CMLS Enters Nasdaq Appeal Hearing Over Stock Price

Cumulus Media has received notice from Nasdaq that the bid price of the company's Class A common stock has closed below $1.00 per share for the last 180 business days, and has not regainnd compliance to remain listed. Now the only thing standing betweeen the company and a Nasdaq deslisting is a successful appeal. Cumulus has scheduled an appeal hearing where a Nasdaq panel will consider an additional matter relating to the minimum bid price requirement.

The company's Class A common stock will continue to trade on the Nasdaq Capital Market while the appeal hearing is pending. If the appeal is unsuccessful, or it is not able to regain compliance with the minimum rule within any extension of time granted by the Nasdaq hearings panel, then Cumulus expects that trading in its Class A common stock would be suspended from Nasdaq. If the stock is removed from Nasdaq, the company expects that its stock would be eligible to be traded on the OTC Markets.

Shares of Cumulus' stock closed at $0.33 on Friday.

Latest Radio Stories

Joel Oxley to Retire From Hubbard DC as MP/GM

Joel Oxley

Joel Oxley, Market President and General Manager of Hubbard Broadcasting's Washington, DC operations, has announced plans to retire later this year after nearly 35 years with the company and almost 28 years as General Manager. Oxley has overseen Hubbard's Washington operations, including WTOP News, More

Urban One Reports Q1 Revenue Decline, Lower Net Loss

Urban One

Urban One reported first-quarter 2026 net revenue of $77.7 million, down from $92.2 million a year earlier. The company posted a net loss attributable to common stockholders of $3.1 million, compared to a loss of $11.7 million in the first quarter of 2025. Operating loss for the More

Red Apple Launches 24-Hour News Network

Worldwide News Networks

Red Apple Audio Networks will launch a new 24-hour national radio news service, Worldwide News Network, on May 23. The network will begin operations at midnight on Saturday, May 23, providing affiliates with top- and bottom-of-the-hour newscasts around the clock, seven days a week. As part of the launch, More

AM/FM Dominates Hyundai Drivers' Audio Habits

Cumulus Media | Westwood One

A new blog post from Cumulus Media | Westwood One's Audio Active Group says AM/FM radio continues to dominate audio listening among Hyundai drivers, both in the car and across all listening environments. Citing newly released Q1 2026 data from Edison Research's "Share of Ear" study, the report notes that More

Flightpath Launches Revenue Optimization Tool

Flightpath

Flightpath has announced the upcoming launch of Revenue Optimizer, a managed traffic service designed to help podcast and digital audio publishers improve campaign delivery, maximize revenue, and streamline ad operations across inventory platforms. The company plans to officially unveil the platform More

FCC Cites WRLR-LP for Unauthorized Operations

Federal Communications Commission

The FCC has issued a Notice of Violation to Rondaradio, Inc., licensee of low-power FM station WRLR-LP in Round Lake Beach, IL, a far-suburban Illinois community north of Chicago. The NOV cites the station for operating with unauthorized technical facilities and for an improperly located studio transmitter More

Return to Menu

CMLS Enters Nasdaq Appeal Hearing Over Stock Price

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ^®

CMLS Enters Nasdaq Appeal Hearing Over Stock Price

Latest Radio Stories

Follow us on:

Copyright © 1989-2026 RADIO ONLINE ®

Copyright © 1989-2026 RADIO ONLINE ^®