CMLS

Cumulus Media Inc. (NASDAQ:CMLS) is an audio-first media company that emerged from bankruptcy in 2018 and has since focused on transforming from a traditional radio broadcaster into a diversified digital media platform. Founded in 2002 and headquartered in Atlanta, Georgia, the company operates one of the largest radio station portfolios in the United States while simultaneously building digital marketing and streaming businesses. Following its restructuring, Cumulus has pursued an aggressive cost-reduction strategy while investing in digital growth initiatives to offset declining traditional radio advertising revenues.