Colorado Media Newsroom
February 27th, 2024, 10:37 AM
From Radio Online:
Cumulus Media reported fourth quarter net revenues fell 11.9% to $221.3 million from $251.2 million in 2023. Adjusted EBITDA was down 46.6% to $22.79 million from $42.7 million. Total broadcast radio revenue declined 18.2% to $153.5 million from $187.6 million, while digital revenues grew 5% to $39.5 million
More... (https://news.radio-online.com/cgi-bin/rol.exe/headline_id=b17752)
Cumulus Media reported fourth quarter net revenues fell 11.9% to $221.3 million from $251.2 million in 2023. Adjusted EBITDA was down 46.6% to $22.79 million from $42.7 million. Total broadcast radio revenue declined 18.2% to $153.5 million from $187.6 million, while digital revenues grew 5% to $39.5 million
More... (https://news.radio-online.com/cgi-bin/rol.exe/headline_id=b17752)