as america's second largest operator of radio stations, cumulus provides high-impact local marketing solutions in 90 metropolitan areas. we introduce businesses of all sizes to our communities of over 150 million listeners via radio, digital media, targeted e-mail and on-site promotions. these solutions help our customers build strong brands and tap into over $4 trillion of local spending power.
Company profile
Ticker
CMLS
Exchange
Website
CEO
Mary Berner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
2-L Corporation • Atlanta Radio, LLC • Broadcast Software International LLC • Catalyst Media, LLC • Chicago FM Radio Assets, LLC • Chicago Radio Assets, LLC • CMI Receivables Funding LLC • CMP Houston-KC, LLC • CMP KC LLC • CMP Susquehanna LLC ...
IRS number
364159663
CMLS stock data
Latest filings (excl ownership)
8-K
Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent Solicitation
19 Apr 24
8-K
Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024
19 Apr 24
8-K
Other Events
18 Apr 24
8-K
Other Events
17 Apr 24
8-K
Other Events
15 Apr 24
8-K
Other Events
10 Apr 24
8-K
Other Events
3 Apr 24
DEF 14A
Definitive proxy
29 Mar 24
8-K
Other Events
27 Mar 24
8-K
Other Events
12 Mar 24
Transcripts
CMLS
Earnings call transcript
2023 Q4
27 Feb 24
CMLS
Earnings call transcript
2023 Q3
27 Oct 23
CMLS
Earnings call transcript
2023 Q2
28 Jul 23
CMLS
Earnings call transcript
2023 Q1
27 Apr 23
CMLS
Earnings call transcript
2022 Q4
23 Feb 23
CMLS
Earnings call transcript
2022 Q3
28 Oct 22
CMLS
Earnings call transcript
2022 Q2
3 Aug 22
CMLS
Earnings call transcript
2022 Q1
4 May 22
CMLS
Earnings call transcript
2021 Q4
24 Feb 22
CMLS
Earnings call transcript
2021 Q3
3 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 82.81 mm | 82.81 mm | 82.81 mm | 82.81 mm | 82.81 mm | 82.81 mm |
Cash burn (monthly) | 3.20 mm | 2.95 mm | (no burn) | (no burn) | 2.27 mm | (no burn) |
Cash used (since last report) | 22.09 mm | 20.30 mm | n/a | n/a | 15.62 mm | n/a |
Cash remaining | 60.72 mm | 62.50 mm | n/a | n/a | 67.19 mm | n/a |
Runway (months of cash) | 18.9 | 21.2 | n/a | n/a | 29.6 | n/a |
Institutional ownership, Q3 2023
47.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 59 |
Opened positions | 7 |
Closed positions | 8 |
Increased positions | 12 |
Reduced positions | 22 |
13F shares | Current |
---|---|
Total value | 30.25 bn |
Total shares | 7.81 mm |
Total puts | 397.50 k |
Total calls | 28.60 k |
Total put/call ratio | 13.9 |
Largest owners | Shares | Value |
---|---|---|
Zazove Associates | 1.46 mm | $7.42 bn |
Renew Group Private | 829.62 k | $4.03 mm |
Capital World Investors | 779.37 k | $3.97 bn |
Vanguard | 676.46 k | $3.44 bn |
Cetus Capital VI | 603.41 k | $6.79 mm |
Dimensional Fund Advisors | 587.75 k | $2.99 bn |
Oak Hill Advisors | 531.81 k | $2.71 bn |
Acadian Asset Management | 323.08 k | $1.64 mm |
BLK Blackrock | 186.47 k | $949.13 mm |
American Century Companies | 163.12 k | $830.26 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Feb 24 | Francisco J Lopez-Balboa | Class A Common Stock, par value $0.0000001 per share | Payment of exercise | Dispose F | No | No | 0 | 13,619 | 0.00 | 489,129 |
26 Feb 24 | Francisco J Lopez-Balboa | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 30,843 | 0.00 | 502,748 |
26 Feb 24 | Robert J Walker | Class A Common Stock, par value $0.0000001 per share | Payment of exercise | Dispose F | No | No | 0 | 3,472 | 0.00 | 196,541 |
26 Feb 24 | Robert J Walker | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 8,933 | 0.00 | 200,013 |
26 Feb 24 | David Edward Milner | Class A Common Stock, par value $0.0000001 per share | Payment of exercise | Dispose F | No | No | 0 | 3,857 | 0.00 | 194,637 |
26 Feb 24 | David Edward Milner | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 8,933 | 0.00 | 198,494 |
26 Feb 24 | Mary G. Berner | Class A Common Stock, par value $0.0000001 per share | Payment of exercise | Dispose F | No | No | 0 | 32,604 | 0.00 | 1,052,837 |
26 Feb 24 | Mary G. Berner | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 59,542 | 0.00 | 1,085,441 |
26 Feb 24 | Collin R. Jones | Class A Common Stock, par value $0.0000001 per share | Payment of exercise | Dispose F | No | No | 0 | 3,700 | 0.00 | 162,007 |
26 Feb 24 | Collin R. Jones | Class A Common Stock, par value $0.0000001 per share | Grant | Acquire A | No | No | 0 | 8,153 | 0.00 | 165,707 |
News
Reported Earlier, Cumulus Media Announces Selected Preliminary Q1 Results: Expects To Report Net Revenue Of $199M-$201M, And Net Loss Of $(14.9)M-$(13.4)M
19 Apr 24
12 Communication Services Stocks Moving In Monday's After-Market Session
18 Mar 24
Noble Capital Markets Downgrades Cumulus Media to Market Perform
28 Feb 24
Barrington Research Downgrades Cumulus Media to Market Perform
28 Feb 24
Barrington Research Reiterates Outperform on Cumulus Media, Maintains $8 Price Target
27 Feb 24
Press releases
Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent Solicitation
18 Apr 24
Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024
18 Apr 24
Cumulus Media Announces Further Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
18 Apr 24
Cumulus Media Announces Further Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
17 Apr 24
Cumulus Media Announces Additional Extension of Expiration Time in Exchange Offer and Consent Solicitation Relating to 6.750% Senior Secured First-Lien Notes due 2026
15 Apr 24