Reve-News: Cumulus, which filed for Chapter 11 reorganization last month (CAT 3/5), reported 2025 revenue of $741.7 million, down 10.3% from 2024. Total broadcast revenue was off 15.9% to $474.5m, while digital was off 1.9% to $151.2m, or 20.3% of revenue. A net loss of $200.7m was recorded, compared to a net loss of $283.3m in 2023. EBITDA was $52m, down from $82.7m the prior year. Q4 net revenue was $188.1, down 14% year-over-year. "The company’s recently announced financial restructuring marks an important step toward meaningfully reducing the debt burden that has constrained the business. Looking ahead, we remain focused on building on the core strengths of the Company to maximize value," says Pres./CEO Mary Berner. See full release here.