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

99.1 The Mix Ups Brett Andrews to Brand Manager

Brett Andrews

Audacy Wisconsin has elevated Brett Andrews to Brand Manager of WMYX-FM (99.1 The Mix) in Milwaukee. He takes on this new leadership role while continuing to serve as the Brand Manager for WMHX-FM (Mix 105.1) in Madison and Assistant Brand Manager for WXSS-FM (103.7 KISS FM) in Milwaukee. Andrews can More

''Body By Jake'' Launches 24/7 iHeart Radio Channel

Body By Jake Radio

Fitness personality Jake Steinfeld, known as "Body By Jake," has partnered with iHeartMedia and Universal Music Enterprises (UMe) to launch a new 24-hour digital radio channel, Body By Jake Radio, debuting May 11. The free channel, available on the iHeartRadio app, blends music with motivational content More

98 Rock's Amelia to Retire After Over 20 Years

Amelia Ryerse

After more than two decades on the air in Baltimore, WIYY-FM (98 Rock) personality Amelia Ryerse has announced she will retire at the end of 2026. Known simply as "Amelia" to listeners, Ryerse has been a mainstay at the station since returning full-time in 2003. Over the years, she has worked across More

Cumulus Realigns Atlanta Signals, Sells 97.9

Cumulus Media

Cumulus Media has announced the pending sale of its 97.9 FM translator in Atlanta, alongside a series of frequency and HD channel changes aimed at improving signal efficiency and supporting long-term brand growth. As part of the realignment, W250BC (OG 97.9) Atlanta's Classic Hip Hop, will move from 97.9 More

Michael Johnson Jr. Named PD for iHeart Hartford

Michael Johnson Jr.

iHeartMedia Hartford and New Haven has appointed Michael Johnson Jr. as Program Director for its Sports and Talk outlets, effective immediately. In his new role, Johnson will oversee WUCS (Fox Sports 97.9), home of the UConn Sports Radio Network, along with WPOP-AM (NewsRadio 1410) in Hartford and 960 More

Podtrac April Rankings Show Modest Podcast Gains

Podtrac

Podtrac has released its Top U.S. and Global Podcast Publishers & Networks rankings along with its Top U.S. Podcast chart for April 2026, showing modest month-over-month gains across several participants and the addition of a new publisher to the list. Among U.S. publishers and networks, six participants 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 ^®