Tuesday, February 23, 2021
TALKERS | February 23, 2021
Cumulus Media Reports 2020 Q4 Net Revenue Down 13.9%; Net Revenue for Full Year of 2020 Declines 26.7%. The second major radio company to report financial figures from the fourth quarter and the full year of 2020 (
Beasley was first back on February 10),
Cumulus Media reports net revenue of $245.8 million for the fourth quarter – a decline of 13.9% compared to the same period in 2019 – and full year 2020 net revenue of $816 million, down 26.7% from $1.1 billion reported in 2019. For Q4, Cumulus posted a loss of $249,000 a year after 2019’s Q4 income of $1.6 million. For the full year of 2019, the company posted a loss of $57.9 million compared to 2019’s full year income of $62.2 million. On the positive side, Cumulus reports that quarterly revenue improved sequentially from Q2 to Q4, both in total and excluding political; it achieved 9.4% year-over-year digital revenue growth (12.1% on a same station basis), driv
Remembering Rush with Greg Moceri | Newsradio WOOD 1300 and 106 9 FM iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
Greg Moceri joins
American Private Radio – producer of the extremely successful “Our American Stories” program – as strategy and content consultant. The “Our American Stories” nightly program is currently heard on more than 300 stations, including new affiliate KEIB-AM, Los Angeles “The Patriot AM 1150.” American Private Radio CEO and show host
Lee Habeeb says, “We’re thrilled to have Greg as a part of the team. We’ve long admired his well-earned
standing in the business, his ability to help stations and talent be better versions of themselves, and his all-around excellence and cheerfulness, too. He is already making a real difference.” Moceri, CEO of