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Cumulus Media

Cumulus Media
1997 FOUNDED
PUBLIC STATUS
5K-10K EMPLOYEES
CMLS STOCK SYMBOL
26 INVESTMENTS
$14.14 SHARE PRICE (As of Wednesday Closing)
Description

Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. Its segments include the Cumulus Radio Station Group and Westwood One. Cumulus Radio Station Group operates in the sale of broadcasting time to local, regional, and national advertisers. Westwood One operates through network advertising. The company's revenue is derived mainly from the sale of commercial airtime to local and national advertisers.

Formerly Known As
Cumulus Holdings
Ownership Status
Publicly Held
Financing Status
Corporate Backed or Acquired
Primary Industry
Broadcasting, Radio and Television
Other Industries
Media and Information Services (B2B)
Stock Exchange
NAS
Primary Office
  • 3280 Peachtree Road, NorthWest
  • Suite 2300
  • Atlanta, GA 30305
  • United States

+1 (404) 000-0000
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Cumulus Media Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$9.70 - $20.00 $242M $14.39 $46.00 115K 17M

Cumulus Media Financials Summary

In Thousands,
USD
TTM
31-Dec-2018
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 1,421,672 1,421,672 2,243,992 2,282,375
Revenue 1,140,360 1,140,360 1,135,662 1,141,400
EBITDA 675,367 675,367 (192,491) (323,374)
Net Income 757,581 757,581 (206,565) (510,720)
Total Assets 2,027,319 2,412,691
Total Debt 0 2,384,157
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Cumulus Media Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Cumulus Media Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
00000000 000000000 Formerly PE-Backed Bala Cynwyd, PA 0000 00000 000000000 00000
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Cumulus Media Investments & Acquisitions (26)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 00000 15-Jun-2018 000000000000000000 Broadcasting, Radio and Television 0000 000000
0000 00 00.0 26-May-2014 000000000000000000 Broadcasting, Radio and Television
000000 00000 (0000 03-Jan-2014 000000000000000000 Broadcasting, Radio and Television 0000 000000
0000 000000 12-Dec-2013 000000000000000000 00000 Broadcasting, Radio and Television 00000 000000 00.
Rdio 15-Sep-2013 Corporate 0000 Application Software
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Cumulus Media Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
0000 15-Sep-2013 000000000 0000 Completed
  • 0000000 00000
0000000 00000 (00 02-Dec-2003 000000000 00000 00 0000 Completed
  • 0000000 00000
iBiquity Digital 23-Aug-2000 Platform Creation Completed
  • 29 buyers
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Cumulus Media Subsidiaries (1)

Company Name Industry Location Founded
0000 Broadcasting, Radio and Television Erie, PA 0000
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Cumulus Media Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Cumulus Media Executive Team (14)

Name Title Board
Seat
Contact
Info
Mary Berner Chief Executive Officer & Board Member
Suzanne Grimes Executive Vice President & President
John Abbot Chief Financial Officer & Chief Accounting Officer
Danny Tsai Director, Revenue Strategy and Analytics
Richard Denning JD General Counsel & Secretary

7 Former Executives

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Cumulus Media Board Members (12)

Name Representing Role Since Contact
Info
00000 0000000 00.0 Self Board Member 000 0000
0000 000000 Cumulus Media Chief Executive Officer & Board Member 000 0000

10 Former Board Members

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