Cumulus: 3Q Earnings Snapshot
ATLANTA (AP) _ Cumulus Media Inc. (CMLS) on Monday reported third-quarter profit of $16.3 million.
On a per-share basis, the Atlanta-based company said it had net income of 81 cents.
The radio station owner posted revenue of $280.8 million in the period.
Cumulus shares have risen 26% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.65, a fall of almost 6% in the last 12 months.