May. 2 at 1:14 PM
Noble Capital Markets Research Report: Cumulus Media (
$CMLS) – Skating On Thin Ice
Q1 revenue weaker than expected. Total company revenues declined 6.4% to
$187.3 million, weaker than our 4.8% decline and
$190.4 million estimates, respectively. Due to previous cost reductions, the company achieved our adj. EBITDA estimate,
$3.5 million versus our estimate of
$3.4 million.
Read more: https://www.channelchek.com/news-channel/cumulus-media-cmls-skating-on-thin-ice