# Cumulus Media financial performance and bankruptcy

> Live situation record from CLSTR: https://clstr.news/situations/cumulus-media-financial-performance-and-bankruptcy
> Updated: 2026-08-14T20:15:00.000Z. Sources: 5. Developments: 2.

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.

## Timeline

### 2026-08-14: Cumulus Media reports Q2 2026 revenue decline amid bankruptcy reorganization

Cumulus 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.

2 sources. https://clstr.news/cluster/cumulus-media-reports-q2-2026-revenue-decline-amid-bankruptcy-reorganization

### 2026-08-05: Townsquare Media posts Q2 loss as digital revenue surges despite FCC impairment charge

Townsquare 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

3 sources. https://clstr.news/cluster/townsquare-media-posts-q2-loss-as-digital-revenue-surges-despite-fcc-impairment-charge

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Cite as: Cumulus Media financial performance and bankruptcy. CLSTR, https://clstr.news/situations/cumulus-media-financial-performance-and-bankruptcy