Reve-News: Cumulus has reported Q2 2022 net revenue of $236.7 million, up 5.4% year-over-year. Adjusted EBITDA was $45.5m, up 23.4%. Broadcast radio revenue was up 5.1% for spot and down 12.0% for network, while digital was up 20.3%. Additionally, net leverage was reduced from 4.7x at year's end to 3.8x for its lowest level in more than a decade. "Our ability to deliver yet another quarter of strong results is testament both to the quality of our strategic plan and the discipline and relentlessness with which we implement it," says CEO Mary Berner. See full release here.