RUMOR MILL
Back to Rumor Mill >
Wednesday, March 20, 2019

GRAY SKIES CLEAR AT CUMULUS RADIO

A year after filing for bankruptcy, Cumulus Media grew its top line revenue for the first time in four years, to $1.1b, powered by significant growth in digital revenue, which includes an increasingly lucrative podcast operation.

EBITDA increased to $16.6m, up 7.6% from last year.

Digital revenue grew more than 60% thanks to local digital marketing services and podcasting businesses. Q4 saw a growth of 76% year-over-year.

At Westwood One, the company pulled in $12.5m in profitable podcast revenue; in 2016, that number was $100k.

Total revenues in 2018 for the Cumulus Radio Station Group were down just under a percentage point to $780.4m. Westwood One’s revenue was up 3.3% and its EBITDA was up 8.7% to $59m.

The company’s stock has seen a robust rebound rising to a closing price of $19.25 on Monday after selling for just under $11 at the end of last year.

CUMULUS EMERGES FROM CHAPTER 11
< PREVIOUS STORY
BACK TO RUMOR MILL
 
TOP 20: JUST TRUST US
A second sonic Boom (4/18a)
Check It Out Now
ON THE COVER:
AARON BAY-SCHUCK
AND TOM CORSON
Bunny's hoppin' again. (4/17a)
Check It Out Now
NEAR TRUTHS:
PRIMARY NUMBERS
Hats off to Larry (4/17a)
Check It Out Now
TAY’S FORTHCOMING DEBUT: WE ARE TORTURED BY SPECULATION
So many questions (4/18a)
Check It Out Now
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/18a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions