{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-23-000076","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2023-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.040853+00:00","generated_at":"2026-06-12T22:47:04.188693+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cumulus Media Q2 revenue down 11% to $210.1M; net loss of $1.1M vs profit a year ago","bullets":["Net revenue $210.1M, down 11.2% YoY; net loss $1.1M vs net income $8.7M in Q2 2022.","Adjusted EBITDA fell 32.6% to $30.7M; diluted EPS -$0.06 vs +$0.42.","Digital revenue $37.5M (18% of total); digital marketing services grew 21% YoY.","Retired $32.2M face value of 6.75% notes at 73.9% of par; repurchased ~10% of shares via $5.7M tender offer.","Total debt $680.9M, lowest in over a decade; sold WDRQ-FM for $10M, closing expected Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-23-000076","json":"https://secwatch.observer/filing/0001058623-23-000076.json","markdown":"https://secwatch.observer/filing/0001058623-23-000076.md","text":"https://secwatch.observer/filing/0001058623-23-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000076/0001058623-23-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000076/cmls-20230728.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:47:04.188693+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":"d2de762d69e33070361f26a3e2596947ddbaee78","claim":"CUMULUS MEDIA INC reported the three and six months ended June 30, 2023 results: revenue $210.1 million, net income net loss of $1.1 million, EPS $(0.06) per share.","evidence_excerpt":"cost reductions, and execute on our strategy to opportunistically deploy capital to maximize long-term shareholder value.” Q2 Performance Summary: • Posted total net revenue of $210.1 million, a decline of 11% year-over-year • Generated digital revenue of $37.5 million, representing 18% of total revenue, driven by digital marketing services growth of 21%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000076/0001058623-23-000076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended June 30, 2023"},{"label":"Revenue","value":"$210.1 million"},{"label":"Net income","value":"net loss of $1.1 million"},{"label":"EPS","value":"$(0.06) per 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"}