Cumulus Media Announces Agreement to Eliminate Substantially All Remaining Debt and Significantly Strengthen Financial Position [Yahoo! Finance]
CUMULUS MEDIA INC A (CMLS)
Last cumulus media inc a earnings: 2/21 08:01 am
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Source: Yahoo! Finance
ATLANTA, March 05, 2026 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (OTCQB: CMLS) (the “Company,” “Cumulus,” “Cumulus Media,” “we,” “us,” or “our”) today announced that it has entered into a comprehensive restructuring support agreement (the “RSA” or the “Agreement”) with a group of its lenders to eliminate approximately $600 million of debt, substantially deleveraging its balance sheet and enhancing its ability to execute on strategic priorities. The Company will continue operating in the ordinary course throughout the process, with no impact to employees, partners, or listeners. “While we have outperformed the market on many of our most important metrics, including share gains in both local and digital revenue, the broader macroeconomic and industry-wide pressures we have faced have remained unrelenting,” said Mary G. Berner, President and Chief Executive Officer of Cumulus Media. “Against that backdrop, it became clear that Cumulus's remaining debt burden limited our ability to fully
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News
- Cumulus Media Announces Agreement to Eliminate Substantially All Remaining Debt and Significantly Strengthen Financial PositionGlobeNewswire
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CMLS
Earnings
- 10/30/25 - Miss
CMLS
Sec Filings
- 3/5/26 - Form 8-K
- 1/15/26 - Form 8-K
- CMLS's page on the SEC website