{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-23-000049","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.803851+00:00","generated_at":"2026-06-16T07:57:14.150564+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cumulus Media Q1 net loss widens to $21.5M; revenue down 11% to $205.7M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-23-000049","json":"https://secwatch.observer/filing/0001058623-23-000049.json","markdown":"https://secwatch.observer/filing/0001058623-23-000049.md","text":"https://secwatch.observer/filing/0001058623-23-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000049/0001058623-23-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000049/cmls-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:57:14.150564+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":"042d94941868915ac2fa70f1e29518b7fb1b3ff3","claim":"CUMULUS MEDIA INC reported the three months ended March 31, 2023 results: revenue $205.7 million, net income net loss of $21.5 million, EPS $(1.17) per basic share.","evidence_excerpt":"are not only well-positioned to weather the current storm but will rebound strongly when the market eventually recovers.\" Q1 Performance Summary: • Posted total net revenue of $205.7 million, a decline of 11% year-over-year • Increased digital revenue to $32.1 million, representing 16% of total revenue ◦ Grew digital marketing services 23% year-over-year, driven by","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000049/0001058623-23-000049-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$205.7 million"},{"label":"Net income","value":"net loss of $21.5 million"},{"label":"EPS","value":"$(1.17) per basic share"},{"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"}