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
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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
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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
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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