Last $4.08 USD
Change Today +0.165 / 4.22%
Volume 1.1M
CMLS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 3:23 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

cumulus media inc-cl a (CMLS) Snapshot

Open
$3.92
Previous Close
$3.91
Day High
$4.10
Day Low
$3.89
52 Week High
01/7/14 - $8.19
52 Week Low
11/11/14 - $2.88
Market Cap
962.4M
Average Volume 10 Days
1.9M
EPS TTM
$0.35
Shares Outstanding
232.2M
EX-Date
--
P/E TM
11.7x
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
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. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014 and Full Year of 2015

Cumulus Media Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of $313,885,000 compared with $262,535,000 for the same period a year ago. Operating income was $41,900,000 compared with $62,820,000 for the same period a year ago. Income from continuing operations before income taxes was $6,048,000 compared with $17,487,000 for the same period a year ago. Income from continuing operations was $2,540,000 or $0.01 per diluted share compared with $10,492,000 or $0.03 per diluted share for the same period a year ago. Net income was $2,540,000 or $0.01 per diluted share compared with $7,037,000 or $0.01 per diluted share for the same period a year ago. Adjusted EBITDA was $79,837,000 compared with $89,909,000 for the same period a year ago. Capital expenditures for the three months ended September 30, 2014 totaled $2.2 million, comprised of ongoing maintenance and upgrades across its broadcast platform. Capital expenditures during the three months ended September 30, 2013 were $3.6 million. The increase in revenues resulted from increases of $39.1 million, $7.3 million, $3.1 million and $1.9 million in broadcast advertising, digital advertising, political advertising and license fees and other revenue, respectively. These increases were primarily attributable to the addition of the operations of WestwoodOne. The increases were partially offset by decreases in local spot and national spot revenue. The increase in political advertising revenue was due to additional activity associated with mid-term and gubernatorial elections in the current period. For the nine months, the company reported net revenues of $934,176,000 compared with $750,680,000 for the same period a year ago. Operating income was $119,455,000 compared with $156,049,000 for the same period a year ago. Income from continuing operations before income taxes was $15,071,000 compared with $17,984,000 for the same period a year ago. Income from continuing operations was $8,408,000 or $0.04 per diluted share compared with loss from continuing operations of $1,059,000 or $0.07 per diluted share for the same period a year ago. Net income was $8,408,000 or $0.04 per diluted share compared with $25,148,000 or $0.08 per diluted share for the same period a year ago. Adjusted EBITDA was $239,106,000 compared with $246,393,000 for the same period a year ago. The company provided earnings guidance for the fourth quarter and full year of 2014 and full year of 2015. The company anticipates another $5 million of CapEx will be spent in the fourth quarter due to ongoing studio upgrades. The company believes fourth quarter of 2014 net revenue will finish between $331 million and $335.5 million versus $328.3 million a year ago. This finish will result in anticipated adjusted EBITDA in the range of $103 million to $105 million, up from $96.4 million a year ago. This guidance is anticipated to result in full year 2014 net revenue of $1.265 billion to $1.27 billion and anticipated adjusted EBITDA of between $342 million and $345 million. The company also see digital, licensing and event revenue categories continue to grow at attractive rates, offsetting some of the cyclical political revenue it will lose in 2015. Moreover, revenue stabilization, new content offerings and improved yield management and ongoing expense synergy realization at WestwoodOne should also contribute meaningfully to top and bottom line in 2015. Based on early budgets and upfront activity, the company believes it will see both margin expansion and EBITDA growth in 2015.

Cumulus Media Inc. Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 10:45 AM

Cumulus Media Inc. Presents at Wells Fargo Technology, Media and Telecom Conference 2014, Nov-13-2014 10:45 AM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States. Speakers: Collin Jones, Director of Investor Relations, Joseph Patrick Hannan, Chief Financial Officer, Principal Accounting Officer, Senior Vice President and Treasurer, Lewis W. Dickey, Chairman, Chief Executive Officer and President.

Cumulus Media Inc. to Report Q3, 2014 Results on Nov 10, 2014

Cumulus Media Inc. announced that they will report Q3, 2014 results at 4:30 PM, US Eastern Standard Time on Nov 10, 2014

 

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CMLS

Industry Average

Valuation CMLS Industry Range
Price/Earnings 18.5x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 3.3x
TEV/Sales NM Not Meaningful
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