Last $3.80 USD
Change Today +0.10 / 2.70%
Volume 2.8M
CMLS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

cumulus media inc-cl a (CMLS) Snapshot

Open
$3.70
Previous Close
$3.70
Day High
$3.87
Day Low
$3.68
52 Week High
01/7/14 - $8.19
52 Week Low
10/14/14 - $3.02
Market Cap
896.8M
Average Volume 10 Days
3.3M
EPS TTM
$0.33
Shares Outstanding
232.0M
EX-Date
--
P/E TM
11.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for CUMULUS MEDIA INC-CL A (CMLS)

cumulus media inc-cl a (CMLS) Details

Cumulus Media Inc. owns and operates commercial radio station clusters in the United States. It sells local, regional, and national advertising for broadcast on its radio stations. As of February 27, 2014, the company’s audio content was distributed through approximately 460 owned operated stations in 89 United States media markets; approximately 10,000 broadcast radio affiliates; and through various digital channels, including a national streaming/mobile platform and partnership with digital audio provider. Cumulus Media Inc. was founded in 1997 and is headquartered in Atlanta, Georgia.

4,058 Employees
Last Reported Date: 03/17/14
Founded in 1997

cumulus media inc-cl a (CMLS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.8M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $618.8K
Executive Vice President of Content and Progr...
Total Annual Compensation: $1.0M
Executive Vice President
Total Annual Compensation: $920.3K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2013.

cumulus media inc-cl a (CMLS) Key Developments

Cumulus Media Announces New Organizational Leadership Structure

Cumulus Media Inc. announced that it is putting in place a new organizational leadership structure, the goal of which is to enhance the company's strategic and operational focus and leverage its business platform. As part of the executive organizational changes, Cumulus will be eliminating its Co-Chief Operating Officer positions, previously held by Jon Pinch and John Dickey. Mr. Pinch will be retiring at the end of November, after more than 45 years in the broadcasting industry and 14 years with Cumulus. The newly-created leadership positions will report directly to Lew Dickey. Executive Vice President of Radio -- Cumulus has engaged executive search firm Spencer Stuart to assist in identifying an exceptional candidate for the newly-created position of Executive Vice President of Radio. The executive that assumes this position will be focused on providing day-to-day operational and strategic leadership of Cumulus' radio station group consisting of 460 stations in 90 U.S. markets. Executive Vice President of Content and Programming -- John Dickey, who served as Co-COO since 2006, was named to the newly-created position of Executive Vice President of Content and Programming. He will focus on developing and maximizing content and programming. Establishing this focused position recognizes the critical importance of Cumulus' development and promotion of content and programming across the Company's station group, Westwood One network and other media platforms including Nash and Rdio. President of Westwood One -- Steve Shaw, who joined Cumulus in early 2013 and served as head of national spot sales for Cumulus' station group, will serve as President of Westwood One and oversee all national and digital sales for Westwood One, Cumulus' station group and Rdio.

Cumulus Media Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Outlook for the Second Half of 2014; Revises Capex Outlook for the Full Year 2014

Cumulus Media Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $328.247 million compared to $270.306 million a year ago. Operating income was $58.433 million compared to $73.952 million a year ago. Income from continuing operations before income taxes was $25.9 million compared to $25.187 million a year ago. Income from continuing operations was $15.137 million or $0.06 per diluted share compared to $15.114 million or $0.05 per diluted share a year ago. Net income was $15.137 million or $0.06 per diluted share compared to $27.101 million or $0.11 per diluted share a year ago. Adjusted EBITDA was $100.522 million compared to $103.061 million a year ago. Capital expenditures totaled $9.9 million, comprised of $1.3 million related to ongoing maintenance and upgrades across broadcast platform and $8.6 million related to one time investments at WestwoodOne. Capital expenditures during the three months ended June 30, 2013 were $2.8 million. For six months, the company reported net revenue of $620.291 million compared to $488.145 million a year ago. Operating income was $77.555 million compared to $93.229 million a year ago. Income from continuing operations before income taxes was $9.023 million compared to $0.499 million a year ago. Income from continuing operations was $5.868 million or $0.02 per diluted share compared to loss of $11.550 million or $0.11 per diluted share a year ago. Net income was $5.868 million or $0.02 per diluted share compared to $18.112 million or $0.06 per diluted share a year ago. Adjusted EBITDA was $159.268 million compared to $156.506 million a year ago. Capital expenditures totaled $11.2 million, the majority of which related to one time investments in WestwoodOne. Capital expenditures during the six months ended June 30, 2013 were $4.8 million. For the second half of 2014, the company expects both revenue and EBITDA to have positive growth in the back half of this year. The company now expects to see full year CapEx now at about $20 million, and that's up from the $12 million to $15 million that was guided previously.

Cumulus Media Inc. Presents at 5th Annual Credit Suisse Small & Mid Cap Conference, Sep-16-2014 11:30 AM

Cumulus Media Inc. Presents at 5th Annual Credit Suisse Small & Mid Cap Conference, Sep-16-2014 11:30 AM. Venue: The Waldorf Astoria, 301 Park Avenue (between 49th & 50th Streets), New York, New York, United States. Speakers: J.P. Hannan, CFO.

 

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CMLS Competitors

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Company Last Change
Entercom Communications Corp $9.05 USD +0.31
Gray Television Inc $8.56 USD -0.01
Journal Communications Inc $8.76 USD +0.17
LIN Media LLC $23.12 USD -0.03
Radio One Inc $2.62 USD +0.02
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Industry Analysis

CMLS

Industry Average

Valuation CMLS Industry Range
Price/Earnings 15.2x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful
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