Last $6.67 USD
Change Today +0.05 / 0.76%
Volume 214.7K
CMLS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 12:07 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

cumulus media inc-cl a (CMLS) Snapshot

Open
$6.67
Previous Close
$6.62
Day High
$6.81
Day Low
$6.57
52 Week High
01/7/14 - $8.19
52 Week Low
04/22/13 - $2.90
Market Cap
1.5B
Average Volume 10 Days
2.3M
EPS TTM
$0.40
Shares Outstanding
213.7M
EX-Date
--
P/E TM
16.8x
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: $2.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $687.5K
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $1.2M
Co-Chief Operating Officer and Executive Vice...
Total Annual Compensation: $1.1M
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2012.

cumulus media inc-cl a (CMLS) Key Developments

Cumulus Media Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Cumulus Media Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. Net revenues for the three months ended December 31, 2013 increased $11.9 million or 4.5%, to $275.5 million, compared to $263.6 million for the three months ended December 31, 2012. This increase was primarily attributable to a $10.1 million increase in revenue due to the December 2013 acquisition of WestwoodOne and a $1.6 million increase attributable to the 5 stations the company acquired in the Fresno market in November 2013 as part of the 2013 Townsquare Transaction. Operating income was $40 million against operating loss of $63.3 million of prior year period. Capital expenditures for the three months ended December 31, 2013 totaled $3.0 million, which represented routine capital expenditures required for the maintenance of the company's technical facilities. Capital expenditures during the three months ended December 31, 2012 were $2.0 million. Adjusted EBITDA was $83.9 million against $96.1 million of prior year period. Pro forma operating income was $47.7 million on net revenues of $328.3 million against Pro forma operating loss of $100.9 million on net revenues of $325.6 million of prior year period. Pro forma adjusted EBITDA was $96.3 million against $91.1 million of prior year period. Net revenues for the year ended December 31, 2013 increased $23.8 million or 2.4%, to $1,026.1 million, compared to $1,002.3 million for the year ended December 31, 2012. This increase was attributable to a $11.5 million increase in local spot advertising revenue, an increase of $15.5 million in national advertising and live event revenue, a $10.1 million increase in revenue due to the December 2013 acquisition of WestwoodOne, a $1.6 million increase attributable to the 5 stations the company acquired in the Fresno market in November 2013 from Townsquare and a $5.9 million increase attributable to the addition of stations in the Bloomington and Peoria markets which company acquired in July 2012, partially offset by a decrease of $20.8 million in cyclical political revenue. Operating income was $196.1 million against $56.9 million of prior year. Capital expenditures for the year ended December 31, 2013 totaled $11.5 million, which represented routine capital investments in the company's technical facilities. Adjusted EBITDA was $330 million against $358.1 million of prior year period. Capital expenditures during the year ended December 31, 2012 were $6.6 million. Pro forma operating income was $201.3 million on net revenues of $1,245.7 million against Pro forma operating loss of $52.5 million on net revenues of $1,263.2 million of prior year period. Pro forma adjusted EBITDA was $363.4 million against $382.1 million of prior year period.

Cumulus Media Inc., Q4 2013 Earnings Call, Feb 18, 2014

Cumulus Media Inc., Q4 2013 Earnings Call, Feb 18, 2014

Cumulus Media Inc. to Report Q4, 2013 Results on Feb 18, 2014

Cumulus Media Inc. announced that they will report Q4, 2013 results at 9:00 AM, US Eastern Standard Time on Feb 18, 2014

 

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Industry Analysis

CMLS

Industry Average

Valuation CMLS Industry Range
Price/Earnings 45.9x
Price/Sales -- Not Meaningful
Price/Book 2.8x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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