Cumulus Media is generating “tons” of free cash flow. Future free cash flow guidance is “optimistic.”
With those glowing words, and a declaration that radio is not dying anytime soon but is “merely evolving,” Seeking Alpha says a reconstituted, post-bankruptcy Cumulus is printing dollars.
How so? Here’s its explanation of why the No. 3 licensee of radio stations is on solid footing, even as it pares down assets.