Cumulus Media - M&A Summary and Business Overview

MediaCompany

Cumulus Media M&A Summary

Cumulus Media has acquired 10 companies. A total of 7 acquisitions came from private equity firms. It has also divested 2 assets.

Cumulus Media’s largest acquisition to date was in 2011, when it acquired Cumulus Media Partners for $740M. Cumulus Media has acquired in 5 different US states. The Company’s most targeted sectors include media (84%) and communications (17%).

Cumulus Media Business Overview

Where is Cumulus Media headquartered?

Cumulus Media is headquartered in Atlanta, Georgia.

What is Cumulus Media’s revenue?

Cumulus Media disclosed revenue of 845M USD for 2023 and 954M USD for 2022.

How many employees does Cumulus Media have?

Cumulus Media has 2,464 employees.

What sector is Cumulus Media in?

Cumulus Media is a media company.

When was Cumulus Media founded?

Cumulus Media was founded in 2002.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 2

Cumulus Media

Cumulus Media, Inc.

780 Johnson Ferry Road NE, Suite 500,
Atlanta, Georgia 30342
United States,
(404) 949-0700
www.cumulusmedia.com

Cumulus Media is an owner and operator of AM and FM radio stations in the United States. Cumulus Media was incorporated in 2002 and is headquartered in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $1.0B $1.0B
Sell (0.0/yr) # 2 - - - - - 2
  8

Most Recent M&A

Company Date Value Type
KLOS-FM 2019-04-15 - Divestiture
Culver City, California · www.955klos.com
Cumulus Media, Inc. - NASH FM 94.7 2019-02-13 - Divestiture
New York, New York · www.nashfm947.com
WKQX-FM 2018-04-03 - Add-on Acquisition
, United States · www.101wkqx.com
Merlin Media LLC 2014-01-03 - Add-on Acquisition
Fort Wright, Kentucky · www.merlinmediallc.com
DialGlobal, Inc. 2013-08-30 260M USD Add-on Acquisition
New York, New York · www.dialglobal.com
Citadel Broadcasting Corp. 2011-09-16 - Add-on Acquisition
Las Vegas, Nevada · www.citadelbroadcasting.com
Cumulus Media Partners LLC 2011-08-01 740M USD Add-on Acquisition
Atlanta, Georgia · www.cumulus.com
Aurora Communications, Inc. 2002-03-28 - Add-on Acquisition
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 5 (83%) 260M (26%) 2 (100%) -
Communications 1 (17%) 740M (74%) - -
Total 6 $1.0B 2 -

By Geo

State/Country Buy Value Sell Value
United States 6 1.0B 2 -
  New York 1 260M 1 -
  Nevada 1 - - -
  Kentucky 1 - - -
  Georgia 1 740M - -
  California - - 1 -
Total 6 $1.0B 2 -

Top M&A Advisors

Financial Deals
Macquarie Capital
 1
Legal Deals
Jones Day
 2

Deal Values

buy # Total
$100M to $1B 2 $1.0B
TOTAL $1.0B
Largest Cumulus Media Partners LLC
$740M (2011-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
50%
3 (50%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Media

Revenue

845   12% 2023
954   5% 2022
916   13% 2021
816   27% 2020
1,113   3% 2019
1,140   1% 2018
1,136   1% 2017
1,141   3% 2016
1,169   8% 2015
1,263   24% 2014
1,026   3% 2013
1,002   2012
(millions of USD) Show More Show Less

Employees

2,464

Established

2002

Public

NASDAQ: CMLS

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