Westwood One's Final Four® Coverage Connects College Hoops Fans across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com, The Varsity Network App & on Alexa-Enabled Devices; also Available with TuneIn Premium Network's Coverage Includes the Men's Final Four and National Championship Games in Spanish, Presented by Werner Ladder Westwood One's Women's Final Four is Presented by Intuit TurboTax NEW YORK, April 04, 2024 (GLOBE NEWSWI ...

ATLANTA, April 03, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company" or "Cumulus") today announced that its subsidiary, Cumulus Media New Holdings Inc. (the "Issuer"), has further extended the Expiration Time in its previously-announced Exchange Offer and Consent Solicitation (the "Exchange Offer and Consent Solicitation"), in which the Issuer offered to exchange any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.750% Se ...

March Madness® Broadcasts Connect College Hoops Fans and Consumers across Multiple Platforms – 500+ Radio Stations, SiriusXM, NCAA March Madness Live™; via Free Online Streaming at WestwoodOneSports.com, The Varsity Network App, and on Alexa-Enabled Devices; and on TuneIn Premium Network's Coverage Includes the Final Four® in Spanish, sponsored by Werner Ladder NEW YORK, March 19, 2024 (GLOBE NEWSWIRE) -- CUMULUS MEDIA's Westwood One (NASDAQ:CMLS), the largest audio network in the U.S. and the official netw ...

公司财务表现 - Cumulus Media（NASDAQ：CMLS）在2023年的财务表现基本符合预期，但总收入下降了11.4％，EBITDA缩水至9070万美元[3] - Cumulus Media在2022年初以来已经偿还了超过1.3亿美元的债务，将总债务降至6.76亿美元，这是十多年来的最低水平[23] - CMLS的债务重组可能会减少大约9000万美元的债务，有望改善公司财务状况[52] 债务重组计划 - 公司宣布了一项债务重组计划，旨在减少总债务并将到期日延长至2029年[9] - S&P已经预测将把这项债务重组视为“困境”，因为公司的贷款人将收到比原先承诺的更少的款项[11] - 成功的债务重组将消除CMLS近期债务的不确定性，为公司带来更稳健的财务结构[60] 投资和市场前景 - Renew Group Private Ltd.计划增持Cumulus Media股份至20％，显示对Cumulus Media未来的强烈信心[7] - Cumulus Media面临潜在的敌意收购尝试，Renew Group报告拥有CMLS已发行股份的约10.01％[30] - Bhargava的市场营销专长和竞争力可能有助于CMLS的转型和市场地位提升[63]

分组1 - Cumulus Media Inc.宣布其子公司延长了早期认购时间[1] - 持有者在新早期认购时间之前认购并未撤回旧票据将有资格获得新票据[2] - 只有完成并提交资格信函的持有者才有资格参与交换要约和同意征求[4]

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ:CMLS) Westwood One, America's largest audio network, will present a total of 24 NCAA Men's and Women's Basketball games from Conference Championship Week. Westwood One's postseason basketball coverage tips off on Saturday, March 9th, with the Ohio Valley Conference Championship game, and continues through Selection Sunday, March 17, with broadcasts that day of the Ivy League, the SEC, and the American Athletic Championship games. Westwood ...

分组1 - 2023年公司数字业务收入达1.46亿美元,占总收入的17%,同比增长3% [14] - 数字营销服务业务收入达4500万美元,同比增长13% [15][16] - 流媒体业务收入增长16%,主要得益于NFL流媒体播放的带来的观众增长和收入增长 [20] - 播客业务受国家广告商疲软和直接响应广告下降的影响,收入下降8%,但下半年呈现改善趋势 [21][22] 分组2 - 2023年总收入为8.445亿美元,同比下降11.4%;EBITDA为9070万美元 [23] - 公司通过多项成本优化措施,自2019年以来累计实现1.2亿美元的固定成本削减,占比26% [24][25] - 2024年一季度公司总收入预计同比下降低个位数,其中数字业务表现良好,广播业务(本地和网络)下降中低个位数 [44] - 公司启动债务交换计划,以延长债务期限、进一步降低净负债比率,提高公司的长期战略和财务灵活性 [43] 问答环节重要的提问和回答 问题1 **Michael Kupinski 提问** 询问公司国家网络业务的收入走势和一季度的情况 [48][49] **Mary Berner 回答** 公司听到广告客户有意愿继续投放,只是时间有所推迟,但预计最终会实现 [52] 问题2 **Jim Goss 提问** 询问NFL流媒体权利的成本和收益情况,以及是否有意拓展其他体育赛事 [67][68] **Frank Lopez-Balboa 回答** NFL流媒体权利的边际收益很高,因为是现有合同的一部分,不需要额外成本。目前没有其他体育赛事的计划 [68][69] 问题3 **Dan Day 提问** 询问公司在本地广告、数字营销服务等方面的交叉销售情况 [81][82] **Mary Berner 回答** 本地广告表现相对较好,公司将数字营销服务与广播电台业务打包销售,取得了良好效果,帮助广播电台业务保持了较好表现 [82][83][84]

Cumulus Media (CMLS)财报分析 - Cumulus Media (CMLS)在2023年12月的季度报告中每股亏损2.60美元，远远低于分析师预期的每股亏损0.59美元[1] - 过去四个季度中，Cumulus三次超过了市场预期的每股收益[2] - Cumulus在2023年12月的季度营收为2.213亿美元，超过了分析师预期，但较去年同期的2.5127亿美元有所下降[3] - Cumulus股价的未来走势将主要取决于管理层在财报电话会议中的表态[4]

ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company" or "Cumulus") today announced that its subsidiary, Cumulus Media New Holdings Inc. (the "Issuer"), has commenced an offer to exchange (the "Exchange Offer") any and all of the Issuer's outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the "Old Notes") for new 8.750% Senior Secured First-Lien Notes due 2029 ("New Notes") to be issued by the Issuer, upon the terms of and subject to the conditions set forth in ...

ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three months and year ended December 31, 2023. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, "While 2023 was a tough year across the media landscape, we were able to offset some of the effects of the weak national advertising climate through strong execution in our key focus areas. Specifically, we grew ou ...