Cumulus Media Inc. expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).

Cumulus Media Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $143.9 million or $3.56 per basic and diluted share, net revenues of $65.1 million, operating loss of $160.05 million, loss before income taxes and equity in net losses of affiliate of $171.2 million, and adjusted EBITDA of $20.14 million compared to net income of $6 million or $0.14 per basic and diluted share, net revenues of $79.9 million, operating income of $21.03 million, income before income taxes and equity in net losses of affiliate of $13.06 million, and adjusted EBITDA of $25.1 million a year ago. Capital expenditures totaled $0.7 million. Maintenance capital expenditures were $196,000 against $107,000 a year ago. Free cash flow was $8.5 million against $16.7 million a year ago. Net revenues decreased primarily due to the impact the current economic recession has had across entire station platform and industry at large. For the nine months, the company reported net loss of $133.2 million or $3.29 per basic and diluted share, net revenues of $186.4 million, operating loss of $130.04 million, loss before income taxes and equity in net losses of affiliate of $155.1 million, and adjusted EBITDA of $51.06 million compared to net income of $32.04 million or $0.74 per basic and diluted share, net revenues of $236.4 million, operating income of $55.06 million, income before income taxes and equity in net losses of affiliate of $42.14 million, and adjusted EBITDA of $70.8 million a year ago. Capital expenditures totaled $1.9 million. Maintenance capital expenditures were $341,000 against $600,000 a year ago. Free cash flow was $23.3 million against $44.0 million a year ago. Net revenues decreased due to the impact the current economic recession has had across entire station platform. For the quarter, the company reported impairment of goodwill and intangible assets of $173.08 million.

Cumulus Media Inc. announced for the fourth quarter of 2009, the company believes to exceed the year-over-year revenue and EBITDA performance posted in the third quarter of 2009, in spite of a tough political comp, which the company is comping against $3.6 million, at CMI that the company wrote in 2008 in the fourth quarter. The company anticipates its total capital expenditures for 2009 to finish just under $3 million.