Tariff Troubles, Core Weakness Keeps Cumulus Worries High

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It was an earnings call that featured just one analyst for a question-and-answer session that included a question on asset sales and potential radio industry deregulation from the FCC. Cumulus Media CEO Mary Berner and five-year CFO Frank López-Balboa shared details regarding the audio content creation and distribution company’s Q1 2025 results.


The big takeaway? While digital dollars are on the rise, macroeconomic issues continue to cloud the company’s P&L sheet while the end of a partnership with The Daily Wire — producer of The Ben Shapiro Show and founded by the conservative talk host a decade ago — also impacted the bottom line.

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