George Soros fund tightens grip over US radio waves after controlling bankrupt Audacy [Yahoo! Finance]
Cumulus Media Inc. - Class A (CMLS)
Last cumulus media inc. - class a earnings: 2/21 08:01 am
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Source: Yahoo! Finance
The fund's February investment in Audacy — the second-largest radio firm in the US behind iHeartMedia — potentially marks the beginning of a larger audio-buying spree, three people who have been involved in discussions with Soros executives told Semafor In those talks, Soros' fund, which is now controlled by the magnate's nonprofit organization, Open Society Foundations, has privately mulled acquiring other major radio companies, including AM and FM giant Cumulus Media, according to Semafor. As the largest shareholder in Audacy, Soros Fund Management already owns 230 radio stations nationwide — including New York's WFAN and 1010 WINS, as well as Los Angeles-based KROQ, per bankruptcy filings — as well as a podcast arm that includes Cadence13 and Pineapple Street Studios. The fund also took on roughly $400 million of Audacy's sizable debt in its corporate maneuver. The fund's lead media investor, Michael Del Nin, has arranged meetings with multiple heavyweight players in the d
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News
- Should Shareholders Reconsider Cumulus Media Inc.'s (NASDAQ:CMLS) CEO Compensation Package? [Yahoo! Finance]Yahoo! Finance
- Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent Solicitation [Yahoo! Finance]Yahoo! Finance
- Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent SolicitationGlobeNewswire
- Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024GlobeNewswire
CMLS
Earnings
- 2/27/24 - Miss
CMLS
Sec Filings
- 4/19/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/18/24 - Form 8-K
- CMLS's page on the SEC website