Industry News

AWMF Announces Gracies Winners

The Alliance for Women in Media Foundation unveils the winners of the 50th Annual Gracie Awards, celebrating five decades of amplifying women’s voices, stories, and achievements in media. AWMF says, “This landmark anniversary marks not only a reflection on past trailblazers but also a declaration of the continued power of women shaping the cultural and media landscape.” The winners across all categoriesimg include: Megan Thee Stallion, Mayim Bialik, Kathy Bates, Angela Yee, Keke Palmer, Rita Cosby, Jill Schlesinger, Kristin Klingshirn, Letty Peniche and more. They will be honored at the Gracie Awards Gala on May 20, 2025, at the Beverly Wilshire in Los Angeles, which will be hosted by actress, comedian, and podcaster, Fortune Feimster. Local and student award recipients will be recognized at the Gracie Awards Luncheon on June 18 at Cipriani’s in New York City. AWMF president Becky Brooks says, “For 50 years, the Gracie Awards have honored the storytellers who push boundaries and redefine what’s possible. This is more than an awards show – it is a movement that has championed inclusion, representation, and truth in the media. The women we celebrate today are shaping the next 50 years, ensuring that our narratives are not just seen or heard, but felt and remembered. And we are excited to have Fortune Feimster join us as the host for our Golden Anniversary Gala in Los Angeles, bringing her incredible wit and energy to this unforgettable celebration.” You can see all the winners here.

Industry News

Yesterday’s Top News/Talk Media Stories (3/24)

The most discussed stories yesterday (3/24) on news/talk radio and related talk media according to TALKERS research:

1. Houthi Strikes Leaked to Press
2. Israel Strikes on Gaza/Russia-Ukraine War
3. Elon Musk and DOGE Firings
4. Pam Bondi vs Jasmine Crockett
5. Usha Vance Visits Greenland

Industry News

Audacy and Royals Extend Their Partnership

Audacy and the MLB’s Kansas City Royals announce a multi-year extension to their partnership in which KFNZ-FM “96.5 The Fan” serves as the team’s flagship station, airing all of its games. Games will also beimg streamed via the Audacy app within the Royals broadcast territory. Audacy Kansas City SVP and market manager Roxanne Marati says, “We’re thrilled to extend our longstanding partnership with the Royals and, for the first time ever, bring every pitch, hit, and home run to fans on crystal-clear FM. As the premier home for everything Kansas City sports, we’re proud to be the go-to destination for Royals fans and keep them connected to their favorite team throughout the year.”

Industry News

Top News/Talk Media Stories Over the Weekend (3/22-23)

The most discussed stories over the weekend on news/talk radio and related talk media according to TALKERS research:

1. U.S.-Russia Talks About Ukraine War
2. Trump Trade War/The Economy
3. Elon Musk & DOGE/SpaceX Government Contracts
4. Israel-Gaza War
5. NCAA Tournament

Industry News

Edison Research: Podcast Consumption Reaches New High

Edison Research releases its research project The Infinite Dial 2025 (with support from Audacy, Cumulus Media, and SiriusXM Media) that provides insights into “podcast consumption, online audio trends, in-car audio usage, smart speaker usage, social media behaviors, and other digital media habits.” Some of theimg key findings of this edition of the study include that podcast consumption has reached an all-time high with 70% of Americans age 12+ having listened to a podcast; 51% of those Americans age 12+ having watched a podcast; 73% of Americans age 12+ having consumed a podcast in either audio or video format, representing an estimated 210 million people; and 55% of Americans age 12+ now being monthly consumers. The study also looked at in-car audio use and finds that among americans age 18+ who have driven or ridden in a car in the past month (88%), 40% have Apple CarPlay or Android Auto, and 33% actively use one of these systems. You can download the study here.

Industry News

Top News/Talk Media Stories This Past Week (March 17-21, 2025)

Here are the most talked about stories of the past week (3/17-21) on news/talk radio and related talk media according to TALKERS:

Stories/Topics

1. Trump Dismantles Department of Education
2. Trump vs Judiciary
3. The Economy-Jobs-Inflation
4. Musk-DOGE Activities / Federal Firings
5. Israel-Hamas War-Gaza Cease Fire Broken / Russia-Ukraine War
6. Astronauts Return
7. ICE Deportation Crackdown
8. First Amendment Issues / GOP Town Halls
9. Big Tech / Misinformation / Censorship
10.Healthcare / Avian (Bird) Flu / Measles Outbreak

People

1. Donald Trump / Elon Musk
2. Benjamin Netanyahu
3. Vladimir Putin
4. Volodymyr Zelenskyy
5. Robert F. Kennedy, Jr.
6. Jeff Bezos
7. Mike Johnson
8. John Roberts / James Boasberg
9. Butch Wilmore / Suni Williams
10.JD Vance / Marco Rubio

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

SRN Moves Charlie Kirk to Dennis Prager’s Affiliates

Salem Media Group’s Salem Radio Network is putting host Charlie Kirk onto the Dennis Prager affiliate stations, effective March 31. This move comes as the result of Prager suffering a debilitating injury lastimg November after a fall in his home in which he suffered a spinal cord injury. Prager is going through extensive rehabilitation. Charlie Kirk has been hosting his show live in the same 12:00 noon to 3:00 pm ET daypart as Prager since October of 2020 and SRN says this will be an easy transition for most stations. Prager and imgSalem have agreed to his return for one hour a day, airing 2:00 pm to 3:00 pm ET, starting Tuesday, June 3. Salem SVP of spoken word Phil Boyce says, “Dennis may have some physical limitations at the moment, but his wit, wisdom, insights and passion are as strong and as clear as ever and we are delighted at his spirit and resolve to return to his audience. We want Dennis to remain a part of the Salem family and want his millions of loyal fans to continue to hear his voice. Affiliates of Charlie will continue to get the Kirk show with no interruption, and affiliates of Dennis will soon get Charlie Kirk as a strong and able replacement.”

Industry News

New York Festivals Radio Awards Unveils 2025 Shortlist

The New York Festivals 2025 Radio Awards announces the 2025 Radio Awards Shortlist. NYFestivals says, “This year’s impressive shortlist features entries across a range of categories, including audiobooks, podcasts, dramas, documentaries, breaking news coverage, entertainment, and music specials.img Pioneering work was submitted by radio stations, networks, prominent production companies, and independent producers worldwide.” Additionally, the 2025 National Press Club Award will go to the highest scoring entry in news program categories including: Coverage of Breaking News Story, Coverage of Ongoing News Story, Nonfiction Series, Investigative Journalism podcast, and News Podcast. The winner will be announced during the New York Festivals 2025 Storytellers Gala virtual event on May 22, 2025. See the entire 2025 Radio Awards Shortlist here.

Industry News

NewsTalkSTL Announces Programming Changes

NewsTalkSTL announces programming changes on its trio of signals in the St. Louis metro that includes KNBS-FM, Bowling Green; KLJY-HD2, St. Louis; and translator K270BW, Bellefontaine in Missouri. Theimg “NewsTalkST” brand is filling the hole in middays due to the end of the “Dan Bongino Show” by moving “The Allman Report” with Jamie Allman to the 12:00 noon to 2:00 pm daypart and expanding the “The Vic Porcelli Show,” hosted by Porcelli and Ken Williams to 9:00 am to 12:00 noon. NewsTalkSTL president of programming Jeff Allen says, “This is the first major change to our prime time weekday lineup since we launched nearly four years ago, which speaks to how important this expansion is for our station and our listeners. Listener feedback over the past few weeks made it clear this was the lineup they wanted, and we’re excited to deliver it.”

Industry News

Democrat Starks to Leave the FCC

Federal Communications Commission Commissioner Geoffrey Starks announces he is resigning from the Commission. He issued the following statement: “Today I sent a letter to the president and leader Schumer indicating that I intend to resign my seat as a commissioner this spring. Serving the American people as aimg commissioner on the Federal Communications Commission has been the honor of my life. With my extraordinary fellow commissioners and the incredible career staff at the agency, we have worked hard to connect all Americans, promote innovation, protect consumers, and ensure national security. I have learned so much from my time in this position, particularly when I have heard directly from Americans on the issues that matter to them. I have been inspired by the passion, engagement and commitment I have seen from colleagues, advocates, and industry. Over the next few weeks, I look forward to working with the chairman and my fellow commissioners, and all FCC staff, to further the mission of the agency.” Starks is one of two Democrats currently serving on the Commission.

Industry News

WWO Presents Multiplatform Coverage of NCAA Tournament

Cumulus Media’s Westwood One, as the official network audio broadcast partner of the NCAA, isimg presenting coverage of the NCAA Division I Men’s Basketball Championship. The network will present all of the games through the National Championship on Monday, April 7. The trio of Kevin Kugler, Robbie Hummel, and P.J. Carlesimo will announce all the action for the Final Four and the National Championship.

Industry News

Yesterday’s Top News/Talk Media Stories (3/18)

The most discussed stories yesterday (3/18) on news/talk radio and related talk media according to TALKERS research:

1. Chief Justice Roberts Rebukes President Trump
2. Trump-Putin Talks
3. Stocks Slide/Recession Fears
4. Musk’s Dismantling of USAID
5. Israel Attacks on Gaza

Industry News

Audacy Announces Executive Changes

Audacy makes a number of changes to its senior management team beginning with interim CEO Kelli Turner being named permanent president and CEO. In addition to a couple of promotions, the company has parted ways with four of its senior managers as COO Susan Larkin, chief digital officer J.D. Crowley, chief marketing officer Paul Suchman, and general counsel and EVP Andrew Sutor all exit. Promotionsimg include Chris Oliviero rising from market president for New York to chief business officer; Bob Philips shifting from president of networks and multi-market sales to chief revenue officer; and deputy general counsel Mike Dash rising to EVP and general counsel. Audacy chairman and lead media investor in Soros Fund Management Michael Del Nin says, “On behalf of the Audacy board, we are delighted that Kelli Turner has agreed to take on the permanent president and CEO role and lead Audacy through its next phase of reinvention and growth. She is an exceptional media executive who, along with Chris Oliviero and the rest of the Audacy team, will ensure we continue to invest in high-quality content to engage our audiences and provide best-in-class solutions to our partners.”

Industry News

Rich Herrera to Host “Richmond’s Morning News”

Broadcasting pro Rich Herrera is the new host of “Richmond’s Morning News” on Audacy’s WRVA/WTVR-HD2, Richmond. Audacy Virginia SVP and market manager Bennett Zier says, “Rich brings an authentic voice to the morning airwaves and a strong commitment to his community. His sharp analysis and ability toimg engage listeners in meaningful and entertaining conversation make him a valuable addition to the WRVA team. We’re excited to welcome Rich and continue delivering the news that matters most to our community.” Herrera comments, “I am thrilled to join the WRVA team, a legendary station with a great lineup of hosts and shows. After meeting with Bennett Zier and Zach McHugh and getting the chance to host Richmond’s morning news, I fell in love with the station. My family is excited to make Richmond our home. I want to thank Chris Oliviero and Jeff Sottolano for their support and mentorship, as well as Drew Anderssen, our format vice president, who encouraged me a year ago to transition from sports talk to general news.”

Industry News

Salem Media Group to Sell Remaining Hawaii Stations

Salem Media Group is selling its remaining Hawaii broadcast properties and digital assets to Malama Media Group. Malama is acquiring country KHCM-FM, sports talk KGU-AM and KHCM-AM/K236CR,img Christian KGU-FM, classic hits KKOL-FM, and news/talk KHNR-AM/K232FL. Salem CEO David Santrella says, “While Salem closes our chapter in Honolulu, I am thrilled to know that these stations are going to a buyer that has a shared passion for the formats we have there and plans to keep those formats intact, particularly the Christian teach and talk and conservative news/talk formats.”

Industry News

ESPN Chicago Names Meller White Sox Shows Host

Good Karma Brands’ sports talk WMVP “ESPN Chicago” announces that Jeff Meller is named the host of the Pregame and Postgame shows for Chicago White Sox broadcasts this season, Meller is a longtimeimg producer and host at the station. “ESPN Chicago” director of content Danny Zederman says, “We are excited to add Jeff to the ‘ESPN Chicago’ White Sox broadcast crew. We know fans of the Sox will appreciate his knowledge and will connect with him as a lifelong fan of the club. Meller has been a member of the ESPN Chicago team for 20 years! He has great passion for the Sox and all Chicago sports. This is a ‘dream job’ for him and we know he will add great value to our broadcasts.”

Industry News

Talk Radio Host Joe Pags Swatted; Armed Police Swarm His Home

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Nationally syndicated talk radio host Joe “Pags” Pagliarulo’s home was swatted last week, bringing heavily armed police officers to his home at 2:35 in the morning. Pags recounted the events for his listeners and posted video of the segment to X. In it, says that he’s usually up until 5:00 am and therefore was awake when his cameras app told him there was something outside his house. Hisimg camera app showed the image you see in the photo here – a man who appears dressed as a cop with an AR-15 outside his house. Pags says he quickly called 911, identified himself, told the operator he thought he was being swatted and asked if the police were at his house. After confirming that it was the police, Pags was able to get the officers to stand down and they were assured there was no reason to be there. Pags tells his listeners that the goal of the swatters was to get him to grab his gun and go outside, in which case he likely would have been killed. You can listen to the show segment here.

Industry News

Cumulus Media Shuts Down Stations in Cost Saving Move

Cumulus Media is undergoing a corporate mandate to shutter underperforming stations across the country. As reports of dark stations tickle in TALKERS can report that according to the Fulton Sun, Cumulus Mediaimg has ended operations of news/talk KLIK-AM and its translator K278CT. The station ceased broadcasting on March 14. Read the Sun story here. The company also ended operations at sports talk WLZR-AM, Melbourne, Florida and its translator W300DL at 107.9 FM. Last week it was reported that Cumulus ceased operations at KZAC-AM, formerly KSFO-AM.

Industry Views

Monday Memo: Matter, and Money Will Follow

By Holland Cooke
Consultant

imgThere has never been more news. And news has never been more quotable. It costs two-plus cents to make a penny.

Events impacting everyday life are unfolding around-the-corner, around-the-world, around-the-clock. The listeners our advertisers want as customers are in “What NEXT???” mode.

There have never been more places to get news. And the broadcasters that monetize information best have evolved what we used to call “a radio station” into a multiplatform source of content pertinent to its target listener. Trusted call letters are the surname shared by digital siblings.

Being known for helpful information is key. My client stations image relentlessly as “Your Only Local News Radio.” If you are too, rip me off, and burn-it-in.

But imaging merely talks-the-talk. All the promos in the world won’t walk-the-walk. We become habit-forming by delivering information that is relevant and useful and enabling and easily understood and seems up-to-date.

im

Accordingly:

  • When we report information-given-to-us (press releases, etc.), rewrite to succinctly convey what the story means. Typically, press releases are about the sender. Our lead sentence needs to be about how-it-matters-to the listener.
  • Keep it fresh. The second and third time someone hears a story word-for-word, the little voice in his/her head says, “You already told me that.” Every effort we make to update copy is worth it.
  • Listen to your on-hour network, for three reasons: Emulate their crisp copy style, which conveys the consequence of items being reported. And emulate their delivery. Note how FOX News Radio morning anchor Dave Anthony sounds like he’s talking, not reading. And listen for opportunities to localize big national/international stories.

What is being reported by national media, how does it hit home, and who locally can comment or explain?

  • How is DOGE government downsizing impacting people in your state, in your city? Most of the federal workforce does not live in Washington/Maryland/Virginia.
  • We pray for ailing Pope Francis. When he passes, who from your diocese or parish can you interview? “The Conclave” won an Oscar and was nominated for eight.

Music radio is in the fight of its life with streams, and too much talk radio is an angry caricature. Matter most, and money will follow.

Holland Cooke (HollandCooke.com) is a consultant working the intersection of broadcasting and the Internet. Follow HC on Twitter @HollandCooke and connect on LinkedIn

Industry News

Townsquare Media Reports Q4 and 2024 Full Year Results

Townsquare Media reports its operating results for the fourth quarter of 2024 and for the full year of 2024. Company CEO Bill Wilson says, “I am pleased to share that Townsquare’s performance improved meaningfully throughout 2024, culminating with fourth quarter net revenue growth of +2.6% year-over-year (on revenue of $117.8 million), and Adjusted EBITDA growth of +25.8% year-over-year, driven by the strong sequential improvement in our two digital businesses and the benefit of political revenue. Inimg addition, net income (loss) improved $26.9 million year-over-year in the fourth quarter, and $32.1 million in the year, in large part due to a reduction in non-cash impairment charges… Our Broadcast Advertising net revenue declined in-line with our expectations for 2024 (mid-single digit ex-political decline) which aligns with our view that broadcast is a mature cash cow business that will continue to face headwinds going forward, as businesses will continue to share shift from traditional advertising to digital advertising. Thankfully, we are often the beneficiary in that case, as we frequently have the most comprehensive set of digital advertising solutions available in our markets. Digital is and will continue to be Townsquare’s growth engine, and we believe Townsquare’s ability to drive profitable, sustainable digital growth is a key differentiator for our company, and consistent with our strategy of being a Digital First Local Media Company.”

Industry News

Salem Media Group Reveals 2024 Financial Results

Salem Media Group reports total net revenue of $237.5 million for the full year of 2024, a decline of 8.1% from 2023. But Salem made a number of changes in its business in 2024, including the sale of its Christianimg music stations and it Christian contemporary format. It sold a number of other assets during the year. While its broadcasting net revenue was $185.9 million, a decline of 6% from 2023, its digital net revenue was $45 million, an increase of 7.2%. Salem was also able to report net income of $16.2 million for 2024, compared to the net loss of $43.3 million it reported for 2023.

Industry News

Top News/Talk Media Stories Over the Weekend (3/15-16)

The most discussed stories over the weekend on news/talk radio and related talk media according to TALKERS research:

1. Immigrant Deportations
2. Trump Trade War/Financial Markets Activity
3. Russia-Ukraine War/U.S. Strikes Houthis in Yemen
4. Schumer Blowback
5. Deadly Weekend Weather

Industry News

FCC Chair Carr Promotes Launch of Deregulation Initiative

FCC Chairman Brendan Carr is promoting his agency’s new deregulatory initiative, the new docket of which is titled, “In re: Delete, Delete, Delete.” The Commission says it is seeking comment on every rule, regulation, or guidance document that the FCC should eliminate for the purposes of alleviatingimg unnecessary regulatory burdens. This follows President Donald Trump’s Executive Order 14192 titled, “Unleashing Prosperity Through Deregulation” and Executive Order 14219 titled “Ensuring Lawful Governance And Implementing The President’s ‘Department Of Government Efficiency’ Deregulatory Initiative.” FCC Chairman Carr says, “Under President Trump’s leadership, the Administration is unleashing a new wave of economic opportunity by ending the regulatory onslaught from Washington. For too long, administrative agencies have added new regulatory requirements in excess of their authority or kept lawful regulations in place long after their shelf life had expired. This only creates headwinds and slows down our country’s innovators, entrepreneurs, and small businesses. The FCC is committed to ending all of the rules and regulations that are no longer necessary. And we welcome the public’s participation and feedback throughout this process. The American people expect and deserve a government that will efficiently deliver great results. We are committed to doing exactly that at the FCC.”

Industry News

Radio Personality Matt Pinfield Ready to Return After Stroke and Coma

Rock radio and television personality Matt Pinfield is out of the hospital and at a rehabilitation center recovering from a stoke that put him in a coma back in January. The 63-year-old Pinfield says he’s eagerimg to get back to work, “I am so grateful to be alive. The general consensus was that I wasn’t going to make it and here I am! I am overwhelmed and humbled by your love. I am beyond grateful for those that have stuck by me. My radio family includes my listeners, my dear friends, and the wonderful radio companies that continue to support me. It means the world to me. I cannot wait to get back to hosting “Flashback,” KLOS and SoCal Sound. We were told I might not speak or walk again, and my voice is back, and I am doing five hours of physical therapy a day and my walking continues to improve. There is nothing like my radio community.   I love you all.”

Industry News

Deadline for Radio HoF Nominations Approaching

The Radio Hall of Fame nominating committee is reminding the public that the deadline for submissionsimg for the class of 2025 is Monday, March 31 at 11:59 pm PT. You can visit www.radiohalloffame.com to make a submission. Twenty-four broadcasters will be selected as nominees to be voted upon by industry personnel later this year. The 2025 Radio Hall of Fame Induction Ceremony will be held in Chicago on Thursday, October 30, 2025.

Industry News

Top News/Talk Media Stories This Past Week (March 10-14, 2025)

Here are the most talked about stories of the past week (3/10-14) on news/talk radio and related talk media according to TALKERS:

Stories/Topics

1. GOP Budget/Government Shutdown Threat
2. Trump’s Trade War/Financial Markets Plunge
3. Musk-DOGE Activities
4. Department of Education Elimination
5. Russia-Ukraine War
6. EPA Deregulation
7. Greenland Elections
8. Israel-Hamas War
9. U.S.-Canada Relations
10.Big Tech / Misinformation / Censorship

People

1. Donald Trump
2. Elon Musk
3. Vladimir Putin/Volodymyr Zelenskyy
4. Benjamin Netanyahu
5. Howard Lutnick/Doug Ford
6. Chuck Schumer
7. JD Vance
8. Linda McMahon
9. Mike Johnson
10.Jens-Frederik Nielsen

To see the full TALKERS Stories, Topics, and People Charts, please click HERE.

Industry News

WWO: AM/FM Reach Dominates Ad-Supported Digital Audio

This week’s Cumulus Media | Westwood One Audio Active Group blog addresses the effectiveness of advertising on AM/FM radio versus ad-supported digital audio using data from Edison Research’s ongoing Share of Ear study. The gist of the post is that equating AM/FM radio reach with ad-supported digital audioimg is a mistake. Some of the findings include: 1) In a typical day, ad-supported digital audio reaches less than a third of America while AM/FM radio reaches two-thirds of America. Combined, ad-supported digital audio and AM/FM radio reach 74% of the U.S. daily; 2) Between ad-supported Spotify and AM/FM radio, most people only listen to AM/FM radio; 3) Between ad-supported Pandora and AM/FM radio, most people only listen to AM/FM radio; 4) The U.S. ad-supported audio clock: Podcasts and AM/FM radio represent nearly 90% of tuning minutes; 5) With a towering in-car share of 86%, AM/FM radio is the primary way to reach consumers on the path to purchase; The proportion of AM/FM radio in-car listening has surged, returning to pre-pandemic norms. See the full blog post here.

Industry News

Yesterday’s Top News/Talk Media Stories (3/12)

The most-discussed stories yesterday (3/12) on news/talk radio and related talk media according to TALKERS research:

1. Budget Battle/Government Shutdown Threat
2. Trump’s Trade War/Financial Markets Activity
3. DOGE/Elon Musk’s Influence
4. Russia-Ukraine War
5. EPA Deregulation

Industry News

Red Apple to Syndicate Anthony Cumia Weekend Show

Red Apple Audio Networks announces that it is offering the new “Anthony Cumia Show” in national syndication. Cumia’s program airs live on WABC, New York on Sunday evenings from 8:00 pm to 10:00 pm. Speaking about his return to terrestrial radio, Cumia says, “I missed radio, and I am thrilled at theimg interest from radio stations nationwide. Radio is a great way to engage with the audience, and now that Red Apple Audio Networks is taking the show national, I can’t wait to connect with listeners in other markets.” Red Apple and 77WABC Radio president Chad Lopez states, “Radio clearly wants Anthony Cumia, as dozens of inquiries came in asking about syndication. We shifted into high gear and moved quickly. One of our advantages at Red Apple Media is that we can swiftly pivot to meet market demand.”

Industry News

Erick Erickson Show Adds New Affiliates

The Compass Media Networks syndicated “Erick Erickson Show” adds new affiliate stations to its roster.img Now airing the program are Townsquare Media’s KONA-AM, Tri-Cities, Washington; Eifel Tower Broadcasting’s KZHN-AM, Paris, Texas; Vero Beach Broadcasters’ WTTB, Vero Beach, Florida; and Zimmer Midwest Communications’ KWTO, Springfield, Missouri. “The Erick Erickson Show” airs live weekdays from 12:00 noon to 3:00 pm ET.

Industry News

Audacy Gives KMOX, St. Louis a Full Market FM

Audacy does a frequency swap in St. Louis giving news/talk KMOX-AM the full-market Class C2 FM atimg 104.1 that had been the home to hip hop WHHL-FM “HOT 104.1.” In return, KMOX gives up translator K254CR at 98.7 to the hip hop outlet. These changes become effective on March 24. Audacy St. Louis and Wichita SVP and market manager Becky Domyan says, “We’re thrilled to expand KMOX’s reach and bring the trusted news and entertainment our listeners rely on, as well as Cardinals baseball, on an enhanced FM signal that covers the greater St. Louis region.”

Industry News

Cumulus Facing NASDAQ Delisting

Last week, Cumulus Media received a notification from the listing qualifications department of NASDAQ indicating that, based on the company’s stockholders’ equity of $6.95 million is not in compliance with the minimum stockholders’ equity requirement for continued listing on the NASDAQ Global Market. The ruleimg requires companies to maintain stockholders’ equity of at least $10 million or meet the alternative compliance standards relating to the market value of the listed securities or the company’s total assets and revenue. Now, Cumulus has until April 21 to provide NASDAQ with a plan to achieve and sustain compliance. If NASDAQ accepts the plan, NASDAQ may grant an extension of up to 180 calendar days to evidence compliance. Cumulus says it is continuing to evaluate potential options to resolve the deficiency and regain compliance, including the possibility of applying to transfer to the NASDAQ Capital Market.