Reve-News: Cumulus reported Q1 2026 net revenue of $164.4 million, down 12.2% year-over-year. Adjusted EBITDA was $2.7m, off from the prior year's $3.5m. The company reported a net loss of $16.9m, compared to a net loss of $32.4m in Q1 2025. Broadcast radio revenue was down 16.3% for spot and 24.9% for network, while digital was down 8.3%. "The Court’s recent approval of our reorganization plan marks a pivotal milestone in strengthening our financial foundation and positioning the company to compete in the evolving media landscape," says CEO Mary Berner. Full release here.