Category Archives: Cumulus Media

Cumulus launches rights plan

Posted on June 6, 2017 by Fred Stiening

http://www.bizjournals.com/atlanta/news/2017/06/05/cumulus-media-adopts-anti-takeover-defense.html The market capitalization of Cumulus Media (NASDAQ: CMLS) is down to a mere $14 million, carrying debt of around $2.4 billion. The board just executed a preferred rights agreement intended to block a takeover attempt if any owner or … Continue reading →

Posted in Cumulus Media, Radio Owners | 6 Comments

Jon Grayson is done

Posted on December 2, 2016 by Fred Stiening

Jon Grayson was originally doing an overnight show on KMOX in Saint Louis – CBS radio spread the show to its own stations, and then went into wider syndication by Westwood One, now owned by Cumulus Media. The main competitors … Continue reading →

Posted in CBS, Cumulus Media, Talk Radio, Westwood One | 3 Comments

More trouble in CMLS land

Posted on November 3, 2016 by Fred Stiening

Nasdaq has several rules that a stock must follow in order to remain listed. One of the most important is a minimum stock price of $1 per share. The Cumulus stock had been down around $.30 a share since the … Continue reading →

Posted in Cumulus Media | 7 Comments

Gregg Knapp gets the Cumulus handshake

Posted on May 2, 2016 by Fred Stiening

Gregg Knapp used to do a syndicated show distributed by the venerable Radio America. Recently, he has been doing a local talk show on KCMO in Kansas City Missouri. He just got the word that the new Greg Knapp experience … Continue reading →

Posted in Cumulus Media | 5 Comments

ABC Radio, the final chapter.

Posted on April 11, 2016 by Fred Stiening

[Written December 28 2014] Cumulus Media, which acquired the ABC Radio legacy is ending its involvement after this week by switching to CNN “Features” at the top of the hour. According to my count, 33 Cumulus News/Talk stations currently carry … Continue reading →

Posted in Cumulus Media, Radio Biz | Leave a comment

Rdio day at Cumulus

Posted on April 10, 2016 by Fred Stiening

[written August 12, 2015 – Rdio has since folded and was acquired by Pandora]] This apparently has been in the works for a while. Rdio is a global streaming service created by the guys who invented Skype. It competes with … Continue reading →

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KGOne

Posted on April 1, 2016 by Fred Stiening

This morning’s mailbag contained the news that KGO-AM has killed their entire lineup. KGO is located in San Francisco and used to be a “progressive” talk station, long before Air America. One of its most famous alumni is Bernie Ward, … Continue reading →

Posted in 2016 election, Cumulus Media, IHeart Media | 2 Comments

The Eyes have it

Posted on March 16, 2016 by Fred Stiening

CBS Radio is in play. Now that Sumner Redstone is out of the picture at Viacom and CBS, rapid change may be in the air. Les Moonves runs CBS, and CBS radio is a division within CBS. CBS Radio is … Continue reading →

Posted in CBS, Cumulus Media, Radio Biz, Radio News | 1 Comment

Cumulus (CMLS) update

Posted on March 11, 2016 by Fred Stiening

Mary Berner, the new CEO of Cumulus Media, held her first full year conference call with Wall Street investors Thursday after the market closed. This is the first quarter for which she was responsible for running the company. The financial … Continue reading →

Posted in Cumulus Media, Radio Biz | 1 Comment

Cumulus Media to undergo Transgender surgery

Posted on January 26, 2016 by Fred Stiening

The New Cumulus is starting to emerge. The new CEO is not just an executive who happens to be a woman, but a woman on a mission to transform Cumulus into a female company. She just axed her male SVP … Continue reading →

Posted in Cumulus Media | 3 Comments