Colorado Media Newsroom
April 27th, 2023, 11:00 AM
From Radio Online:
Cumulus Media reported first quarter net revenue fell 11.4% to $205.7 million from $232 million in 2022. Digital revenue increased to $32.1 million, representing 16% of total revenue, while streaming revenue was up 16%, driven by monetization of new NFL streaming rights. Adjusted EBITDA declined to
More... (https://news.radio-online.com/cgi-bin/rol.exe/headline_id=b17417)
Cumulus Media reported first quarter net revenue fell 11.4% to $205.7 million from $232 million in 2022. Digital revenue increased to $32.1 million, representing 16% of total revenue, while streaming revenue was up 16%, driven by monetization of new NFL streaming rights. Adjusted EBITDA declined to
More... (https://news.radio-online.com/cgi-bin/rol.exe/headline_id=b17417)