Cumulus Media (CMLS) Posts Q4 Loss of $18.57/Share
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March 16, 2017 4:01 PM EDT
ATLANTA, March 16, 2017 (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, 2016. Â
For the three months ended December 31, 2016, the Company reported net revenue of $299.5 million, down 3.0% from the three months ended December 31, 2015, net loss of $543.7 million and Adjusted EBITDA of $56.9 million, down 9.8% from the quarter ended December 31, 2015. For the year ended December 31, 2016, the Company reported net revenue of $1,141.4 million, down 2.3% from the year ended December 31, 2015, net loss of $510.7 million and Adjusted EBITDA of $205.9 million, down 20.6% from the year ended December 31, 2015. During the... More
