Another Rough Session For Cumulus


It was a strong start to the week for much of Wall Street on Monday, as the Dow Jones Industrial Average jumped 183.67, to 20,636.92, and the Nasdaq Composite gained 51.64, to 5,856.79 while Canadian and U.K. markets were closed for the Easter Monday bank holiday.

It wasn’t such a strong start for Cumulus Media, however.

The nation’s No. 2 owner of radio stations by AM and FM asset count saw its shares dip another 6% on Nasdaq, to a new low of 25 cents per share.

Cumulus’ market cap now stands at $7.39 million.

Emmis Communications was also down, with a 3.9% dip to $2.21. It marks a retreat to levels not seen since May 2016.

Emmis’ market cap is $27.4 million.

On a positive note,¬†Saga Communications’¬†recent growth spurt continues, as the media company saw a 2.1% rise in its share value, to $51.50.

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