About Cumulus Media
Cumulus Media is a company based in Atlanta (United States) founded in 1997.. The company has 3,110 employees as of December 31, 2024. Cumulus Media has completed 5 acquisitions, including 101WKQX, Citadel Broad Casting and Merlin Media. Cumulus Media offers products and services including Radio Stations, Cumulus Podcast Network, and Advertising Solutions. Cumulus Media operates in a competitive market with competitors including Cadent, Digital Domain, Primedia Group, Omnicom Group and The Meet Group, among others.
- Headquarter Atlanta, United States
- Employees 3110 as on 31 Dec, 2024
- Stage Public
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cumulus Media Inc.
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Annual Revenue
$827.08 M-2.07as on Dec 31, 2024
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Net Profit
$-283.25 M-140.29as on Dec 31, 2024
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EBITDA
$86.86 M-14.2as on Dec 31, 2024
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Latest Funding Round
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Investors
Oaktree Capital Management
& 1 more
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Employee Count
3110
as on Dec 31, 2024
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Investments & Acquisitions
101WKQX
& 4 more
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Acquired by
N/A
(Apr 14, 2022)
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IPO & Listings of Cumulus Media
Cumulus Media is a publicly listed company on the OTC with ticker symbol CMLS in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cumulus Media
Cumulus Media offers a comprehensive portfolio of products and services, including Radio Stations, Cumulus Podcast Network, and Advertising Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Network of stations for local and national audio programming
Platform offering original smart and entertaining podcasts
Services for personalized brand connections and audience reach
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Leadership Team
72 people
Software Development Team
56 people
Sales and Marketing
36 people
Finance and Accounting
26 people
Operations Team
23 people
Human Resources and Administration
16 people
Morning Team
7 people
Board Team
5 people
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Funding Insights of Cumulus Media
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2011 | Amount | Post-IPO - Cumulus Media | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cumulus Media
Cumulus Media has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Oaktree Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cumulus Media
Cumulus Media has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include 101WKQX, Citadel Broad Casting and Merlin Media. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of music, live listen and air staff services
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2013 | ||||
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3D design, printing, and consulting services are provided to clients.
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2010 | ||||
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Streaming platform for radio, podcasts, news, and music is provided.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cumulus Media
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cumulus Media Comparisons
Competitors of Cumulus Media
Cumulus Media operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cadent, Digital Domain, Primedia Group, Omnicom Group and The Meet Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
TV advertising solutions are provided for businesses through data-driven methods.
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| domain | founded_year | HQ Location |
Visual effects studio for feature film and advertising production
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| domain | founded_year | HQ Location |
Advertising and media services are provided across Africa.
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| domain | founded_year | HQ Location |
Marketing & communications company
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| domain | founded_year | HQ Location |
Provider of advertising services
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| domain | founded_year | HQ Location |
Creative solutions are provided for brand building and business challenges.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cumulus Media
Frequently Asked Questions about Cumulus Media
When was Cumulus Media founded?
Cumulus Media was founded in 1997 and raised its 1st funding round 14 years after it was founded.
Where is Cumulus Media located?
Cumulus Media is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Cumulus Media?
Mary Berner is the current CEO of Cumulus Media.
How many employees does Cumulus Media have?
As of Dec 31, 2024, the latest employee count at Cumulus Media is 3,110.
What is the annual revenue of Cumulus Media?
Annual revenue of Cumulus Media is $827.08M as on Dec 31, 2024.
What does Cumulus Media do?
Cumulus Media, led by Steven Galbraith as Board of Directors, Andrew Hobson as Chairman, Mary Berner as CEO, specializes in providing business support, marketing services, and advertising agencies. Audio-first media and entertainment company. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Who are the top competitors of Cumulus Media?
Cumulus Media's top competitors include GroupM, Cadent and Digital Domain.
What products or services does Cumulus Media offer?
Cumulus Media offers Radio Stations, Cumulus Podcast Network, and Advertising Solutions.
Is Cumulus Media publicly traded?
Yes, Cumulus Media is publicly traded on OTC under the ticker symbol CMLS.
How many acquisitions has Cumulus Media made?
Cumulus Media has made 5 acquisitions, including 101WKQX, Citadel Broad Casting, and Merlin Media.
Who are Cumulus Media's investors?
Cumulus Media has 1 investor. Key investors include Oaktree Capital Management.
What is Cumulus Media's ticker symbol?
The ticker symbol of Cumulus Media is CMLS on OTC.