Galbraith Steven M sold (to issuer) 175,200 shares of CMLS

Cumulus Media received FCC approval to transfer licenses to new shareholders, a key step in its Chapter 11 restructuring. The company committed to maintaining newsroom staffing for two years. The plan eliminates $592M in debt and reduces annual interest expenses by $49M, transferring ownership to lenders.

The FCC approved Cumulus Media's Chapter 11 reorganization plan, clearing a major hurdle for the company to exit bankruptcy and reduce $600M in debt. CEO Mary Berner pledged to maintain newsroom staffing levels for two years. Cumulus, the third-largest U.S. radio group, filed for bankruptcy in April and aims to restructure with lenders taking 95% control.

Cumulus Media received FCC approval to transfer licenses to new shareholders, following a pledge to maintain newsroom staffing for two years. CEO Mary Berner emphasized commitment to public interest and localism. Alden Global Capital's Heath Freeman will hold a 31.86% voting interest. Cumulus exited bankruptcy in April, with reorganization aimed at financial strengthening.

Cumulus Media reported Q2 net loss of $9.2M, improving from $12.8M a year earlier. Revenue fell 9.7% to $167.9M, with broadcast radio down 13.2% to $102.9M. The company cut content costs and SG&A and is in Chapter 11 since March 4, with $1.04B liabilities subject to compromise. It seeks FCC approval to emerge by Oct. 27.

CUMULUS MEDIA INC (CMLS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Cumulus Media Reports Operating Results for the Second Quarter 2026 ATLANTA, GA — August 14, 2026: Cumulus Media Inc. (OTC: CMLS.Q) (the "Company," "Cumulus Media," "we," "us," or "our") today announced operating results for the three and six months ended June 30, 2026. Mary G. B

Cumulus Media said it became the first commercial licensee of Xperi’s DTS AutoStage Broadcaster Portal Premium, rolling the in-car measurement service out across its 393 stations. Xperi says the platform covers 302 US markets and uses data from 16M+ vehicles. The deal follows Cumulus’s ongoing antitrust dispute with Nielsen over ratings access.