Cumulus: Q4 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Cumulus Media Inc. (CMLS) on Tuesday reported a loss of $98.1 million in its fourth quarter.

On a per-share basis, the Atlanta-based company said it had a loss of $5.94. Losses, adjusted for asset impairment costs and restructuring costs, were $2.60 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.

The radio station owner posted revenue of $221.3 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $220.1 million.

For the year, the company reported a loss of $117.9 million, or $6.83 per share. Revenue was reported as $844.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMLS at https://www.zacks.com/ap/CMLS