OverviewSuggest Edit

Cumulus Media owns and operates radio stations. The Company operates in two segments, Radio Station Group and Westwood One. It sells commercial advertising time to local, regional, and national advertisers, and network advertising. The Company offers content through approximately 445 owned-and-operated stations, 8,200 broadcast radio affiliates and various digital channels.

TypePublic
Founded1997
HQAtlanta, GA, US
Websitecumulusmedia.com
Employee Ratings2.9

Latest Updates

Employees (est.) (Dec 2019)3,139(-8%)
Job Openings175
Revenue (FY, 2020)$816.2 M(-26%)
Share Price (Sept 2021)$10.1
Cybersecurity ratingCMore

Key People/Management at Cumulus Media

Andy Hobson

Andy Hobson

Chairman of the Board
Mary Berner

Mary Berner

President & CEO, Director
Richard Denning

Richard Denning

EVP, Secretary & General Counsel
David Baum

David Baum

Director
Frank Lopez-Balboa

Frank Lopez-Balboa

EVP, Chief Financial Officer
Matthew Blank

Matthew Blank

Director
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Cumulus Media Office Locations

Cumulus Media has offices in Atlanta and New York
Atlanta, GA, US (HQ)
3280 Peachtree Rd #2300
New York, NY, US
220 W 42nd St
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Cumulus Media Financials and Metrics

Cumulus Media Revenue

Cumulus Media's revenue was reported to be $816.22 m in FY, 2020
USD

Revenue (Q1, 2021)

201.7m

Net income (Q1, 2021)

(21.9m)

EBIT (Q1, 2021)

(8.6m)

Market capitalization (15-Sept-2021)

206.9m

Closing stock price (15-Sept-2021)

10.1

Cash (31-Mar-2021)

293.8m

EV

812.8m
Cumulus Media's current market capitalization is $206.9 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019FY, 2020

Revenue

549.5m1.1b1.0b1.3b1.2b1.1b1.1b1.1b816.2m

Revenue growth, %

23%(7%)(2%)

Cost of goods sold

3.5m

Gross profit

1.1b
Annual
USDY, 2009Y, 2010FY, 2011Y, 2011FY, 2012Y, 2012FY, 2013Y, 2013FY, 2014Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

16.2m12.8m30.6m30.6m88.1m88.1m32.8m32.8m7.3m7.3m31.7m31.7m131.3m102.9m15.1m271.8m

Accounts Receivable

236.8m207.6m264.8m248.3m243.4m235.2m242.6m201.3m

Prepaid Expenses

22.3m45.4m68.9m87.7m26.9m42.3m31.3m27.9m

Inventories

68.9m87.7m26.9m33.9m
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Cumulus Media Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Cumulus Media Online and Social Media Presence

Embed Graph

Cumulus Media News and Updates

Cumulus Media Announces Agreement to Sell WABC to Red Apple Media for $12.5 Million

ATLANTA, June 27, 2019 (GLOBE NEWSWIRE) -- Cumulus Media Inc. [NASDAQ: CMLS] (the “Company,” “Cumulus,” “we,” “us,” or “our”) today announced that it has entered into an agreement to sell WABC (AM) in New York City to Red Apple Media, Inc., a wholly-owned subsidiary of Red Apple Group, for $12.5 m…

Cumulus Media Announces Upsizing and Pricing of $500 Million Offering of Senior Secured First-Lien Notes

ATLANTA, June 12, 2019 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company”, “Cumulus”, “we”, “us” or “our”), announced today that Cumulus Media New Holdings Inc., its indirect wholly owned subsidiary (the “Issuer”), has priced $500 million in aggregate principal amount of 6.750% s…

Meruelo Media Enters LMA with Cumulus Media To Purchase KLOS-FM

LOS ANGELES, April 15, 2019 /PRNewswire/ -- Meruelo Group announced today that its media division, Meruelo Media, entered into an agreement with Cumulus Media Inc. [NASDAQ: CMLS] to purchase KLOS-FM in Los Angeles. KLOS-FM will join KPWR, KDAY, KDEY-FM, KWHY-TV, and KBEH as the sixth...

Radio Market will touch a new level in upcoming year – Key Players involved in the research like Bell Canada Enterprises, Communicorp Media, Cumulus Media, Entercom Sirius XM

“Radio is the technology of using radio waves to carry information, such as sound, by systematically modulating properties of electromagnetic energy waves transmitted through space, such as their amplitude, frequency, phase, or pulse width. The Radio market is expected to grow worth of USD +11 Billi…

Cumulus Media Blogs

Emmy-Winning Host Catie Keogh Takes 890 WLS-AM Listeners on New Travel Adventures in “Let’s Go with Catie Keogh”

CUMULUS MEDIA announces that Chicago News/Talk radio station 890 WLS-AM will debut a new Sunday radio show for travel enthusiasts and Chicagoland explorers this Sunday, September 17th,, at 7:00pm. The post Emmy-Winning Host Catie Keogh Takes 890 WLS-AM Listeners on New Travel Adventures in “Let’s Go…

Why Advertise In Podcasts? According To The Westwood One 2021 Audioscape, Podcasts Are Number One In Media Attentiveness

Podcast listeners are a desirable group of consumers who spend a lot of their time with audio. According to the latest Westwood One 2021 Audioscape findings, podcast listeners are also highly attentive, warranting high CPMs for the medium. The post Why Advertise In Podcasts? According To The Westwoo…

AUDACY AND CUMULUS MEDIA ANNOUNCE CONTENT DISTRIBUTION PARTNERSHIP

CUMULUS MEDIA Stations and Podcasts Now Available on Audacy Digital Platform The post AUDACY AND CUMULUS MEDIA ANNOUNCE CONTENT DISTRIBUTION PARTNERSHIP appeared first on Cumulus Media.

CUMULUS MEDIA Appoints Bret Gogoel as Executive Producer of “The John Howell Show” on Chicago’s 890 WLS-AM

Gogoel steps up to fill the role vacated by Mallory Vor Broker, who is now on-air reporter for 890 WLS-AM, covering Chicago City Hall and the political beat for 890 WLS-AM following the retirement of Bill Cameron. The post CUMULUS MEDIA Appoints Bret Gogoel as Executive Producer of “The John Howell …

CUMULUS MEDIA Brings Powerful Gospel Station to New Orleans With the Launch of Heaven 106.7 FM/KKND

New Station is the Only 100,000-Watt Gospel Station in New Orleans The post CUMULUS MEDIA Brings Powerful Gospel Station to New Orleans With the Launch of Heaven 106.7 FM/KKND appeared first on Cumulus Media.

Have Fun and Stay Safe With Q99.7 at Atlanta’s 2021 Music Midtown Festival!

Cumulus Atlanta radio station Q99.7/WWWQ-FM will give away 5000 Q99.7-branded PPE face masks FREE while supplies last at the upcoming 2021 Music Midtown Festival in Atlanta’s Piedmont Park. Stop by the Q99.7 tent on “Radio Row” at Music Midtown and pick up your complimentary Q99.7 face mask. Look gr…
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Cumulus Media Frequently Asked Questions

  • When was Cumulus Media founded?

    Cumulus Media was founded in 1997.

  • Who are Cumulus Media key executives?

    Cumulus Media's key executives are Andy Hobson, Mary Berner and Richard Denning.

  • How many employees does Cumulus Media have?

    Cumulus Media has 3,139 employees.

  • What is Cumulus Media revenue?

    Latest Cumulus Media annual revenue is $816.2 m.

  • What is Cumulus Media revenue per employee?

    Latest Cumulus Media revenue per employee is $260 k.

  • Who are Cumulus Media competitors?

    Competitors of Cumulus Media include Endeavor, Music Broadcast and NRJ Group.

  • Where is Cumulus Media headquarters?

    Cumulus Media headquarters is located at 3280 Peachtree Rd #2300, Atlanta.

  • Where are Cumulus Media offices?

    Cumulus Media has offices in Atlanta and New York.

  • How many offices does Cumulus Media have?

    Cumulus Media has 2 offices.