With Music City Land Sale Done, Cumulus Poised For Full Recovery


One year ago, Cumulus Media‘s stock price was six cents below the $4 mark, a far cry from the $20.90 closing value seen in late August 2018, just weeks after CMLS began trading on the Nasdaq GlobalMarket following the company’s emergence from Chapter 11 bankruptcy reorganization.

Today, despite some softness across July, Cumulus shares are poised for a full recovery. It just reported Q2 earnings that, while not stellar, easily surpassed Street expectations — sending CMLS up 20 cents to $12.71.

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