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Cumulus Q2 Revenues Slip
August 8, 2006 at 6:09 AM (PT)
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CUMULUS second quarter 2006 net revenues slipped 0.1% to $87.342 million (pro forma up 1.6%), with EBITDA off 4.2% to $27.664 million, free cash flow off 13% to $18.134 million, and income up from a loss of $4.974 million to a gain of $4.696 million (-7 to +8 cents/share).
The revenue drop was explained by the transfer of the company's HOUSTON and KANSAS CITY stations to its new CUMULUS MEDIA PARTNERS affiliate (the result of the SUSQUEHANNA purchase).

