Cumulus Q2 up 21% on Westwood One buy

By on Aug, 6 2014 with Comments 0

CumulusCumulus’ Q2 net revenues increased $57.9 million, or 21.4%, to $328.2 million, compared to $270.3 million for Q2 2013. The increase resulted from increases of $44.1 million, $7.0 million, $2.7 million and $4.1 million in broadcast advertising, digital advertising, political advertising and license fees and other revenue, respectively. These increases were primarily attributable to the addition of the operations of Westwood One, which was acquired by the company in December 2013. 

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About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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