Cumulus Media: A Riddle, Wrapped In A Mystery, Inside An Enigma [Seeking Alpha]
Cumulus Media Inc. - Class A (CMLS)
Last cumulus media inc. - class a earnings: 2/21 08:01 am
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Source: Seeking Alpha
The proposed debt restructuring aims to reduce total debt and extend its maturity to 2029. CMLS implemented short-term Shareholder Rights amidst a surge in stock accumulation by Renew Group Private Ltd., a Singapore-based company owned by Manoj Bhargava. These seemingly conflicting developments make Cumulus an intriguing case to analyze. A puzzling situation It's unusual to see a company simultaneously enact a poison pill defense against a potential hostile takeover and embark on a debt restructuring. This makes Cumulus Media's ( NASDAQ: CMLS ) situation particularly intriguing. The Context Cumulus Media reported 2023 results last February, 27, 2024. Q4 and FY 2023 results were basically in line with expectations - CMLS total revenues for the year were $844.5 million, a decrease of 11.4% compared to 2022, and EBITDA shrank to $90.7 million. In addition, the company announced an exchange offer and consent solicitation to address its 2026 debt wall. In 2023, Cumulus u
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High impacting Cumulus Media Inc. - Class A news events
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CMLS
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