As Morningstar stock rating service puts it "We think Cumulus' debt burden leaves shareholders at risk of total loss".
The rating service gives Cumulus one star (out of five) -- their worst rating.
But Cumulus isn't the only radio consolidator standing at the great abyss.
Most of them are.
The question is not whether these groups will go bankrupt because they are already trading as a bankrupt stock.
What's of interest is -- can they avoid dissolution?
Can consolidators find a way out in the worst economy since the Great Depression?
How much more collateral damage will there be as far as&hellip
Recent Posts
- How Creditors Pick Beasley Clean
- SiriusXM, iHeart Merger Talks Explained
- Cumulus’s New Ownership Alarm
- The Private Sale That Cratered Beasley
- The Station Liquidation Crisis
- Who Gets Beasley?
- The Disappearing Brand Manager
- iHeart’s Overlooked Profit Engine
- The CDs Weird Resurrection
- iHeart CEO Paid for Layoffs