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.
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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.
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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.
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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.
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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.
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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%).
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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.
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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.
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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).
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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.
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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.
Earnings & guidance
Materiality & sentiment trend
Max materiality 1.00 · Median 0.70 · Most common event earnings