{"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"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","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,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}