Fundz

Cumulus Media

Nashville-Davidson, Tennessee, United States · Advertising, Digital Media · 3,200 employees

Cumulus Media (NASDAQ: CMLS) is an audio-first media company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. Cumulus Media engages listeners with high-quality local programming through 401 owned-and-operated radio stations across 85 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic bra

Recent signals

  • May 18, 2026: Buffalo Bills Announce Partnership with Cumulus Media for Radio Broadcasts Starting 2026 Season.
  • Mar 04, 2026: SEC 8-K (1.03): Cumulus Media Inc. has initiated a comprehensive debt restructuring process as part of a prepackaged plan under a Restructuring Support Agreement with key debtholders. This restructuring is aimed at significantly reducing the company’s funded debt by over $592 million, alongside an expected annual reduction in cash interest expenses of approximately $49 million. The restructuring began on March 4, 2026, with the filing of voluntary Chapter 11 Cases. This strategic move is intended to enhance the company’s financial health and sustainability going forward, enabling it to better manage its obligations.
  • Mar 04, 2026: SEC 8-K (1.03): Cumulus Media Inc. has initiated a comprehensive debt restructuring, filing for voluntary Chapter 11 bankruptcy on March 4, 2026, under a Restructuring Support Agreement. This restructuring aims to reduce its funded debt by over $592 million, significantly improving its balance sheet and reducing annual cash interest expenses by approximately $49 million. The Company Parties plan to implement a prepackaged plan of reorganization, which indicates a strategic move to stabilize operations and address financial obligations effectively.
  • Jan 14, 2026: SEC 8-K (5.02): On January 14, 2026, Joan Hogan Gillman notified Cumulus Media Inc. of her intent to resign from the Board of Directors, effective January 15, 2026, upon the election of her successor. The Board appointed Carol Flaton to replace her, effective January 15, 2026. Flaton meets the SEC's independence requirements and will serve a term expiring at the 2026 annual meeting of stockholders. This change may impact the governance of the company given that it involves a board member's resignation and appointment of a successor, aligning with the company’s strategy and governance practices.
  • Nov 22, 2024: Launched Cumulus Media Launches New Podcast Series 'Liberty and Learning' Hosted by Mark Levin and Dr. Larry Arnn to Explore Founding Principles of the U.S.
  • Oct 30, 2024: Cumulus Appoints Leslie Whittle as VP of CHR/Hot AC Formats
  • Oct 29, 2024: Cumulus Media and TuneIn Renew and Expand Content Partnership
  • Jul 02, 2024: Mark Levin Extends Contract With Westwood One and Cumulus Media

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