Cumulus Reports Operating Results for First Quarter 2016

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Cumulus Media (CMLS) Tops Q1 EPS by 3c

May 5, 2016 4:37 PM EDT

Cumulus Media (NASDAQ: CMLS) reported Q1 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $268.53 million versus the consensus estimate of $262.01 million.

We are in the early stages of a multi-year turnaround, said Mary Berner Chief Executive... More