Cumulus Media, Inc. (NASDAQ:CMLS)
CAPS Rating:
The Company owns and operates FM and AM radio station clusters serving mid-sized markets throughout the United States.
The Company owns and operates FM and AM radio station clusters serving mid-sized markets throughout the United States.
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Recs
While the company seems to be paying down it's long term debt, it appears with the latest aquisition, it may have bitten off more than it can chew. There are also outstanding litigations against this company, that dependent upon the outcome could cost the company more in aquisition costs for the pending merger. Still, these things are up in the air, and with this companies ties with Clear Channel, and stretching of long term debt using notes, I think the company should do well for at least a year, while this all pans out.