Last $4.59 USD
Change Today -0.09 / -1.92%
Volume 2.0M
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

cumulus media inc-cl a (CMLS) Snapshot

Open
$4.68
Previous Close
$4.68
Day High
$4.70
Day Low
$4.53
52 Week High
01/7/14 - $8.19
52 Week Low
08/7/14 - $4.15
Market Cap
1.1B
Average Volume 10 Days
3.0M
EPS TTM
$0.37
Shares Outstanding
232.0M
EX-Date
--
P/E TM
12.3x
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.

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
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $1.0M
Co-Chief Operating Officer and Executive Vice...
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 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. to Report Q2, 2014 Results on Aug 06, 2014

Cumulus Media Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Daylight on Aug 06, 2014

Cumulus Media Inc., Q2 2014 Earnings Call, Aug 06, 2014

Cumulus Media Inc., Q2 2014 Earnings Call, Aug 06, 2014

 

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