{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-22-000156","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2022-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.451758+00:00","generated_at":"2026-06-22T22:22:20.706133+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","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)","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-22-000156","json":"https://secwatch.observer/filing/0001058623-22-000156.json","markdown":"https://secwatch.observer/filing/0001058623-22-000156.md","text":"https://secwatch.observer/filing/0001058623-22-000156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862322000156/0001058623-22-000156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862322000156/cmls-20221028.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T22:22:20.706133+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9acf8a3532d834c66e5c4ae3526ce63d5ffef1b8","claim":"CUMULUS MEDIA INC reported the nine months ended September 30, 2022 results: revenue $ 702,236, net income $ 16,289, EPS Diluted income (loss) per share $ 0.81.","evidence_excerpt":"As Reported Nine Months Ended September 30, 2022 Nine Months ended September 30, 2021 % Change Net revenue $ 702,236 $ 664,163 5.7 % Net income (loss) $ 16,289 $ (360) N/A Adjusted EBITDA (1) $ 123,265 $ 91,617 34.5 % Basic income (loss) per share $ 0.82 $ (0.02) N/A Diluted income (loss) per share $ 0.81 $ (0.02) N/A","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862322000156/0001058623-22-000156-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$ 702,236"},{"label":"Net income","value":"$ 16,289"},{"label":"EPS","value":"Diluted income (loss) per share $ 0.81"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bc0edad80c49cae8500cdb500b94cf7024e7b039","claim":"CUMULUS MEDIA INC reported the three months ended September 30, 2022 results: revenue $ 233,463, net income $ 8,540, EPS Diluted income per share $ 0.45.","evidence_excerpt":"As Reported Three Months Ended September 30, 2022 Three Months Ended September 30, 2021 % Change Net revenue $ 233,463 $ 237,716 (1.8) % Net income $ 8,540 $ 27,448 (68.9) % Adjusted EBITDA (1) $ 46,567 $ 45,828 1.6 % Basic income per share $ 0.45 $ 1.34 N/A Diluted income per share $ 0.45 $ 1.32 N/A","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862322000156/0001058623-22-000156-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$ 233,463"},{"label":"Net income","value":"$ 8,540"},{"label":"EPS","value":"Diluted income per share $ 0.45"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}