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May 3rd, 2024, 12:10 PM
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Cumulus Q1 Net Revenue Down 2.7% to $200.05 Million
From Radio Online:
Cumulus Media reported first quarter net revenue fell 2.7% to $200.05 million from $205.6 million in 2023. Total broadcast revenue declined 5.6% to $139.7 million from $148 million, while digital climbed 7.3% to $34.4 million from $32 million. Adjusted EBITDA was down 18.6% to $8.4 million from $10.3
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