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Last $2.49 USD
Change Today +0.02 / 0.81%
Volume 993.2K
As of 8:10 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

cumulus media inc-cl a (CMLS) Snapshot

Open
$2.46
Previous Close
$2.47
Day High
$2.51
Day Low
$2.45
52 Week High
04/4/14 - $7.21
52 Week Low
03/19/15 - $2.35
Market Cap
590.8M
Average Volume 10 Days
1.7M
EPS TTM
$0.14
Shares Outstanding
233.3M
EX-Date
--
P/E TM
17.9x
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 radio stations in the United States. It sells commercial advertising time to local, national, and network clients on its radio stations. The company owns and operates approximately 460 stations in 90 United States media markets; and approximately 8,500 broadcast radio affiliates’ and various digital channels. As of December 31, 2014, it provided sales and marketing services for 11 radio stations in the United States under local marketing agreements. The company was founded in 1997 and is headquartered in Atlanta, Georgia.

4,007 Employees
Last Reported Date: 03/2/15
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, Senior Vice Presiden...
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 Appoints Pierre Bouvard as Chief Marketing Officer

Cumulus announced that media research, sales and marketing executive Pierre Bouvard has been appointed to the newly created role of Chief Marketing Officer. In his new post, Bouvard will lead the marketing strategy for the media and entertainment company, including both its local and national brands. Bouvard will develop targeting applications for advertisers and agencies to reach their ideal audience across Cumulus' and Westwood One's 193 million weekly listener footprint. Brand lift and sales measurement will measure impact and optimize future campaigns. He will assume his new role at Cumulus effective March 18, 2015, and will report to Lew Dickey, President and Chief Executive Officer of Cumulus. He will be based in New York City. Previously, Pierre Bouvard was Senior Vice President of Sales for TiVo Research & Analytics Inc.

Cumulus Media Inc. Presents at The Future of Audio Investor Forum 2015, Mar-26-2015

Cumulus Media Inc. Presents at The Future of Audio Investor Forum 2015, Mar-26-2015. Venue: The Plaza, 5th Ave at Central park South, New York, NY 10019, United States. Presentation Date & Speakers: Mar-26-2015. Mar-26-2016, Joseph Patrick Hannan, Chief Financial Officer, Senior Vice President and Treasurer.

Cumulus Media Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Cumulus Media Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenues of $329,247,000 compared with $275,458,000 for the same period a year ago. Operating income was $42,375,000 compared with $31,317,000 for the same period a year ago. Income from continuing operations before income taxes was $6,952,000 compared with loss from continuing operations before income taxes of $42,837,000 for the same period a year ago. Income from continuing operations was $3,361,000 or $0.02 per basic and diluted share compared with $44,670,000 or $0.20 per diluted share for the same period a year ago. Net income was $3,361,000 or $0.02 per basic and diluted share compared with $150,933,000 or $0.66 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $90,419,000 compared with $83,928,000 for the same period a year ago. Capital expenditures for the three months ended December 31, 2014 totaled $5.6 million, comprised of ongoing maintenance and upgrades across broadcast platform. Capital expenditures during the three months ended December 31, 2013 were $2.6 million. The increase in revenue resulted from increases of $178.7 million, $30.3 million, $16.2 million and $12.1 million in broadcast advertising, digital advertising, political advertising and license fees and other revenue, respectively. Revenue in the fourth quarter was positively impacted by political, resulting from the midterm congressional elections. For the year, the company reported net revenues of $1,263,423,000 compared with $1,026,138,000 for the same period a year ago. Operating income was $161,830,000 compared with $187,366,000 for the same period a year ago. Income from continuing operations before income taxes was $22,023,000 compared with loss from continuing operations before income taxes of $24,851,000 for the same period a year ago. Income from continuing operations was $11,769,000 or $0.05 per basic and diluted share compared with $43,613,000 or $0.15 per basic and diluted share for the same period a year ago. Net income was $11,769,000 or $0.05 per basic and diluted share compared with $176,083,000 or $0.75 per diluted share for the same period a year ago. Total debt was $2,513,875,000 compared with $2,660,000,000 for the same period a year ago. Adjusted EBITDA was $329,526,000 compared with $330,018,000 for the same period a year ago. On a pro forma basis, net revenue for the year ended December 31, 2014 increased $17.7 million, or 1.4%, to $1,263.4 million, compared to $1,245.7 million for the year ended December 31, 2013. The increase resulted from a decrease of $39.2 million in advertising and increases of $28.0 million, $16.0 million and $12.9 million in digital advertising, political advertising and license fees and other revenue, respectively. Capital expenditures for the year ended December 31, 2014 totaled $19.0 million, comprised of ongoing maintenance and upgrades across broadcast platform and a one-time capital expenditure at WestwoodOne. Capital expenditures during the year ended December 31, 2013 were $11.1 million.

 

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CMLS Competitors

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Company Last Change
Entravision Communications Corp $6.39 USD +0.06
Gray Television Inc $13.92 USD +0.10
Radio One Inc $3.18 USD +0.10
Townsquare Media Inc $13.04 USD +0.19
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Industry Analysis

CMLS

Industry Average

Valuation CMLS Industry Range
Price/Earnings 49.6x
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow 4.5x
TEV/Sales NM Not Meaningful
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