Cumulus Media (CMLS) Misses Q4 EPS by 3c, Revenues Beat

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CUMULUS MEDIA Reports Operating Results for 2020

February 23, 2021 8:01 AM EST

ATLANTA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the Company, "CUMULUS MEDIA," we, us, or our) today announced operating results for the three months and year ended December 31, 2020.

Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, "Given 2020s extenuating circumstances, I am extremely proud of the Companys performance and the efforts of the entire Cumulus team to meet the challenges posed by COVID-19. In the face of the pandemic, we maximized revenue performance, materially reduced expenses, generated cash through strong working capital management, and executed highly accretive divestitures that... More