No insider purchase over the last 90 days. The latest, by Nimbus Atlas LLC, was filed 19 Feb 2019.
Every trade that managers of Cumulus Media Inc disclose to SEC (Form 4) is tracked on this page. The company sits in the Media & Communication sector and is based in Atlanta, United States. It was founded in 1998. Between 22 October 2025 and 22 October 2026, 9 insiders published 10 filings.
None of the filings is a plain purchase or sale on the open market; they cover grants, option exercises and other movements. Grants and option exercises follow pay plans set in advance, so they reveal less about an insider's own view than a purchase made with personal money.
For context, the typical company on the same exchange (median of 277 companies) published 8 filings over the same period, against 10 filings here. Over the whole record (from 2016), the tally stands at 6 purchases and 68 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 741.7 m USD and net income at -200.7 m USD.
There has been no open-market purchase by an insider of Cumulus Media Inc for at least a year.
In the same sector, recent insider purchases at Liberty Latin America Ltd. and PodcastOne, Inc. also feature in our signals. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
FY ended December 2025 · cache
25 of 228 declarations
Cumulus Media Inc. (ticker CMLS) is a U.S. audio media company whose shares have traded on the NASDAQ/OTC spectrum in recent periods, with CMLS historically listed on NASDAQ. The company is headquartered in Atlanta, Georgia, United States, at 780 Johnson Ferry Rd NE. For French-, Belgian- and Swiss-based investors, Cumulus is best understood as an audio-focused media group with a national footprint, but one that remains materially exposed to the cyclical nature of advertising demand and the structural transition from broadcast to digital audio. ([cumulusmedia.com](https://www.cumulusmedia.com/about-us/contact-us/?utm_source=openai))
Its business model is built around three complementary pillars. First, Cumulus operates a large portfolio of owned-and-operated radio stations, with recent company materials citing 393 stations across 84 markets. Second, it owns Westwood One, a major national audio network that distributes sports, news, talk, and entertainment programming to more than 7,800 affiliated stations. Third, it runs the Cumulus Podcast Network, which expands the company’s on-demand audio reach and improves its ability to monetize listeners across multiple formats. Cumulus also provides integrated digital marketing services, audio solutions, audience research, and live-event experiences for advertisers and content partners. ([cumulusmedia.com](https://www.cumulusmedia.com/about-us/company-overview/?utm_source=openai))
From a competitive standpoint, Cumulus sits in a hybrid position between local broadcast radio and national syndication. Its core advantage is scale in local markets combined with national distribution through Westwood One and a growing podcast layer. That mix allows the company to serve both local advertisers seeking geographic relevance and national brands seeking broad reach. Cumulus further emphasizes high-profile programming and partnerships tied to the NFL, NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, which strengthen audience appeal and advertising value. ([cumulusmedia.com](https://www.cumulusmedia.com/about-us/company-overview/?utm_source=openai))
Geographically, the company is overwhelmingly U.S.-centric, with stations spread across many states and national distribution delivered through syndicated audio and podcast channels. Cumulus says it reaches more than a quarter of a billion people each month, underscoring its scale within the U.S. audio ecosystem outside pure streaming music platforms. ([cumulusmedia.com](https://www.cumulusmedia.com/about-us/company-overview/?utm_source=openai))
Recent developments are especially important for investors. In April 2026, Cumulus said the court had approved its reorganization plan, a major milestone in its financial restructuring, while the company noted it is awaiting FCC approval. Earlier disclosures in 2026 referenced a prepackaged Chapter 11 process designed to eliminate substantial debt and improve financial flexibility. Operationally, management has also reported improved share trends in radio, faster growth in digital marketing services, and additional cost reductions. Overall, the name currently combines media operating leverage with a balance-sheet turnaround story. ([cumulusmedia.com](https://www.cumulusmedia.com/2026/04/10/cumulus-media-reports-operating-results-for-2025/?utm_source=openai))
Purchases our model currently ranks for the recommendations list.
All recommendationsInsider filings
Over the last 90 days, 10 filings published on 16 October 2026: no open-market purchase or sale filed by an insider. 10 other filings (not open-market purchases or sales: grants, options, plans, sale notices, block transfers).
Summary written automatically from public filings, without human review. General information, identical for every reader: it is not investment advice or a recommendation to buy or sell. Investing involves a risk of capital loss. Generated on 17 October 2026 (UTC)
Headquarters: Atlanta, United States · Founded: 1998 · Wikipedia article
Source: Wikidata (CC0).
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | 741.7 m USD | -200.7 m USD | -11.55 USD | 10-K |
| Dec 2024 | 827.1 m USD | -283.3 m USD | -16.79 USD | 10-K |
| Dec 2023 | 844.5 m USD | -117.9 m USD | -6.83 USD | 10-K |
| Dec 2022 | 953.5 m USD | 16.2 m USD | 0.81 USD | 10-K |
| Dec 2021 | 916.5 m USD | 17.3 m USD | 0.83 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.