A Strong Tuesday For Radio’s Top Two


Cumulus Media¬†rode a wave of positive momentum after a good Q1 report was released after Monday’s Closing Bell on Wall Street, as its shares climbed 22.5%, to 38 cents, in today’s trading.

At the same time, iHeartMedia shares rose 5.8%, to $2.18.

The gains came in a mixed overall session that saw TV companies slump again.

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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.