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 RetirementThe Future of Free RadioAttitudes About Radio Are ChangingRadio Pressured to Sell Podcasting AdsAudacy Ignoring Their Debt ProblemBeasley Botches Their Own LayoffsRadio’s Attention Span ProblemDigital Dimes Killing Terrestrial RevenueBeasley Headed Towards BankruptcyThe Other Audacy/Beasley DealOlivier Rising at Audacy

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