Cumulus Media Q2 Net Revenue Down 9.7%
Cumulus Media – which is still awaiting approval from the FCC as it works to exit Chapter 11 reorganization – reports its operating results for the second quarter of 2026 and reveals net revenue of $167.9 million, a decline of 9.7% from the same period in 2025. The company reports a net loss of $9.2 million, down from the 
$12.8 million net loss it reported for the same period in 2025. Breaking down the company’s revenue by segment, broadcast spot revenue was $81.5 million, down 10.6% from a year ago; network revenue was $21.4 million, a decline of 21.5% compared to 2025; and digital revenue was $38.7 million, basically flat compared to Q2 of 2025. Cumulus Media CEO Mary G. Berner comments, “We are pleased to report our second quarter earnings. With our plan of reorganization confirmed by the court and the FCC approval process well underway, we are positioned to emerge from Chapter 11 with a stronger balance sheet to capitalize on future market opportunities.”
to continue to operate its business as it makes its way through the Chapter 11 process that could be finalized in May if the pre-packaged bankruptcy plan continues to go smoothly. Attorneys for Cumulus reported to the court that the company now has the backing of 83% of its lenders for the reorganization plan that would put control of the company in the hands of the secured creditors. Once complete, the reorganization will have eliminated some $592 million of the company’s debt.