Cumulus Media Inc - Company Capsule

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					Cumulus Media Inc

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Cumulus Media Inc - Company Capsule

Reference Code: BR0236CC
Published Date: April 2011




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Cumulus Media Inc - Company Capsule                                                 Page 1
Cumulus Media Inc

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Cumulus Media Inc - Company Overview

Cumulus Media Inc (Cumulus) is an operator of FM and AM radio stations. The company principally provides its services
to various markets located in the US and Caribbean. Cumulus holds certain investment in Cumulus Media Partners, LLC
(CMP) for operating radio station clusters, which serve large-sized markets in the US. The company operates 315 radio
stations, including local marketing agreements(LMA) in 59 mid-sized US media markets. Further, Cumulus operates 32
radio stations across 9 markets, which include San Francisco, Dallas, Houston, and Atlanta through CMP. As a whole,
Cumulus has a total of 347 stations in 68 US markets. Cumulus is headquartered in Atlanta, Georgia, US.


Financial Performance

The company reported revenue of US$256 million during the fiscal year ended December 31, 2009. The company's
revenue declined at a compounded rate of 11.7% during the period 2007-2009 with a year on year decrease of 17.82%
over fiscal year 2008. During the fiscal year 2009, its operating margin was -44.9% as against an operating margin of -
136.5% in fiscal year 2008. During the fiscal year 2009, the company registered a net margin of -49.5% as against a net
margin of -116.1% in the fiscal year 2008.




Cumulus Media Inc - Key Facts

Cumulus Media Inc, Key Facts

                                  3280 Peachtree Road, N.W.,
                                  Atlanta, Georgia (GA), 30305,     Ticker Symbol, Stock
Corporate Address:                                                                             CMLS (NASDAQ)
                                                                    Exchange
                                  United States


Telephone                          + 1 404 9490700                  No. of Employees           2,255



Fax                                + 1 404 9490740                  Financial Year End         December



URL                               www.cumulus.com                   Revenue (in USD Million)   256.05



Industry                          Media



Locations                         United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Cumulus Media Inc

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Cumulus Media Inc - Major Products and Services

Cumulus Media Inc. is a radio broadcasting corporation. The key services of the company include the following:

Cumulus Media Inc, Major Products and Services
Services:

AM and FM radio stations
Source: Annual Report, Company Website, Primary and Secondary Research




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Cumulus Media Inc - Company Capsule                                                                              Page 3
Cumulus Media Inc

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Cumulus Media Inc - Key Competitors

The following companies are the major competitors of Cumulus Media Inc:

Westwood One, Inc.

Entercom Communications Corp.

Beasley Broadcast Group, Inc.

Salem Communications Corporation

Saga Communications, Inc




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Cumulus Media Inc

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Cumulus Media Inc - Key Employees


Cumulus Media Inc, Key Employees


          Name                             Job Title                      Board Level     Since   Age


Eric P. Robison            Director                                 Non Executive Board   1999    50


                           Executive Vice President, Co-Chief
John G. Pinch                                                       Senior Management     2007    61
                           Operating Officer

                           Executive Vice President, Co-Chief
John W. Dickey                                                      Senior Management     2007    43
                           Operating Officer


Joseph Hannan              Chief Financial Officer                  Senior Management     2010    38


                           Chief Executive Officer, President,
Lewis W. Dickey                                                     Executive Board       2000    48
                           Chairman


Ralph B. Everett           Director                                 Non Executive Board   1998    58


Robert H. Sheridan         Director                                 Non Executive Board   1998    47

Source: Annual Report, Company Website, Primary and Secondary Research




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Cumulus Media Inc - Company Capsule                                                                    Page 5
Cumulus Media Inc

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Cumulus Media Inc - Locations and Subsidiaries

Head Office

Cumulus Media Inc
3280 Peachtree Road, N.W.
Atlanta
Georgia (GA)
Zip: 30305
United States
Tel: + 1 404 9490700
Fax: + 1 404 9490740




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Cumulus Media Inc - Company Capsule                                                 Page 6
Cumulus Media Inc

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Cumulus Media Inc - Financial Ratios

Financial Ratios - Capital Market Ratios
Cumulus Media Inc, Ratios based on current share price

                                                 Key Ratios                                                            16-Jul-2010
Enterprise Value/Sales                                                                                                    2.82
Enterprise Value/Total Assets                                                                                             2.16
Note: Above ratios are based on share price as of 16-Jul-2010. The above ratios are absolute numbers.
Source: Annual Report, Company Website, Primary and Secondary Research




Financial Ratios - Annual Ratios
Cumulus Media Inc, Annual Ratios

                Key Ratios                        Unit/Currency               2009           2008         2007         2006          2005
Equity Ratios
EPS (Earnings per Share)                                USD                       -3.13           -8.55      -5.18        -0.87         -3.17
Book Value per Share                                    USD                       -8.95           -5.99      2.74          7.91          
				
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