$CMLSQ

Radio Training Network (RTN) is acquiring two FM stations from Cumulus Media for $2.05 million. The stations, KKEG in Arkansas and WIXV in Georgia, will expand RTN's portfolio. This is the second deal between the companies this year. The transaction is pending regulatory approval.

Cumulus Media reported Q2 2026 net revenue of $167.9 million, down 9.7% year over year, and a net loss of $9.2 million versus a $12.8 million loss in Q2 2025. Broadcast spot revenue fell to $81.5 million, network revenue to $21.4 million, while digital revenue was $38.7 million, roughly flat. The company is awaiting FCC approval to exit Chapter 11.

Cumulus Media Inc. (CMLSQ) reported a second-quarter loss of $9.2 million, or 52 cents per share. The Atlanta-based radio station owner posted revenue of $167.9 million for the quarter, according to the company’s results cited by Zacks Investment Research.

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. EX-99.1 2 cmlsq22026er11.htm EX-99.1 Document 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

Cumulus Media said Nielsen has not complied with a preliminary antitrust injunction. A Dec. order by SDNY Judge Jeannette Vargas was upheld by the Second Circuit on July 13, but enforcement is delayed because the appellate mandate has not issued and Nielsen’s rehearing petition is pending. Vargas ordered supplemental briefs on whether she can enforce before the mandate; Nielsen also argues mootness via a July 31 pricing offer.

Cumulus Media is conducting additional layoffs in sales, programming, and podcasting as it awaits formal exit from prepackaged Chapter 11 bankruptcy, with FCC approval pending. A spokesperson said claims that the Cumulus Podcast Network staff were fully laid off were inaccurate. Cumulus reported podcasting revenue up 15% normalized in Q3 2025, while broadcast revenue fell double digits.

Cumulus Media is conducting new layoffs in sales and programming as it awaits formal exit from its March prepackaged Chapter 11 bankruptcy. A federal judge approved its reorganization plan in April, and FCC approval is pending. The reorganized company would give Alden Global Capital’s Heath Freeman about 32% voting interest. iHeartMedia also cut jobs.

Cumulus Media asked Judge Jeannette Vargas to enforce a federal injunction against Nielsen, saying Nielsen has delayed compliance for two weeks by not offering a court-compliant price for its Nationwide ratings product. The injunction limits Nielsen from charging a commercially unreasonable rate and sets a presumptively reasonable rate tied to Nielsen’s highest 2026 annual price to another broadcaster. Nielsen has sought rehearing by the full Second Circuit.

Cumulus Media’s FCC filing shows Alden Global Capital President Heath Freeman, via Next Gen Radio Enterprises LLC, is expected to hold a 31.86% voting interest in the reorganized broadcaster pending approval. The article cites prior newsroom cut allegations tied to Alden’s newspaper holdings. Cumulus’ FCC transfer is required after its April 15 reorganization confirmation.