Page 66 - NobleCon19revC2_Neat

Communication
Date November 21, 2023 Communication Services
52wk High $7.59
52wk Low $2.57 Cumulus Media Inc. CMLS $5.17
780 Johnson Ferry Road NE
Atlanta, GA 30342

(USD - in millions) www.cumulusmedia.com
Market Cap 85.7
Enterprise 819.2
Basic Shares Out. 16.51 COMPANY OVERVIEW
Float 14.94
Institutional Holdings 40.57% Detailed Analysis:Channelchek.com
Short Interest 0.23 Cumulus Media (NASDAQ: CMLS) is an audio-first media company
Avg. 90-Day Volume 0.06 delivering premium content to over a quarter billion people every month
— wherever and whenever they want it. Cumulus Media engages
listeners with high-quality local programming through 405 owned-and-
operated radio stations across 86 markets; delivers nationally-
EPS Data syndicated sports, news, talk, and entertainment programming from
iconic brands including the NFL, the NCAA, the Masters, CNN, the AP,
2021 2022 2023 the Academy of Country Music Awards, and many other world-class
CQ1 (1.07) (0.04) (1.17) partners across more than 9,500 affiliated stations through Westwood
CQ2 (0.29) 0.42 (0.06) One, the largest audio network in America; and inspires listeners
through the Cumulus Podcast Network, its rapidly growing network of
CQ3 1.32 0.45 0.16 original podcasts that are smart, entertaining and thought-provoking.
CQ4 0.84 0.00 (0.59)
CY 0.83 0.81 (1.68) Source: Channelchek/QuoteMedia

Long-Term EPS Estimate 15.00
Price/Book (mrq) 23.23
ROE (ttm) -5.01
Debt-to-Total Cap. (mrq) 68.04
Fiscal Year End 31-Dec

780 Johnson FAtlanta GA 30342

Key Executives
CEO: Berner, Mary
CFO: Lopez-Balboa, Francisco
COO: N/A
IR: N/A
Noble Capital Markets, Inc.
Source: Capital IQ, Noble Financial estimates, company filings
Noble Director of Research 561-994-1191 noblecapitalmarkets.com
Michael Kupinski MEMBERS: FINRA, SIPC, MSRB
mkupinski@noblefcm.com Following the conference, complete video library of presentations will be
available at: channelchek.com | nobleconference.com
(561) 994-5734

Refer to the back of the book for disclosures