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

BIA Raises 2026 Local Ad Forecast to $186.1 Billion

BIA Advisory Services

BIA Advisory Services has raised its 2026 U.S. Local Advertising Forecast to $186.1 billion, an increase of $1.6 billion from its April projection of $184.5 billion, with higher political advertising and continued mobile growth driving the revision. BIA's April forecast had projected $184.5 billion in total More

Scott Masteller to Retire from 97.5 The Fanatic

Scott Masteller

Beasley Media Group has announced that Scott Masteller, Program Director of WPEN-FM (97.5 The Fanatic) in Philadelphia, will retire December 31, concluding a radio career spanning more than 45 years. Masteller joined The Fanatic more than three years ago and has played a key role in the sports station's More

Beasley Deploys Futuri AI Platform Companywide

Beasley Media and Futuri

Beasley Media Group has deployed Futuri's TopLine Enterprise AI revenue intelligence platform across all of its markets under a multiyear agreement aimed at enhancing the company's sales process and providing local advertisers with more data-driven marketing strategies. The companywide rollout gives More

Mollie Watson Joins Warm 98 for Afternoon Drive

Mollie Watson

Cumulus Media has named Cincinnati radio veteran Mollie Watson as afternoon host and Account Executive at AC WRRM-FM (Warm 98) in Cincinnati. Watson moves to Warm 98 after 16 years with WKRQ-FM (Q102), where she most recently hosted middays. She can now be heard on WRRM weekdays from 3-7pm. A Cincinnati More

Miranda Khan Joins KCMO for Afternoon Talk Show

Miranda Khan

KCMO (Talk Radio 95.7 FM) in Kansas City has named veteran broadcaster and Kansas City native Miranda Khan as host of a new weekday afternoon program, "Miranda's Right." The show launches Monday, September 14, and will air weekdays from 4-7pm, expanding KCMO's lineup of live and local programming. The More

Senate Sets Sept. 17 Hearing for FCC Nominee

Danielle Thumann Severs

The Senate Commerce Committee will hold a nomination hearing September 17 for Danielle Thumann Severs, President Donald Trump's nominee to fill a vacant seat on the Federal Communications Commission. The hearing is scheduled for 10:30am ET in the Russell Senate Office Building. Trump formally submitted 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 ^®