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Cumulus Quarterly Earnings

Discussion pertaining to Detroit, Ann Arbor, Port Huron, and SW Ontario
RadioRat
Posts: 38
Joined: Sat Sep 12, 2015 10:15 pm

Cumulus Quarterly Earnings

Post by RadioRat » Wed May 13, 2020 4:22 pm

Hard to imagine they won't lose $25 million in Q2. They lost $7 million in Q1 with a presidential primary and the Super Bowl. The country wasn't really affected by COVID-19 for January or February. Things will not be as favorable April to June. Towns around me are canceling all of their summer events because business sponsors have no money to help out. They don't have discretionary ad money either. They are going to have to make a number of their furloughs permanent.



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