Cumulus Media Inc (NAS:CMLS)
$ 0.752 -0.038 (-4.81%) Market Cap: 12.77 Mil Enterprise Value: 758.57 Mil PE Ratio: 0 PB Ratio: 0.05 GF Score: 42/100

Cumulus Media Inc at Deutsche Bank Leveraged Finance Conference (Virtual) Transcript

Oct 06, 2021 / 12:00PM GMT
Release Date Price: $12.98 (+0.46%)
Aaron Lee Watts
Deutsche Bank AG, Research Division - Research Analyst

Good morning. Welcome back to the Deutsche Bank Leveraged Finance Conference. I'm Aaron Watts. I cover the media, tech and business services sectors here at DB on the credit side. Pleased to have Cumulus kick us off today.

From the company, we have CEO, Mary Berner; and CFO, Frank Lopez-Balboa. I wish we were all doing this in person, but I appreciate you both taking the time to participate virtually. Mary is going to begin with a new presentation, and then we'll jump into some Q&A with the time remaining. Mary?

Mary G. Berner
Cumulus Media Inc. - President, CEO & Director

Great. Thanks. Hi, everyone, and thanks for having us, Aaron. We are pleased to have this opportunity to present our new investor presentation. I do first want to note the safe harbor statement, which is also posted in the PDF of this presentation on our website. So our hope is that from this presentation, you take away and understanding of our strategic shift from a one-dimensional radio-first model to

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