CMLS

Cumulus Media’s Westwood One Presents Audio Coverage of 2024 College Basketball Conference Championship Week

Retrieved on: 
Thursday, March 7, 2024

About Westwood One SportsWestwood One Sports is home to some of the most exciting sports broadcasts on radio. In addition to being the exclusive network radio partner to the NFL since 1987—featuring regular and post-season NFL football, including the playoffs and the Super Bowl -- its other extensive properties include NCAA Basketball, including the NCAA Men’s and Women’s Tournaments and the Final Four®; The Masters; NCAA Football; and other marquee sports events. Westwood One also distributes and represents CBS Sports Radio. On social media, join the Westwood One Sports community on Facebook at facebook.com/westwoodonesports and X (formerly Twitter) at x.com/westwood1sports. For more information, visit www.westwoodonesports.com.

Key Points: 
  • 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.
  • Among the other Championship games Westwood One will broadcast that week are the Pac-12, the Big East, the Coastal Athletic Association, Conference USA, the Patriot League, Missouri Valley Conference, and West Coast Conference games.
  • The Women’s Conference Championship games include the Big East, the Pac-12, and the Ivy League.

Cumulus Media Reports Operating Results for 2023

Retrieved on: 
Tuesday, February 27, 2024

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.

Key Points: 
  • 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.
  • Operating Summary (dollars in thousands, except percentages and per share data):
    For the three months ended December 31, 2023, the Company reported net revenue of $221.3 million, a decrease of 11.9% from the three months ended December 31, 2022, net loss of $98.1 million and Adjusted EBITDA of $22.8 million.
  • For the year ended December 31, 2023, the Company reported net revenue of $844.5 million, a decrease of 11.4% from the year ended December 31, 2022, net loss of $117.9 million and Adjusted EBITDA of $90.7 million.

Cumulus Media Inc. Adopts Limited-Duration Shareholder Rights Plan

Retrieved on: 
Thursday, February 22, 2024

ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus Media” or the “Company”) today announced that its Board of Directors (the “Board”) has adopted a limited-duration shareholder rights plan (“Rights Plan”) to protect the best interests of all Cumulus Media shareholders.

Key Points: 
  • ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus Media” or the “Company”) today announced that its Board of Directors (the “Board”) has adopted a limited-duration shareholder rights plan (“Rights Plan”) to protect the best interests of all Cumulus Media shareholders.
  • “Given the facts, the Cumulus Board firmly believes it is necessary to adopt a limited-duration rights plan to protect the interests of all Cumulus shareholders.
  • Under the Rights Plan, any person which currently owns more than the Triggering Percentage may continue to own its shares of common stock but may not acquire any additional shares without triggering the Rights Plan.
  • Except as provided in the Rights Plan, the Board is entitled to redeem the Rights at $0.001 per Right.

Super Hi-Fi Partners with Cumulus Media and Xperi to Debut New On-Air Radio Format Lab For Highly-Localized Programming

Retrieved on: 
Tuesday, February 27, 2024

NASHVILLE, Tenn., Feb. 27, 2024 /PRNewswire-PRWeb/ -- Super Hi-Fi, an innovation leader in radio services for broadcast and digital media companies, has partnered with Xperi, Inc. (NYSE: XPER), an entertainment technology company that owns HD Radio and DTS AutoStage, and Cumulus Media (NASDAQ: CMLS), an audio-first media company, to launch two brand new over-the-air HD Radio channels. These channels will serve as a testing ground for exciting new radio programs and related services, to further enhance and innovate broadcast radio's prominence in the digital dashboard, all while improving the user experience and increasing broadcaster benefits.

Key Points: 
  • "By partnering with Super Hi-Fi and Xperi, we are adopting innovative technology that allows us to connect to new, local communities with targeted programming by leveraging our HD channels to reach different audiences around the country," said Conrad Trautmann, CTO of Cumulus Media.
  • "Super Hi-Fi is excited to collaborate with Xperi and Cumulus to create these groundbreaking HD Radio experiences," said Zack Zalon, CEO at Super Hi-Fi.
  • "We're proud to contribute to the rich musical tapestry of Nashville by bringing these new hyper-local HD Radio formats to the market."
  • Nashville Songwriter Radio, airing on 104.5 WGFX HD3, serves as a platform for the vibrant songwriter community in Nashville.

RESIDES CEO COLETTE STEVENSON NAMED RISMEDIA REAL ESTATE NEWSMAKER FOR SECOND CONSECUTIVE YEAR

Retrieved on: 
Monday, February 12, 2024

HILTON HEAD ISLAND, S.C., Feb. 12, 2024 /PRNewswire/ -- REsides, an independent and borderless MLS with a unique equity-ownership model, announced today that Colette Stevenson, CEO, was named a Real Estate Newsmaker by RISMedia for the second consecutive year. RISMedia Newsmakers represent a group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry and their efforts to positively affect the consumers and communities they serve.

Key Points: 
  • HILTON HEAD ISLAND, S.C., Feb. 12, 2024 /PRNewswire/ -- REsides, an independent and borderless MLS with a unique equity-ownership model, announced today that Colette Stevenson, CEO, was named a Real Estate Newsmaker by RISMedia for the second consecutive year.
  • RISMedia Newsmakers represent a group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry and their efforts to positively affect the consumers and communities they serve.
  • Newsmakers are recognized for their leadership, innovation and contributions to the real estate industry and their communities across 6 different categories.
  • On the heels of her successful launch of REsides in 2021, Stevenson continues to positively impact the industry and foster technological innovation.

Cumulus Media Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Operating Results

Retrieved on: 
Monday, February 12, 2024

ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operating results.

Key Points: 
  • ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operating results.
  • A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.
  • To participate in the conference call, please register in advance using this link .
  • Please call five to ten minutes in advance to ensure that you are connected prior to the call.

Westwood One Presents Super Bowl LVIII Game-Day Coverage With an All-Pro Broadcast Team

Retrieved on: 
Thursday, February 8, 2024

 NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ: CMLS) Westwood One, America’s largest audio network and the official network audio broadcast partner of the National Football League (NFL), will present comprehensive live coverage and play-by-play of Super Bowl LVIII on Sunday, February 11, 2024, when the AFC champion Kansas City Chiefs meet the NFC champion San Francisco 49ers at Allegiant Stadium in Las Vegas, Nevada. Super Bowl LVIII will be the 51st time Westwood One will broadcast America’s biggest sporting event.

Key Points: 
  • Super Bowl LVIII will be the 51st time Westwood One will broadcast America’s biggest sporting event.
  • Kevin Harlan will handle play-by-play duties for the Super Bowl for the 14th straight year, with Super Bowl XXXIV MVP and Hall of Fame quarterback Kurt Warner returning for the sixth consecutive year as lead analyst.
  • Dean Blandino will also join the radio broadcast booth as rules analyst for this year’s Super Bowl.
  • ET Super Bowl LVIII Game Broadcast with Kevin Harlan, Kurt Warner, Dean Blandino, Laura Okmin, Mike Golic, Scott Graham, and Devin McCourty
    Listeners can hear Westwood One’s Super Bowl LVIII coverage on approximately 600 terrestrial radio stations nationwide as well as on westwoodonesports.com , SiriusXM, NFL+ and via the NFL App.

MDpanel Expands Presence, Announces Partnership with Axiom Evaluations

Retrieved on: 
Wednesday, February 7, 2024

LOS ANGELES, Feb. 7, 2024 /PRNewswire/ -- MDpanel, a provider of expert medical opinions as part of the insurance claims process, welcomes the addition of Axiom Evaluations, a Michigan-based provider of independent medical evaluations ("IMEs"), to its platform.

Key Points: 
  • LOS ANGELES, Feb. 7, 2024 /PRNewswire/ -- MDpanel, a provider of expert medical opinions as part of the insurance claims process, welcomes the addition of Axiom Evaluations, a Michigan-based provider of independent medical evaluations ("IMEs"), to its platform.
  • The partnership expands MDpanel's geographic presence and product capabilities as it seeks to become the partner of choice for physicians, carriers, attorneys and injured workers.
  • The partnership with Axiom Evaluations follows the launch of the MDpanel platform in October 2023, which was marked by the combination of the two largest providers of qualified medical evaluations ("QMEs") for workers' compensation claims in California, CMLS, LLC and California Medical Evaluators Holdings, LLC ("CME").
  • "Partnering with Axiom allows MDpanel to reach more stakeholders in need of quality medical opinions and unlocks new avenues for growth beyond California."

Westwood One to Broadcast NFL Conference Championship Sunday, Presented by Intuit Turbo Tax

Retrieved on: 
Friday, January 26, 2024

NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ: CMLS) Westwood One, America’s largest audio network and the official network audio partner of the National Football League, will present live play-by-play coverage of NFL Conference Championship Sunday, presented by Intuit Turbo Tax.

Key Points: 
  • NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Cumulus Media’s (NASDAQ: CMLS) Westwood One, America’s largest audio network and the official network audio partner of the National Football League, will present live play-by-play coverage of NFL Conference Championship Sunday, presented by Intuit Turbo Tax.
  • The complete broadcast schedule follows:
    Scott Graham will host pregame, halftime, and postgame shows for both broadcasts.
  • The winners will meet in Super Bowl LVIII on February 11, 2024, at Allegiant Stadium in Las Vegas, Nevada.
  • Listeners can hear Westwood One’s NFL broadcasts on approximately 500 terrestrial radio stations nationwide as well as on westwoodonesports.com , SiriusXM, NFL+ and via the NFL App.

America in the Morning Launches On the Cumulus Podcast Network

Retrieved on: 
Monday, January 8, 2024

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that Westwood One’s award-winning daily news magazine program, America in the Morning , joins the Cumulus Podcast Network.

Key Points: 
  • NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Cumulus Media (NASDAQ: CMLS) today announced that Westwood One’s award-winning daily news magazine program, America in the Morning , joins the Cumulus Podcast Network.
  • With host John Trout, America in the Morning podcast offers up-to-the-minute news reports from around the country and across the globe, with the latest overnight developments in business, breaking news, politics, sports, entertainment, and weather.
  • America in the Morning podcast drops a new episode each morning, and is available on Apple , Spotify , and YouTube , among other platforms.
  • The Cumulus Podcast Network distributes, markets, and monetizes America in the Morning.