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Cloud Recover: Cumulus has reported Q3 net revenue of $282.3 million, down 1.7% year over year. Net income was up 0.5% to $12.7 million on Adjusted EBITDA of $62.1 million. Overall, company net revenue is down 1.3% for the year to this point. "In our first full quarter of operations since emerging from Chapter 11, our positive momentum continued and we remain focused on the path ahead," says CEO Mary Berner. "We delivered another quarter of Adjusted EBITDA growth ... In early October, we completed a $50 million prepayment of our term loan using cash generated from operations, demonstrating both our ability to produce significant free cash flow and our commitment to pay down debt."



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Inside This Issue

Study Haul: Personalities

AI Less Feared, More Embraced

Story Swap: Lainey & Trisha



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The CMA 2023
Voter's Guide

A quick reference guide to the 2023 CMA Nominees