Cumulus Sees A Soft Q4, And Reveals Tower Sale Plan


With Cumulus Media‘s emergence from bankruptcy on June 4, 2018, year-over-year comparisons remain mildly complex. For the final three months of the year, however, apples-to-apples comparisons can be made … sort of.

Cumulus had fewer properties in its stable in Q4 2019 than in Q4 2018, so examining the results on a same-station basis is perhaps the best way to see how the company led by President/CEO Mary Berner performed.

The results — the last for John Abbot as CFO — aren’t pretty.

But, dollars from tower and land sales now in the works could be beautifully big.

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