Cumulus Media (CMLS) Tops Q4 EPS by 1c
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Cumulus Reports Operating Results for Fourth Quarter and Full Year 2015
March 10, 2016 4:01 PM ESTATLANTA, March 10, 2016 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the Company, we, us, or our) today announced operating results for the three months and year ended December 31, 2015.Â
For the quarter ended December 31, 2015, the Company reported net revenue of $308.8 million, down 6.2% vs. the quarter ended December 31, 2014 and Adjusted EBITDA of $63.0 million, down 30.3% from the quarter ended December 31, 2014. For the year ended December 31, 2015, net revenue and Adjusted EBITDA were $1,168.7 million and $259.1 million, down 7.5% and 21.4%, respectively, from the comparable measures a year ago.
On the quarter, Mary G. Berner, CEO said: Our continued underperformance in the... More
