With Friday’s trading on the Nasdaq market concluded, Cumulus Media shares were off 7.6% from Thursday, dipping to $3.88.
While that’s slightly better than where shares were 2 1/2 weeks ago for the audio content creation and distribution company, analysts paint a bearish mid-term and long-term picture for Cumulus. That doesn’t help the company as its shares finished April at their lowest level since emerging from Chapter 11 bankruptcy reorganization.
