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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 5 sources · 9 days · First seen · Last updated
Cumulus Media financial performance and bankruptcy
Overview
Cumulus Media reported a decline in second-quarter 2026 revenue, falling 9.7% to $167.9 million compared to the previous year. The company recorded a net loss of $9.2 million for the quarter as it undergoes Chapter 11 bankruptcy proceedings.
As part of its reorganization, the company aims to eliminate approximately $600 million in debt through a debt-for-equity exchange. CEO Mary G. Berner indicated that the company expects to emerge from bankruptcy with a stronger balance sheet once the reorganization plan and FCC approval processes are finalized.
Entities
Federal Communications Commission · Media Partnerships division · Cumulus Media · Bill Wilson · Townsquare Interactive
Timeline
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8 days ago
[BUSINESS] 2 sourcesCumulus Media reports Q2 2026 revenue decline amid bankruptcy reorganizationCumulus Media reported a 9.7% decline in Q2 2026 revenue to $167.9 million and a $9.2 million net loss as it seeks to emerge from Chapter 11 bankruptcy via debt restructuring.
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17 days ago
[BUSINESS] 3 sourcesTownsquare Media posts Q2 loss as digital revenue surges despite FCC impairment chargeTownsquare Media posted a $41.8 M Q2 loss due to a $25.1 M FCC impairment, but digital revenue grew 11 % to $47.2 M, now making up 57 % of net revenue. CEO Bill Wilson highlighted strong digital momentum and a
Sources
radioink.com · radionotas.com · radioworld.com · rbr.com · stichtingverslaving.nl