{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-25-000067","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2025-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.685019+00:00","generated_at":"2026-05-17T01:13:18.338701+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"confidence":"high","headline":"Cumulus Media Q3 net revenue down 11.5% to $180.3M; net loss widens to $20.4M","bullets":["Net revenue $180.3M (-11.5% YoY); net loss $20.4M vs $10.3M loss; Adj. EBITDA $16.7M (-30.8%).","Digital revenue $39.0M (-2.6% YoY, +8.4% ex-Daily Wire); digital marketing services +34%, now 50% of digital.","Annualized fixed cost cuts of $7M in Q3; total since 2019 $182M (over 30% of cost base).","Cash $90.4M; total debt $722.2M; net debt $606.7M; $23.9M debt due 2026.","Diluted loss per share $1.17 vs $0.61 in Q3 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-25-000067","json":"https://secwatch.observer/filing/0001058623-25-000067.json","markdown":"https://secwatch.observer/filing/0001058623-25-000067.md","text":"https://secwatch.observer/filing/0001058623-25-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862325000067/0001058623-25-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862325000067/cmls-20251030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:13:18.338701+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"}