Suite 2200 Dish Network resumed at neutral with $35 stock price target at J.P. Morgan Jul. Are you seeing very short lead times? Cumulus Media stock price target cut to 75 cents from $3 at RBC Capital Oct. 30, 2015 at 9:26 a.m. The point for us is to be ready, market by market, category by category as well as by ad channel. Most of it is -- a lot of it's placed at the last minute. Stock Market that the Company’s Class A common stock has been approved for relisting on the NASDAQ Global Market.

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[Operator Instructions] Your first question comes from the line of John Janedis with Wolfe Research. We did not do layoffs as it relates to COVID. We'll also experience variable cost declines that naturally occur with declining revenue.

There were some costs that came out of the NCAA tournament in the first year -- in the first quarter.

BUZZ-U.S. STOCKS ON THE MOVE-Boeing Co, Magenta Therapeutics. That said, our digital businesses grew year-over-year in both revenue and contribution to EBITDA for the quarter, including in March, which underscores the importance of having built these businesses up over the last several years.On the expense side, as I highlighted earlier, we acted expeditiously to reduce costs and with over $105 million of cash on the balance sheet at quarter-end, our liquidity position is strong. I'd say in the second quarter right now business on books is flat. 16, 2020 at 6:59 a.m. That's helpful.

To that end, I'll remind you that as we've discussed on earlier calls we have several opportunities to monetize non-core assets.In DC while land sale closing was delayed because of the government shutdown in Montgomery County, we expect to be able to close that once the courts open back up. But I also would note as it relates to Cumulus, our pricing and inventory initiatives, which we've talked about a lot on these calls, should allow us to manage the pricing and inventory utilization in 2020, much better than in past years.

At Cumulus our de facto management mantra is focus acutely, move decisively and execute efficiently.

We've cut our 2020 capex spend projection of $30 million by more than 40% or approximately $13 million and are focusing only on items that are mission critical.Although we are only in the second quarter, our expectation is that cash taxes this year will be minimal compared to last year's cash taxes of $18.6 million.

Sorry, this is the perils of virtual earnings call. Stock Market

And we've already identified multiple projects which are in various planning stages that will allow us among other benefits to work more efficiently.While we tighten up and reduce costs in many areas, we also expect to be leaning into areas where we see opportunities. And radio, obviously, checks all the boxes better than any other media just as, frankly, we did before any of us knew what coronavirus was.

As Mary noted, the quarter was on track to February with revenue growth of 1.1% and EBITDA growth of 15.1%.

And so that's how we're looking at it.

While the trajectory and duration of the pandemic remain uncertain, we feel comfortable with our financial ability to weather this crisis and to take advantage of advertiser demand as it returns.As for how we see things evolving over the long term, our crystal ball is no clear than anyone else's. We look at this, it's an ongoing and a very fluid situation.Got you. Y, 2016; Paying Customers.

Personal Finance Touch device users, explore by touch or with swipe gestures. And I think radio is well positioned because of our flexibility with regard to creative execution and the speed with which we can get spots on the air. Get Cumulus Media, Inc.'s stock price today. We have small ads offset by cancellations and sourcing some small improvement, modest, but it's in the right direction.

Is that something that you guys could get done this year or is that -- I mean could there be -- yeah, I guess, is it something that's more long-term in nature?Okay. Atlanta, GA 30305 About Us

However, the loss of the tournament had a negative impact to EBITDA versus last year.

See you at the top! And so we are all relentlessly thinking about how to mitigate the risk long term, but -- as well as positioning ourselves well to take care advantage of key opportunities that are going to emerge.

Mary, you mentioned in your prepared remarks a new normal sales strategy, trying to optimize revenue performance in this strange environment. Welcome everyone to our first quarter 2020 earnings conference call. I mean, just kind of give us a sense on how things are at this point looking?It really depends on the ad channel. We're in a good position to help and supports the advertising community.The other thing I would mention is that by necessity what we're hearing is advertisers are going back to basics, which is focusing on reaching as many potential customers as they can as cheaply they can and as effectively and efficiently as they can.

Cumulus Networks Employee Rating 4.4 131 votes. A Look Into Cumulus Media's Price Over Earnings In the current market session, Cumulus Media Inc. (NASDAQ: CMLS) is trading at $4.89, after a 13.99% increase.

And we've also identified other ways to improve our liquidity, including further cost reduction opportunities.

We also saw a significant decline in spot business across both local and national channels while digital grew in the quarter.Moving down the P&L, expenses declined by $17.2 million or 8% largely driven by reductions in variable costs related to the revenue declines, reduction of sports related expenses, lower compensation costs and lower trade expenses.