{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-23-000009","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.691601+00:00","generated_at":"2026-06-19T01:22:29.953255+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cumulus Media reports 2022 revenue up 4% to $953.5M, Adjusted EBITDA up 23% to $166.0M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-23-000009","json":"https://secwatch.observer/filing/0001058623-23-000009.json","markdown":"https://secwatch.observer/filing/0001058623-23-000009.md","text":"https://secwatch.observer/filing/0001058623-23-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000009/0001058623-23-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000009/cmls-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:22:29.953255+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":"682145366899a99356075feaa833a7b5588044e7","claim":"CUMULUS MEDIA INC reported three months ended December 31, 2022 results: revenue $251,270, net income $(54), EPS $(0.00).","evidence_excerpt":"As Reported Three Months Ended December 31, 2022 Three Months Ended December 31, 2021 % Change Net revenue $ 251,270 $ 252,304 (0.4) % Net (loss) income $ (54) $ 17,639 N/A Adjusted EBITDA $ 42,717 $ 43,241 (1.2) % Basic (loss) income per share $ (0.00) $ 0.86 N/A Diluted (loss) income per share $ (0.00) $ 0.84 N/A","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000009/0001058623-23-000009-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Revenue","value":"$251,270"},{"label":"Net income","value":"$(54)"},{"label":"EPS","value":"$(0.00)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"be5a285e27726d3e3544c63279b199dbb5494eca","claim":"CUMULUS MEDIA INC reported year ended December 31, 2022 results: revenue $953,506, net income $16,235, EPS $0.83.","evidence_excerpt":"As Reported Year Ended December 31, 2022 Year Ended December 31, 2021 % Change Net revenue $ 953,506 $ 916,467 4.0 % Net income $ 16,235 $ 17,278 (6.0) % Adjusted EBITDA $ 165,982 $ 134,857 23.1 % Basic income per share $ 0.83 $ 0.84 (1.2) % Diluted income per share $ 0.81 $ 0.83 (2.4) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000009/0001058623-23-000009-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2022"},{"label":"Revenue","value":"$953,506"},{"label":"Net income","value":"$16,235"},{"label":"EPS","value":"$0.83"},{"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"}