{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-24-000076","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.086787+00:00","generated_at":"2026-06-02T22:50:50.269774+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cumulus Media Q1 revenue $200M, net loss improves; refinances debt to 2029, reduces principal $33M","bullets":["Net revenue $200.1M, down 2.7% YoY; net loss $14.2M vs $21.5M loss in Q1 2023; Adjusted EBITDA $8.4M vs $10.3M.","Digital revenue $34.4M (+7.3% YoY); digital marketing services +25% driven by new products and sales investment.","Completed debt exchange with ~97% participation, reducing principal ~$33M, extending maturities from 2026 to 2029.","ABL facility upsized to $125M from $100M, maturity extended to 2029; exchanged Notes at 8%, Term Loans at SOFR+500bps.","Basic & diluted loss per share $0.85, improved from $1.17 loss in Q1 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-24-000076","json":"https://secwatch.observer/filing/0001058623-24-000076.json","markdown":"https://secwatch.observer/filing/0001058623-24-000076.md","text":"https://secwatch.observer/filing/0001058623-24-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000076/0001058623-24-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000076/cmls-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:50:50.269774+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":"8b75ccc609bcd7bedb13584ea5ba84805f119f6f","claim":"CUMULUS MEDIA INC reported three months ended March 31, 2024 results: revenue $200.1 million, net income net loss of $14.2 million, EPS Basic loss per share $ (0.85).","evidence_excerpt":"For the three months ended March 31, 2024, the Company reported net revenue of $200.1 million, a decrease of 2.7% from the three months ended March 31, 2023, net loss of $14.2 million and Adjusted EBITDA of $8.4 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000076/0001058623-24-000076-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$200.1 million"},{"label":"Net income","value":"net loss of $14.2 million"},{"label":"EPS","value":"Basic loss per share $ (0.85)"},{"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"}