ABL facility upsized to $125M from $100M, maturity extended to 2029; exchanged Notes at 8%, Term Loans at SOFR+500bps.","Basic & diluted loss per share $0.85, improved from $1.17 loss in Q1 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.85,"consensus_revenue_estimate":null,"consensus_revenue_actual":200053000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219167,"accession_number":"0001058623-24-000069","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Cumulus Media say-on-pay fails; all directors elected despite high withhold votes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Say-on-pay proposal rejected: 6.74M against vs 3.64M for; 4.01M broker non-votes.","All seven director nominees elected, but Mary G. Berner and Thomas H. Castro each received more withheld votes than for votes.","Ratification of PwC as auditor for 2024 approved with 14.19M votes for.","Total broker non-votes of approximately 4.01M shares on non-routine items."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.15,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219166,"accession_number":"0001104659-24-049120","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Cumulus Media amends exchange offer: 6.75% notes for 8% notes due 2029, extends deadline to May 1","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issuer offers $940 principal of new 8% notes due 2029 per $1,000 of old 6.75% notes due 2026; maturity extended to July 2029.","Transaction Support Agreement with holders of ~80% of Old Notes and ~97% of Old Term Loans; 1% PIK fee for supporting group.","Amended expiration time extended to midnight May 1, 2024; withdrawal deadline extended to April 22, 2024.","Exchange offer now subject to minimum 95% tender condition (waivable); as of April 18, ~$15M (4.4%) of Old Notes tendered.","Concurrent Term Loan Exchange Offer for Old Term Loans; both exchanges conditioned on each other."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219165,"accession_number":"0001058623-24-000066","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media provides preliminary Q1 2024 revenue $199-201M, net loss $13.4-14.9M, Adj. EBITDA $7.65-9.15M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue expected $199M-$201M vs $205.7M in Q1 2023, a decline of 2.3%-3.3%.","Net loss narrowed to $13.4M-$14.9M from $21.5M in prior-year quarter.","Adjusted EBITDA of $7.65M-$9.15M versus $10.3M a year earlier, down 11.4%-25.9%.","Full Q1 2024 results will be released on May 3, 2024, with a conference call that morning."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.85,"consensus_revenue_estimate":null,"consensus_revenue_actual":200053000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219164,"accession_number":"0001058623-24-000064","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus Media extends exchange offer expiration to Apr 18; $15M tendered","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Expiration extended to 5pm Apr 18 from 5pm Apr 17; offer remains otherwise unchanged.","As of Apr 17, ~$15M principal amount of old 6.750% notes had been validly tendered.","Exchange offers $770 of new 8.750% notes due 2029 per $1,000 principal of old 6.750% notes due 2026.","Withdrawal deadline expired Mar 11; late tenders only eligible for $770 principal per $1,000."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219163,"accession_number":"0001058623-24-000060","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus Media extends exchange offer expiration to April 17; $15M of old notes tendered","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Expiration time extended to 5:00 p.m. ET on April 17, 2024 (from April 16).","Approximately $15 million aggregate principal amount of old 6.75% notes due 2026 validly tendered and not withdrawn as of April 16.","Holders tendering after March 18 receive $770 of new 8.75% notes per $1,000 of old notes.","Exchange offer is for any and all outstanding old notes; new notes are unregistered and restricted."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219162,"accession_number":"0001058623-24-000055","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus Media extends exchange offer for 6.75% notes to April 16; only $15M tendered","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Expiration extended from April 12 to April 16, 2024 at 5:00 p.m. NY time.","As of April 12, only $15 million aggregate principal of Old Notes tendered.","Exchange offers $770 principal of new 8.750% notes due 2029 per $1,000 of Old Notes.","Old Notes carry 6.750% coupon with 2026 maturity; new notes at 8.750% due 2029.","Early tender deadline of March 18 has passed; withdrawal deadline expired March 11."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219161,"accession_number":"0001058623-24-000053","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus Media extends exchange offer deadline for debt refinancing to April 12, 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extends expiration of exchange offer to April 12, 2024 from April 9, 2024.","Offers to exchange 6.750% Senior Secured First-Lien Notes due 2026 for new 8.750% Notes due 2029.","Approximately $15M aggregate principal of old notes validly tendered as of April 9.","Holders tendering after early deadline receive $770 principal amount of New Notes per $1,000 old notes.","Early tender period ended March 18; withdrawal period expired March 11."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":219160,"accession_number":"0001058623-24-000050","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-04-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus Media extends exchange offer for 2026 notes to Apr 9; $15M tendered","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Extension to April 9, 2024; Early Tender Period ended March 18, so only $770 New Notes per $1,000 Old Notes.","$15M aggregate principal amount of Old Notes validly tendered as of April 2.","Old Notes (6.750% due 2026) exchanged for new 8.750% Senior Secured First-Lien Notes due 2029.","Higher coupon and longer maturity likely to increase interest expense if exchange succeeds.","Withdrawal deadline expired March 11; Issuer may further extend or terminate at its discretion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239034,"accession_number":"0001058623-24-000046","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-03-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus Media extends exchange offer for 6.75% notes to Apr 2; $15M tendered","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Expiration extended from March 26 to April 2, 2024, at 5:00 p.m. NY time.","Old 6.750% notes due 2026 exchangeable for new 8.750% notes due 2029 at $770 principal per $1,000.","Approximately $15 million aggregate principal of old notes tendered and not withdrawn as of March 26.","Early tender deadline (March 18) has passed; late tenderers receive no early premium."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239033,"accession_number":"0001058623-24-000043","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-03-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus subsidiary extends early tender time for exchange of 6.75% notes due 2026 for 8.75% notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issuer extends early tender deadline to March 18, 2024 from March 11, 2024; exchange offer expires March 26.","Holders tendering by early deadline receive $800 principal of 8.75% notes due 2029 per $1,000 of 6.75% notes due 2026 (incl. $30 early premium).","After early deadline, exchange ratio drops to $770 per $1,000.","The exchange offer targets all outstanding 6.75% senior secured first-lien notes due 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239032,"accession_number":"0001058623-24-000027","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-02-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Cumulus subsidiary commences exchange offer for $346M 6.75% notes due 2026 to new 8.75% notes due 2029","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchange offer for all outstanding $346,245,000 of 6.750% Senior Secured First-Lien Notes due 2026.","Early tender (by 5:00 p.m. ET, March 11, 2024) receives $800 principal of new 8.750% notes per $1,000 old notes, including $30 early tender premium.","New notes mature March 15, 2029; old notes mature 2026.","Concurrent consent solicitation to eliminate substantially all restrictive covenants and release collateral if 66.67% consent obtained.","Also offering exchange of Old Term Loans for New Term Loans under a new credit agreement (not conditioned on note exchange)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239031,"accession_number":"0001058623-24-000026","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-02-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media reports FY2023 net loss of $117.9M, revenue down 11.4%; launches debt exchange","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $844.5M (-11.4% YoY); net loss $117.9M vs net income $16.2M; diluted EPS loss $6.83.","Adjusted EBITDA $90.7M (-45.3% YoY); digital revenue $146.4M (+2.9%).","Q4 net revenue $221.3M (-11.9% YoY); net loss $98.1M; adjusted EBITDA $22.8M (-46.6%).","Launches exchange of 6.750% notes due 2026 for 8.750% notes due 2029; term loan exchange.","Retired $43.6M debt at 77.4% of par; total debt retired $130.2M since start of 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":-6.83,"consensus_revenue_estimate":null,"consensus_revenue_actual":844548000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":239030,"accession_number":"0001104659-24-026347","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2024-02-22T23:59:59+00:00","items":["1.01","3.03","8.01","9.01"],"status":"ready","headline":"Cumulus Media adopts poison pill after Renew Group accumulates 10.01%, targets 20%","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Rights plan triggers at 15% beneficial ownership of Class A common stock; expires Feb 20, 2025.","Renew Group Private Ltd. reported 10.01% ownership on Jan 24, 2024, up from 5.15% in July 2023.","Renew Group told management it intends to acquire 20% of the Company; it also holds stake in a direct competitor.","Rights entitle holders (excluding triggering person) to buy shares at 50% discount or exchange 1 Right for 1 share.","Board may redeem Rights at $0.001 per Right at any time before a triggering event is announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":256523,"accession_number":"0001058623-23-000089","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-10-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q3 revenue down 11% to $207.4M; net income $2.7M vs $8.5M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $207.4M, down 11.2% YoY; net income $2.7M vs $8.5M in Q3 2022.","Adjusted EBITDA $26.9M, down 42.2% from $46.6M; digital revenue up 7% to $37.2M.","Broadcast radio revenue fell 17.4% to $146.3M; spot down 15.2%, network down 22.8%.","Retired $5.2M face value of term loans at avg 83.5% of par; sold WDRQ-FM for $10M.","Total debt $675.8M, net debt $592.9M; capital expenditures $7.1M in quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":623247000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":273909,"accession_number":"0001058623-23-000081","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K/A","filed_at":"2023-09-21T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cumulus Media determines to hold annual Say-on-Pay vote until 2029","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholders expressed preference for annual Say-on-Pay votes at the 2023 Annual Meeting held April 26, 2023.","Board of Directors recommended an annual frequency for advisory votes on executive compensation.","Company will hold a Say-on-Pay vote every year until at least the 2029 Annual Meeting of Stockholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":273910,"accession_number":"0001058623-23-000076","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-07-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q2 revenue down 11% to $210.1M; net loss of $1.1M vs profit a year ago","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net revenue $210.1M, down 11.2% YoY; net loss $1.1M vs net income $8.7M in Q2 2022.","Adjusted EBITDA fell 32.6% to $30.7M; diluted EPS -$0.06 vs +$0.42.","Digital revenue $37.5M (18% of total); digital marketing services grew 21% YoY.","Retired $32.2M face value of 6.75% notes at 73.9% of par; repurchased ~10% of shares via $5.7M tender offer.","Total debt $680.9M, lowest in over a decade; sold WDRQ-FM for $10M, closing expected Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.25,"consensus_revenue_estimate":null,"consensus_revenue_actual":415828000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":291021,"accession_number":"0001058623-23-000065","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-06-13T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cumulus Media amends $525M term loan to replace LIBOR with SOFR","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendment replaces LIBOR benchmark with Term SOFR plus 0.10% for the $525M senior secured term loan.","Effective June 9, 2023; no change to principal amount, maturity, or other terms of the credit facility.","Conditions precedent: no default, representations true, lender consent obtained, fees paid.","Existing LIBOR-based loans continue at current rate until the end of their applicable interest period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":291020,"accession_number":"0001058623-23-000050","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-04-27T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Cumulus Media stockholders approve amendment to 2020 equity plan, increasing authorized shares by 700,000","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved amendment to 2020 Equity Plan, increasing share reserve by 700,000 to 2.8M shares.","All seven director nominees elected, including Mary G. Berner and Matthew C. Blank.","Advisory say-on-pay vote passed with ~52% support (6.7M for, 6.1M against).","Advisory vote on frequency: one year approved with 12M votes for.","Ratification of PricewaterhouseCoopers as auditor for 2023 passed with 15.3M votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":291019,"accession_number":"0001058623-23-000049","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-04-27T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q1 net loss widens to $21.5M; revenue down 11% to $205.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $21.5M vs $0.9M loss in Q1 2022; Adjusted EBITDA fell 67% to $10.3M.","Total net revenue $205.7M, down 11.4% YoY; broadcast radio revenue declined 12.5% and network fell 23%.","Digital revenue rose to $32.1M (16% of total); digital marketing services grew 23% YoY.","Completed sale of WFAS-FM for $7.3M; repurchased $1.5M in shares and retired $6.3M face debt at 90.1% of par.","Total debt $713.1M, net debt $594.2M at lowest level in over a decade; cash from operations $23.7M."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.17,"consensus_revenue_estimate":null,"consensus_revenue_actual":205692000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":311838,"accession_number":"0001058623-23-000036","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-03-07T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Cumulus Media approves 2023 quarterly incentive plan for executives based on adjusted EBITDA targets","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["2023 QIP pays quarterly cash awards tied to year-to-date adjusted EBITDA goals.","Target awards as percentage of base salary per existing employment agreements.","If annual target EBITDA met, executives receive 100% of target; threshold yields 50%, maximum yields 200%.","Quarterly payouts of 12.5% of annual target if year-to-date target met; no payment if not met.","Full-year payout reduced by prior quarterly payments; linear interpolation for between-goal performance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":311837,"accession_number":"0001058623-23-000011","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-02-23T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cumulus Media posts FY2022 investor presentation; no specific financial data available in filing excerpt.","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation covers FY2022 results but full content not provided in the filing excerpt.","No revenue, EPS, or guidance figures can be extracted from the available text.","Investors should refer to the full presentation on the company's website for details."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":311836,"accession_number":"0001058623-23-000009","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2023-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media reports 2022 revenue up 4% to $953.5M, Adjusted EBITDA up 23% to $166.0M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full-year net revenue $953.5M (+4% YoY); digital revenue $142M+ (+12%).","Net income $16.2M (-6% YoY) includes $15.5M non-cash FCC impairment charge.","Adjusted EBITDA $166.0M (+23% YoY); margin improved ~270 bps.","Q4 net revenue $251.3M (-0.4% YoY); net loss $0.1M; Adjusted EBITDA $42.7M (-1.2%).","Reduced gross debt by $86.5M; net leverage improved from 4.7x to 3.7x; completed $31.8M in share repurchases."],"consensus_eps_estimate":null,"consensus_eps_actual":0.81,"consensus_revenue_estimate":null,"consensus_revenue_actual":953506000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330405,"accession_number":"0001058623-22-000158","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-10-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cumulus Media posts Q3 2022 investor presentation; no specific data in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filed under Item 7.01 as an investor presentation furnished as Exhibit 99.1.","Presentation title indicates Q3 2022 update, but appended exhibit contains only the cover slide.","No financial results, guidance, or other material metrics are provided in the 8-K or exhibit text."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":330404,"accession_number":"0001058623-22-000156","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-10-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q3 revenue down 1.8% to $233.5M; net income $8.5M vs $27.4M (prior year included $20.8M land sale gain)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $233.5M (-1.8% YoY); net income $8.5M (down 68.9%, but prior year had $20.8M land sale gain).","Adjusted EBITDA $46.6M (+1.6% YoY) as cost reductions offset revenue decline.","Digital revenue grew 5%, led by digital marketing services +12% and streaming +11%.","Reduced net leverage from 4.7x to 3.7x; repurchased 415K shares for $3.9M at avg $9.43."],"consensus_eps_estimate":null,"consensus_eps_actual":0.81,"consensus_revenue_estimate":null,"consensus_revenue_actual":702236000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":347954,"accession_number":"0001058623-22-000141","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-08-22T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Cumulus Media appoints Deborah Farrington to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Deborah Farrington, Co-Founder and Managing Partner of StarVest Partners, appointed effective August 19, 2022.","Farrington appointed to Audit Committee; board expands to seven members; qualifies as independent under Nasdaq rules.","Her initial term runs until 2023 annual meeting; compensation consistent with other non-employee directors.","No arrangements or transactions with Farrington reportable under Item 404(a)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":347953,"accession_number":"0001058623-22-000130","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cumulus Media posts Q2 2022 earnings update; no financial details in excerpt","summary_kind":"llm","event_type":"earnings","confidence":"low","bullets":["Investor presentation for Q2 2022 posted on August 3, 2022.","Presentation furnished as Exhibit 99.1 but full content not included in provided text.","No revenue, EPS, or guidance figures disclosed in the excerpt."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":468773000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":347952,"accession_number":"0001058623-22-000128","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cumulus Media Q2 revenue up 5.4% to $236.7M; net income $8.7M vs loss $5.9M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Digital revenue grew 20% YoY, led by podcasting (+27%) and digital marketing (+22%).","Adjusted EBITDA $45.5M (+23.4%); EBITDA margin improved ~280 bps YoY.","Net income $8.7M vs net loss $5.9M; diluted EPS $0.42 vs ($0.29) loss per share.","Retired $49.8M of senior notes at 96.8% of par; net leverage reduced to 3.8x from 4.7x.","Completed $25M Dutch tender offer (1.7M shares repurchased); $25M remaining under authorization."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":468773000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364528,"accession_number":"0001058623-22-000106","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-06-08T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cumulus Media extends $100M revolving credit facility to June 2027, switches to SOFR","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fifth Amendment extends maturity of $100M revolver to June 3, 2027.","Benchmark rate replaced: LIBOR replaced with SOFR.","Extension fee of $50,000 paid to Fifth Third Bank.","Other terms of the credit agreement remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364527,"accession_number":"0001058623-22-000080","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-05-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cumulus Media stockholders elect all 7 directors, approve say-on-pay and auditor at 2022 meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected: Mary G. Berner (10.5M for), David M. Baum (9.6M for), Matthew C. Blank (9.6M for), and four others.","Advisory vote on named executive officer compensation approved with 10,077,530 for, 821,100 against, 1,673,125 abstain.","Ratification of PricewaterhouseCoopers LLP as independent auditor for 2022 approved with 14,296,690 for, 2,722 against, 811 abstain.","All proposals passed with strong majorities; no contested items or shareholder proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":364526,"accession_number":"0001058623-22-000075","cik":1058623,"company_name":"CUMULUS MEDIA INC","ticker":"CMLS","form_type":"8-K","filed_at":"2022-05-05T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cumulus Media launches $25M modified Dutch auction tender offer at $14.50-$16.50/share","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Offer to purchase up to $25M of Class A common stock at a price between $14.50 and $16.50 per share.","Tender offer commences May 6, 2022, expires June 3, 2022, unless extended or terminated.","Follows Board's authorization of a $50M share buyback program announced on May 4, 2022.","CEO says action reflects belief that company is 'significantly undervalued' and allows shareholder liquidity.","Morgan Stanley serves as dealer manager; D.F. King as information agent; Continental Stock as depositary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":100000.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-05-05T23:59:59+00:00|364526"}