With shares rising by 8.3% in Wednesday’s trading, Cumulus Media stockholders are digesting three key topics of interest concerning the radio station owner and Westwood One parent. There’s the refusal to consider a buyout offer of between $15-$17 per share from Jeff Warshaw. There’s a multimillion-dollar share buyback plan in lieu of a dividend. And, of course, there are the Q1 2022 results.
How did Cumulus do in the three months ending March 31?