Cumulus Masquerading 3rd Quarter Fail

  • Cumulus reported third quarter revenue down 2% - that’s the good news
  • You won’t believe their fastest growing revenue stream
  • And how they are hiding debt in broad daylight
  • The net effect of staff reductions on actual financials
  • Net leverage of other groups is averaging 5.5x – here’s Cumulus’

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Previously: Scott Shannon’s Forced Retirement … The Future of Free Radio … Attitudes About Radio Are Changing … Radio Pressured to Sell Podcasting Ads … Audacy Ignoring Their Debt Problem … Beasley Botches Their Own Layoffs … Radio’s Attention Span Problem … Digital Dimes Killing Terrestrial Revenue … Beasley Headed Towards Bankruptcy … The Other Audacy/Beasley Deal … Olivier Rising at Audacy …

Journalism is printing what someone else does not want printed.  Everything else is just public relations --  George Orwell