Cumulus Media Q2 revenue down 9.7% to $167.9M; net loss narrows to $9.2M

CUMULUS MEDIA INC

Q2 net revenue $167.9M, down 9.7% YoY; net loss $9.2M vs $12.8M loss prior year.
Q2 Adjusted EBITDA $16.0M, down 28.3% YoY; diluted loss per share $0.52.
Six-month revenue $332.4M, down 11.0%; net loss $26.1M vs $45.2M loss.
Chapter 11 plan confirmed by court; FCC approval process underway for emergence.

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