secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001058623-24-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cumulus Media Q3 2024: revenue down 1.8% to $203.6M, net loss of $10.3M
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- Revenue $203.6M (down 1.8% YoY); net loss $10.3M vs net income $2.7M in Q3 2023.
- Adjusted EBITDA $24.1M, down 10.7% from $26.9M in Q3 2023.
- Digital revenue $40.0M (+7.5%); digital marketing services revenue grew 38% YoY.
- Spot broadcast radio revenue fell 9.0% to $96.4M; network revenue up 5.5% to $42.6M.
- Total debt at maturity $642.1M; cash $52.2M; net debt less unamortized discount $590.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862324000105/0001058623-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862324000105/cmls-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001058623-24-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer