News & Videos - CUMULUS MEDIA INC.

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ATLANTA, Jan. 25, 2017 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the “Company”) today announced it has extended the early tender date (the “Early Tender Date”) for its previously announced private exchange offer (the “Exchange Offer”) for any and all 7.75% Senior Notes due 2019 (the “Outstanding Notes”) issued by Cumulus Media Holdings Inc., a direct wholly-owned subsidiary of the Company, and guaranteed by the Company. The Early Tender Date has been extended to 5:00...

ATLANTA, Jan. 11, 2017 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the “Company”) today announced it has extended the expiration date (the “Expiration Date”) and early tender date (“Early Tender Date”) for its previously announced private exchange offer (the “Exchange Offer”) for any and all 7.75% Senior Notes due 2019 (the “Outstanding Notes”) issued by Cumulus Media Holdings Inc., a direct wholly-owned subsidiary of the Company, and guaranteed by the Company. The...

ATLANTA, Dec. 30, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) announced today that it has completed a discounted prepayment of a portion of its $1.8 billion senior secured term loan facility due December 2020. The Company successfully purchased $28.7 million of face value of its senior secured term loan for $20.0 million, a discount to par value of 30%. The transaction closed on December 30, 2016. The Company will recognize a one-time non-operating gain of approximately $8.7...

ATLANTA, Dec. 27, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the “Company”) today announced it has extended the early tender date (the “Early Tender Date”) of the previously announced private exchange offer (the “Exchange Offer”) for any and all 7.75% Senior Notes due 2019 (the “Outstanding Notes”) issued by Cumulus Media Holdings Inc., a direct wholly-owned subsidiary of the Company, and guaranteed by the Company. The Early Tender Date has been extended to 11:59...

ATLANTA, Dec. 12, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the “Company”) today announced the launch of a private exchange offer (“Exchange Offer”) for any and all 7.75% Senior Notes due 2019 (the “Outstanding Notes”) issued by Cumulus Media Holdings Inc. (“Holdings”), a direct wholly-owned subsidiary of the Company, and guaranteed by the Company. As previously reported, on December 6, 2016, the holders (“Supporting Noteholders”) of approximately $349.7...

ATLANTA, Dec. 07, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the “Company”) today announced that it has entered into a refinancing support agreement (the “Refinancing Support Agreement”) with the holders of approximately $349.7 million, or 57.3%, of the aggregate principal amount of the outstanding 7.75% Senior Notes due 2019 (the “Outstanding Notes”) issued by Cumulus Media Holdings Inc. (“Holdings”), a direct wholly-owned subsidiary of the Company, and...

ATLANTA, Nov. 08, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) (the “Company,” “we,” “us,” or “our”) today announced operating results for the three and nine months ended September 30, 2016. For the three months ended September 30, 2016, the Company reported net revenue of $286.1 million, down 1.1% from the three months ended September 30, 2015, net income of $46.3 million and Adjusted EBITDA of $43.9 million, down 37.9% from the quarter ended September 30, 2015. For...

ATLANTA, Oct. 24, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) will host a conference call on Tuesday, November 8 th at 4:30 PM EST to discuss its third quarter 2016 operating results. A press release containing a summary of these results will be issued before the call at approximately 4:00 PM EST. A link to the live audio webcast of the conference call and the related earnings presentation will be available on the investor section of the Cumulus Media Inc. website (...

J.P. Hannan Joins Social Reality as Chief Financial Officer PR Newswire LOS ANGELES, Oct. 20, 2016 LOS ANGELES , Oct. 20, 2016 /PRNewswire/ -- Social Reality, Inc. (NASDAQ: SRAX), an Internet advertising and platform technology company that provides tools to automate the digital advertising market, today announced the appointment of financial and broadcasting veteran J.P. Hannan as the Company's Chief Financial Officer, effective October 17, 2016 . Mr. Hannan most recently served as Vice...

ATLANTA, Oct. 12, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ:CMLS) today announced that, at a special meeting of the Company's stockholders held on October 12, 2016, its stockholders voted to approve a 1-for-8 reverse stock split of each class of the Company’s issued and outstanding common stock. Upon the effectiveness of the reverse stock split, every 8 shares of each class of Cumulus common stock will be converted into 1 share of the same class of such common stock. No fractional...