secwatch.observer — SEC 8-K summary
======================================

Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001058623-22-000128
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cumulus Media Q2 revenue up 5.4% to $236.7M; net income $8.7M vs loss $5.9M YoY
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862322000128/0001058623-22-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862322000128/cmls-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001058623-22-000128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer