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.