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
Shelley Wynter (right) and
MalaniKai Massey (left) is getting a 90-day tryout in the nightly 10:00 pm to 12:00 midnight slot on
Cox Media Group’s news/talk WSB-AM/WSBB-FM, Atlanta that’s opening due to
Clark Howard’s ending of his regular radio programs at WSB this month. The “Word on the Street” program launched in mid-2019 as a weekly show that became a Saturday
and Sunday program. Wynter and Massey have also been filling in for other WSB shows. WSB program director
Drew Anderssen tells the
AJC, “As a result of the breakneck pace of news in 2020 the program has been on quite a bit, tackling tough issues while keeping audiences engaged.” “Word on the Street” has a conservative-versus-liberal aspect to it as Wynter is a Trump-supporting conservative versus Massey’s progressive demeanor, but it’s not too in-your-face. Wynter comments that he “wants the show to be a bit like friends hanging out at a bar.”