Cumulus Ad Revenue Secret

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  1. Phantom or uncollected billing that will terrify Cumulus lenders – the secret is revealed.
  2. How much Cumulus is writing off in bad advertising debt months after they claimed it as revenue growth.
  3. Why Cumulus is asking their bankruptcy judge for another 4 months of exclusive negotiating rights with lenders and bondholders who are increasingly concerned about current management.
  4. Two tricks that make Cumulus operating revenue seem higher – exposed here.
  5. What recent events may force lenders to not agree to a restructuring of Cumulus.

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