{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-24-000026","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.253258+00:00","generated_at":"2026-06-05T10:27:35.540991+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 reports FY2023 net loss of $117.9M, revenue down 11.4%; launches debt exchange","bullets":["Net revenue $844.5M (-11.4% YoY); net loss $117.9M vs net income $16.2M; diluted EPS loss $6.83.","Adjusted EBITDA $90.7M (-45.3% YoY); digital revenue $146.4M (+2.9%).","Q4 net revenue $221.3M (-11.9% YoY); net loss $98.1M; adjusted EBITDA $22.8M (-46.6%).","Launches exchange of 6.750% notes due 2026 for 8.750% notes due 2029; term loan exchange.","Retired $43.6M debt at 77.4% of par; total debt retired $130.2M since start of 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-24-000026","json":"https://secwatch.observer/filing/0001058623-24-000026.json","markdown":"https://secwatch.observer/filing/0001058623-24-000026.md","text":"https://secwatch.observer/filing/0001058623-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000026/0001058623-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000026/cmls-20240227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T10:27:35.540991+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":"225f5f823773dd7680d0fee5a43ebee8ff4654c2","claim":"CUMULUS MEDIA INC reported the year ended December 31, 2023 results: revenue $ 844,548, net income $ (117,879), EPS $ (6.83).","evidence_excerpt":"Net revenue $ 844,548 $ 953,506 (11.4) % Net (loss) income $ (117,879) $ 16,235 N/A Adjusted EBITDA $ 90,728 $ 165,982 (45.3) % Basic (loss) income per share $ (6.83) $ 0.83 N/A Diluted (loss) income per share $ (6.83) $ 0.81 N/A","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000026/0001058623-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$ 844,548"},{"label":"Net income","value":"$ (117,879)"},{"label":"EPS","value":"$ (6.83)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"aea33f9fde64c04c319141029702d5986640da8e","claim":"CUMULUS MEDIA INC reported the three months ended December 31, 2023 results: revenue $ 221,301, net income $ (98,066), EPS $ (5.94).","evidence_excerpt":"Net revenue $ 221,301 $ 251,270 (11.9) % Net loss $ (98,066) $ (54) 181,503.7 % Adjusted EBITDA $ 22,798 $ 42,717 (46.6) % Basic loss per share $ (5.94) $ (0.00) N/A Diluted loss per share $ (5.94) $ (0.00) N/A","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000026/0001058623-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2023"},{"label":"Revenue","value":"$ 221,301"},{"label":"Net income","value":"$ (98,066)"},{"label":"EPS","value":"$ (5.94)"},{"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"}