One day after Cumulus reported lackluster profits and missed expectations for the fourth quarter of 2014, more than 14 million Cumulus stock trades took place – the second heaviest trading day in 5 years.
At the end of the day yesterday, Cumulus stock lost 17% of its value and went even lower in after hours trading.
They know something. Numbers don’t lie.
Investors are the canary in the coalmine. Here’s is what they are telling us.
If you’re already a subscriber, thank you for joining our group. Just click through and unlock the content.
If you’ve been thinking about subscribing and would like to access this story, let me tell you what you will get.
- The big objection that triggered a more than 14 million stock trade yesterday. And it wasn’t just the bad results. Cumulus always posts bad results. It’s worse.
- What really happened to that non-family operations exec the Cumulus board wanted Lew to hire. Who in the radio industry was interviewed for the job?
- CBS CEO Les Moonves says he still likes radio suggesting he doesn’t want to sell and Dickey can’t come up with the billions it would take so the merger is off, right?
- Why did two CBS programmers just join Cumulus – career death wish or something else?
- Lew’s announcement Tuesday that Cumulus was going to announce some big hiring’s in the next 30 days was code for what he is really planning to do.
The answers start here.
If you would like to read this story, see an option to gain access to my entire archive of 2,967 pieces and get daily email delivery, see your choices here …
When you have news to report, you are automatically in my Witness Protection Program, which has never revealed a source. Report news here.
Talk to Jerry privately here.
Media Solutions Conference countdown / 2 weeks to the day – read the brochure here. Reserve a seat.
Sign up to get these teasers every day for free here
About Inside Music Media: Read by more people than any other media newsletter of its kind. Contains no advertising. Is insightful, deadly honest, entertaining and informative. Accepts no corporate money. And is beholden only to subscribers.
Recent Posts
- Another Radio Pre-Pack Bankruptcy in the Works
- Audacy as a Non-Profit
- Taking Back the Dashboard from CarPlay
- Red Flags Flying at Townsquare
- Brutal Cumulus Firings
- Salem’s Liquidation Strategy
- Unnoticed Changes in Radio Audiences
- Why Urban One Can’t Keep an Accountant
- Digital Games Radio is Playing
- You May Have to Deal with AI-Driven Deregulation