{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-23-000089","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.069870+00:00","generated_at":"2026-06-09T06:39:41.884969+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 Q3 revenue down 11% to $207.4M; net income $2.7M vs $8.5M YoY","bullets":["Net revenue $207.4M, down 11.2% YoY; net income $2.7M vs $8.5M in Q3 2022.","Adjusted EBITDA $26.9M, down 42.2% from $46.6M; digital revenue up 7% to $37.2M.","Broadcast radio revenue fell 17.4% to $146.3M; spot down 15.2%, network down 22.8%.","Retired $5.2M face value of term loans at avg 83.5% of par; sold WDRQ-FM for $10M.","Total debt $675.8M, net debt $592.9M; capital expenditures $7.1M in quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-23-000089","json":"https://secwatch.observer/filing/0001058623-23-000089.json","markdown":"https://secwatch.observer/filing/0001058623-23-000089.md","text":"https://secwatch.observer/filing/0001058623-23-000089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000089/0001058623-23-000089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000089/cmls-20231027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:39:41.884969+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":"694b8a9bb0299e4a381ac926472994b39b703e16","claim":"CUMULUS MEDIA INC reported three and nine months ended September 30, 2023 results: revenue $207.4 million, net income $2.7 million, EPS $0.16.","evidence_excerpt":"a robust political spending cycle, gives us cautious optimism that we may be seeing the early signs of a market recovery.” Q3 Performance Summary: • Posted total net revenue of $207.4 million, a decline of 11% year-over-year • Generated digital revenue of $37.2 million, an increase of 7% year-over-year – representing 18% of total revenue, with growth across streaming,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000089/0001058623-23-000089-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and nine months ended September 30, 2023"},{"label":"Revenue","value":"$207.4 million"},{"label":"Net income","value":"$2.7 million"},{"label":"EPS","value":"$0.16"},{"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"}