CUMULUS MEDIA has released its first quarter results, with net revenue down 0.1% to $263.7 million, net loss narrowing 32.4% to $5 million, and Adjusted EBITDA up 4% to $40.3 million. Radio station group revenue fell 3.1% to $168 million, while WESTWOOD ONE revenue rose 5.5% to $95 million. The company is operating under Chapter…
Day: May 18, 2018
INSIDE RADIO: Pivotal Adjusts 2018 U.S. Ad Forecast Up 1.8 Points To +4.5%.
Good news for the U.S. advertising landscape from influential Pivotal Research Group, which provides Wall Street the real deal when it comes to consumer trends. It is upgrading expectations for ad growth in 2018, with +4.8% expansion following +4.5% growth in 2017. Writes analyst Brian Wieser, “Although rising levels of inflation are a factor, healthy personal…