Recent 8-K filings for CMLS
Highest-materiality recent filing
Cumulus Media files prepackaged Ch.11; $592M debt equitized; equity cancelled for no recovery
- Prepackaged Chapter 11 filed March 4; Plan equitizes ~$592M debt, cutting annual cash interest ~$49M.
- Existing Class A and Class B common stock cancelled for no recovery; holders receive nothing.
-
Cumulus Media Q1 net loss narrows to $16.9M; court approves reorganization plan
Net loss of $16.9M improved 47.9% YoY from $32.4M; diluted EPS loss $0.96 vs $1.88.
-
Cumulus Media's Chapter 11 plan confirmed; eliminates ~$600M debt, existing equity cancelled
Bankruptcy Court confirmed Plan of Reorganization on April 15, 2026; FCC approval required before emergence.
-
Cumulus Media Q4 net loss $135M; revenue down 14%; full-year adjusted EBITDA $52M
Q4 net revenue $188.1M, down 14% YoY; net loss $135.1M vs $231.1M loss last year.
-
Cumulus Media files prepackaged Ch.11; $592M debt equitized; equity cancelled for no recovery
Prepackaged Chapter 11 filed March 4; Plan equitizes ~$592M debt, cutting annual cash interest ~$49M.
-
Cumulus Media appoints Carol Flaton to board; Joan Hogan Gillman resigns
Joan Hogan Gillman resigned from the board effective Jan 15, 2026; Carol Flaton appointed same day.
-
Cumulus Media Q3 net revenue down 11.5% to $180.3M; net loss widens to $20.4M
Net revenue $180.3M (-11.5% YoY); net loss $20.4M vs $10.3M loss; Adj. EBITDA $16.7M (-30.8%).
-
Cumulus Media Q2 net revenue $186M, down 9.2% YoY; net loss narrows to $12.8M from $27.7M
Digital marketing services revenue grew 38% YoY, now ~50% of total digital revenue of $38.8M.
-
Mary G. Berner, Thomas H. Castro, Deborah A. Farrington, Steven M. Galbraith, Joan Hogan Gillman, Andrew W. Hobson, Brian G. Kushner elected to board. Votes For ranged from 9.3M to 10.0M.
-
Cumulus Media Q1 net loss widens to $32.4M; revenue down 6.4% YoY
Net loss $32.4M ($1.88 diluted EPS) vs $14.2M loss in Q1 2024.
-
Cumulus Media (CMLS) to be delisted from Nasdaq; will begin trading on OTCQB effective May 2, 2025
Nasdaq determined to delist CMLS due to noncompliance with Listing Rules 5450(a)(2) and 5450(b)(1)(A).
-
Cumulus Media adopts director resignation policy for majority vote in uncontested elections
Board unanimously approved amendment to Section 2.7 of Bylaws effective March 4, 2025.
-
Cumulus Media warned by NASDAQ for equity shortfall; must submit compliance plan
Stockholders' equity of $6.951M as of Dec 31, 2024, below NASDAQ's $10M minimum for Global Market.
-
Cumulus Media reports FY2024 net loss of $283M, revenue down 2.1% to $827M
Net loss of $283.3M ($16.79/share) vs $117.9M in 2023; includes $224.5M non-cash impairment.
-
Cumulus Media lets poison pill expire, appoints Galbraith to Compensation Committee
Stockholder Rights Plan expired Feb 20, 2025; Board decided not to renew or replace it.
Earnings & guidance
Materiality & sentiment trend
Max materiality 1.00 · Median 0.70 · Most common event earnings