Tag: Mary Berner
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Cumulus Sees 12% Revenue Decline During 2026’s First Quarter
The company's network radio revenue fell just under 25% during the first quarter.
Cumulus Receives Approval for Bankruptcy Restructuring
As part of the plan, the company will go private with its debt holders converting that debt into equity in the organization.
Cumulus Media Reports 10% Revenue Decline During 2025
"Looking ahead, we remain focused on building on the core strengths of the Company to maximize value."
Cumulus Media Reaches Agreement to Keep Mary Berner as CEO Post-Bankruptcy
Berner's base salary is set at $1.25 million annually, with a target bonus equal to 100% of her salary and a maximum payout of up to 200% depending on performance.
Cumulus Files for Prepackaged Chapter 11 Bankruptcy
"It became clear that Cumulus’s remaining debt burden limited our ability to fully realize the Company’s potential, and this agreement represents a major step forward."
Cumulus Media Forms Partnership With Eon Media for AI-Driven Initiatives
"The collaboration represents a strategic step for Cumulus as it seeks to modernize how listeners interact with its content while creating new revenue opportunities for advertisers and stakeholders."
Cumulus Media’s Revenue Declines 11.5% During 2025’s 3rd Quarter
"We remain confident in our ability to position the Company for long-term success through strong execution and by maximizing value from the Company’s underlying assets.”
NAB, Radio Owners Applaud FCC For Moving Forward with 2022 Quadrennial Review
"With updated rules, companies like ours can invest more locally, diversify our offerings, and compete effectively in today's rapidly evolving audio landscape."
Cumulus Media Sees 9% Revenue Decline During 2025’s 2nd Quarter
The company added that digital revenue saw a slight decrease -- 1.4%, or $38.8 million -- during the quarter.
Cumulus Media Posts 6.4% Revenue Decline in First Quarter of 2025
Net losses for Cumulus mounted during the window, as it finished the quarter with a loss of $32.4 million.