Cumulus Media (CMLS) Reports Q2 Loss Per Share of $2.32
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Cumulus Reports Operating Results for Third Quarter 2015
November 5, 2015 4:00 PM ESTATLANTA, Nov. 05, 2015 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the Company, we, us, or our) today announced operating results for the three and nine months ended September 30, 2015.Â
For the quarter ended September 30, 2015, the Company reported net revenue of $289.4 million, down 7.8% vs. the quarter ended September 30, 2014 and Adjusted EBITDA of $70.6 million, down 11.5% from the quarter ended September 30, 2014. For the nine months ended September 30, 2015, net revenue and Adjusted EBITDA were $859.9 million and $196.1 million, down 8.0% and 18.0%, respectively, from the comparable measures a year ago. During the third quarter of 2015, the Company also recorded an impairment against intangible assets... More
