When it comes to Wall Street and the investors in Cumulus Media, the company’s just-released second quarter earnings results will most certainly be viewed quite differently by two different camps each seeking the same ultimate goal: long-term revenue success for a leaner, better-managed radio broadcasting company no longer in the nation’s two largest markets.
On a same-station basis, the numbers don’t look so bad. But, will more focus be placed on the as-reported not-so-great overall results, considered the Wall Street standard?
If so, Cumulus and its leader, Mary Berner, could be in for a bumpy ride.