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

Walnut Media Revives WOW on Omaha's AM 590

Walnut Media

Walnut Media has acquired Sports KXSP-AM (590)/Omaha and will relaunch the station as AM 590 WOW, restoring the legendary WOW call letters to the market while expanding the locally owned company's radio portfolio. The rebrand takes effect July 6, when the 5kW outlet will debut a full-service sports format More

Heather Lomagistro Named Florida Broadcasters CEO

Florida Association of Broadcasters (FAB)

The Florida Association of Broadcasters (FAB) has named Heather Lomagistro President and Chief Executive Officer, effective July 1. She succeeds longtime leader Pat Roberts, who transitions to the role of President Emeritus after nearly four decades at the helm of the organization. More

Justin Credible Joins KZCE Phoenix Mornings

Justin Credible

Sierra H Multimedia has named radio personality and entertainment influencer Justin Credible as the new morning host on Classic Hip Hop KZCE (101.1 The Bounce)/Phoenix. Justin Credible's Liftoff Show now airs weekdays from 6-10am. Born and raised in Los Angeles, Credible launched his radio career in Las More

On-Demand Audio Now Accounts for Majority of Listening

Edison Research at SSRS

On-demand audio platforms now account for the majority of Americans' audio listening time, according to the latest Share of Ear data from Edison Research. The study finds that 56% of all time spent with audio in 2026 is now devoted to on-demand sources, including streaming music services and podcasts, More

Colorado Public Radio Adds Four to Board

Colorado Public Radio

Colorado Public Radio (CPR) has elected four new members to its Board of Directors and approved its Fiscal Year 2027 work plan and budget during its June 17 board meeting, ahead of the new fiscal year that began July 1. Joining the board are Chris Castilian, Jessica Cavens, Noelle Hagan and Chris Jensen, More

Cox Media Group Names Bortnick VP of Local Revenue

Danny Bortnick

Cox Media Group (CMG) has appointed Danny Bortnick as Vice President, Local Revenue and Client Growth for its radio division, a newly created leadership role focused on strengthening client partnerships and driving local revenue growth. He joins the company on July 13. Bortnick will partner with CMG 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 ^®