Cumulus Media Management

Management criteria checks 3/4

Cumulus Media's CEO is Mary Berner, appointed in Oct 2015, has a tenure of 8.5 years. total yearly compensation is $4.52M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 1.62% of the company’s shares, worth €684.80K. The average tenure of the management team and the board of directors is 4.5 years and 5.8 years respectively.

Key information

Mary Berner

Chief executive officer

US$4.5m

Total compensation

CEO salary percentage	32.1%
CEO tenure	8.5yrs
CEO ownership	1.6%
Management average tenure	4.5yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mary Berner's remuneration changed compared to Cumulus Media's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$1m	-US$118m
Sep 30 2023	n/a	n/a	-US$20m
Jun 30 2023	n/a	n/a	-US$14m
Mar 31 2023	n/a	n/a	-US$4m
Dec 31 2022	US$5m	US$1m	US$16m
Sep 30 2022	n/a	n/a	US$34m
Jun 30 2022	n/a	n/a	US$53m
Mar 31 2022	n/a	n/a	US$38m
Dec 31 2021	US$7m	US$1m	US$17m
Sep 30 2021	n/a	n/a	-US$609k
Jun 30 2021	n/a	n/a	-US$44m
Mar 31 2021	n/a	n/a	-US$74m
Dec 31 2020	US$3m	US$1m	-US$60m
Sep 30 2020	n/a	n/a	-US$58m
Jun 30 2020	n/a	n/a	-US$26m
Mar 31 2020	n/a	n/a	US$53m
Dec 31 2019	US$4m	US$1m	US$61m
Sep 30 2019	n/a	n/a	US$103m
Jun 30 2019	n/a	n/a	US$100m
Mar 31 2019	n/a	n/a	US$763m
Dec 31 2018	US$7m	US$1m	US$758m
Sep 30 2018	n/a	n/a	US$508m
Jun 30 2018	n/a	n/a	US$496m
Mar 31 2018	n/a	n/a	-US$204m
Dec 31 2017	US$5m	US$1m	-US$207m

Compensation vs Market: Mary's total compensation ($USD4.52M) is above average for companies of similar size in the German market ($USD401.52K).

Compensation vs Earnings: Mary's compensation has been consistent with company performance over the past year.

CEO

Mary Berner (64 yo)

8.5yrs

Tenure

US$4,523,596

Compensation

Ms. Mary G. Berner has been Chief Executive Officer of Cumulus Media Inc. since October 13, 2015 and has been its President since March 30, 2016. Ms. Berner serves as an Executive of Jane Magazine, Inc. Sh...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mary Berner	President	8.5yrs	US$4.52m	1.62% $ 684.8k
Francisco Lopez-Balboa	Executive VP	4.1yrs	US$2.42m	0.65% $ 275.5k
Richard Denning	Executive VP	no data	US$1.12m	0.37% $ 156.5k
Dave Milner	President of Operations	no data	no data	0.42% $ 176.1k
Robert Walker	President of Operations	no data	no data	0.46% $ 193.9k
Conrad Trautmann	Chief Technology Officer	no data	no data	no data
Collin Jones	Executive VP of Corporate Strategy & Development and President of Westwood One	no data	no data	0.62% $ 263.1k
Christina Albee	Chief Marketing Officer	no data	no data	no data
Suzanne Grimes	Executive Vice President of Corporate Marketing	8.3yrs	US$996.46k	0.30% $ 128.5k
Brian Philips	Chief Content Officer	4.9yrs	no data	no data
Douglas Cohn	Senior Vice President of Music	2.6yrs	no data	no data
Bruce Gilbert	Senior Vice President of Sports	2.6yrs	no data	no data

4.5yrs

Average Tenure

62yo

Average Age

Experienced Management: 1NM's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mary Berner	President	8.9yrs	US$4.52m	1.62% $ 684.8k
Andrew Hobson	Independent Chairman of the Board	5.8yrs	US$345.49k	0.72% $ 302.1k
Deborah Farrington	Independent Director	1.7yrs	US$200.00k	0.16% $ 69.1k
Thomas Castro	Independent Director	5.8yrs	US$200.00k	0.39% $ 165.9k
Matthew Blank	Independent Director	5.8yrs	US$200.00k	0.39% $ 165.9k
Brian Kushner	Independent Director	5.8yrs	US$225.00k	0.39% $ 165.9k
Joan Gillman	Independent Director	5.8yrs	US$215.00k	0.39% $ 165.9k

5.8yrs

Average Tenure

64yo

Average Age

Experienced Board: 1NM's board of directors are considered experienced (5.8 years average tenure).

Cumulus Media Management

Management criteria checks 3/4

Key information

Recent management updates

Cumulus Media Inc., Annual General Meeting, May 02, 2024

Insufficient new directors

Insufficient new directors

Cumulus Media Appoints Deborah Farrington to Board of Directors

Cumulus Media Appoints Derek Falter as VP/Market Manager in Grand Rapids, Muskegon

Cumulus Media Inc. Appoints Lisa Waks as Senior Vice President, Digital Partnerships and Business Development

Recent updates

Cumulus Media Inc. to Report Q1, 2024 Results on May 03, 2024

Cumulus Media Inc., Annual General Meeting, May 02, 2024

New minor risk - Profitability

Full year 2023 earnings released: US$6.83 loss per share (vs US$0.83 profit in FY 2022)

Cumulus Media Inc. to Report Q4, 2023 Results on Feb 27, 2024

Cumulus Media Inc. Announces Cumulus Podcast Network to Provide Brand Safety & Suitability Measurement Through Barometer

New minor risk - Profitability

Third quarter 2023 earnings released: EPS: US$0.17 (vs US$0.45 in 3Q 2022)

Cumulus Media Inc. to Report Q3, 2023 Results on Oct 27, 2023

Second quarter 2023 earnings released: US$0.06 loss per share (vs US$0.43 profit in 2Q 2022)

Cumulus Media Inc. to Report Q2, 2023 Results on Jul 28, 2023

Cumulus Media Inc. to Report Q2, 2023 Results on Jul 28, 2023

Cumulus Media Inc.(NasdaqGM:CMLS) dropped from Russell Small Cap Comp Value Index

Cumulus Media Inc. Announces That It Will Launch the Fourth Installment of Its New Multi-Week Audio Series

First quarter 2023 earnings released: US$1.17 loss per share (vs US$0.044 loss in 1Q 2022)

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings released: EPS: US$0.83 (vs US$0.84 in FY 2021)

Cumulus Media Inc. to Bring New Music Front and Center with Exclusive Artist Commentary Through “Your Music First” Audio Series

Cumulus Media Inc. to Report Q4, 2022 Results on Feb 23, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.45 (vs US$1.34 in 3Q 2021)

Cumulus Media Inc. Launches 810 the Spread, the Bay Area’S First Sports Station Focused on Sports Betting

Cumulus Media Inc. to Report Q3, 2022 Results on Oct 28, 2022

Investor sentiment deteriorated over the past week

Insufficient new directors

Cumulus Media Appoints Deborah Farrington to Board of Directors

Cumulus Media Appoints Derek Falter as VP/Market Manager in Grand Rapids, Muskegon

Cumulus Media Inc. to Report Q2, 2022 Results on Aug 03, 2022

Cumulus Media Inc. Appoints Lisa Waks as Senior Vice President, Digital Partnerships and Business Development

An unknown buyer cancelled the acquisition of Cumulus Media Inc. (NasdaqGM:CMLS).

Insufficient new directors

Investor sentiment improved over the past week

Cumulus Media Inc. to Report Q1, 2022 Results on May 04, 2022

Cumulus Media Inc., Annual General Meeting, May 03, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Cumulus Media Inc. to Report Q4, 2021 Results on Feb 23, 2022

Cumulus Media Launches Talk FM 103.9

Third quarter 2021 earnings released: EPS US$1.34 (vs US$0.78 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.29 loss per share (vs US$1.79 loss in 2Q 2020)

CUMULUS MEDIA Launches First All-Digital AM Station in New York Metropolitan Area

First quarter 2021 earnings released: US$1.08 loss per share (vs US$0.36 loss in 1Q 2020)

New 90-day high: €8.85

Full year 2020 earnings released: US$3.00 loss per share (vs US$3.04 profit in FY 2019)

Revenue beats expectations

New 90-day high: €8.20

Cumulus Media Inc. to Report Q4, 2020 Results on Feb 23, 2021

New 90-day high: €7.60

Cumulus Media Inc. Announces the Launch of Project Shine

New 90-day high: €5.60

Third quarter 2020 earnings released: US$0.78 loss per share

Revenue misses expectations

Cumulus Media Inc. to Report Q3, 2020 Results on Nov 05, 2020

Cumulus Media, Inc. entered into a definitive agreement to acquire Connoisseur Communications Partners LP from Jeffrey Warshaw, ABRY Partners, Tinicum, Inc. and other shareholders for approximately $242 million.

Cumulus Media Inc.(NasdaqGM:CMLS) dropped from S&P Global BMI Index

First half earnings released

Cumulus Media Inc. (NasdaqGM:CMLS) acquired Four Radio Stations from Connoisseur Media Licenses, LLC.

Cumulus Media Inc.(NasdaqGM:CMLS) dropped from Russell Small Cap Completeness Index

Cumulus Media Inc.(NasdaqGM:CMLS) dropped from Russell 2000 Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age