{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-25-000030","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2025-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.832236+00:00","generated_at":"2026-05-26T00:57:39.884436+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.78,"confidence":"high","headline":"Cumulus Media reports FY2024 net loss of $283M, revenue down 2.1% to $827M","bullets":["Net loss of $283.3M ($16.79/share) vs $117.9M in 2023; includes $224.5M non-cash impairment.","Revenue declined 2.1% to $827.1M; broadcast radio spot revenue fell 5.6% to $388.8M.","Digital revenue grew 5.3% to $154.2M; digital marketing services up 27%; streaming impressions up 15%.","Adjusted EBITDA fell 8.8% to $82.7M; executed $43M in annualized fixed cost reductions.","Total debt $671.6M, net debt $578.3M; cash $63.8M plus undrawn $125M ABL facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-25-000030","json":"https://secwatch.observer/filing/0001058623-25-000030.json","markdown":"https://secwatch.observer/filing/0001058623-25-000030.md","text":"https://secwatch.observer/filing/0001058623-25-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862325000030/0001058623-25-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862325000030/cmls-20250227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T00:57:39.884436+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}