Cumulus Media (CMLS) Tops Q3 EPS by 12c
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CUMULUS MEDIA Reports Operating Results for the Third Quarter 2019
November 11, 2019 4:01 PM ESTATLANTA, Nov. 11, 2019 (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, 2019.
Third Quarter Financial Highlights
As compared to the third quarter of 2018 on an As Reported GAAP basis:  --  Net revenue decreased 0.5%  --  Net income was $16.3 million  --  Adjusted EBITDA(1) decreased 5.5%As compared to the third quarter of 2018 on a Same Station(2) basis, excluding the impact of political revenue:  --  Net revenue increased 3.9%  --  Adjusted EBITDA(1) increased 2.2%As compared to the... More