CMLSQOTCRadio Broadcasting StationsFiscal year ends December 31
CUMULUS MEDIA INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$0.01+0.00 (+7.92%)
Close on Oct 16, 2026
- Market cap
- $197.53K
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Sep 30, 2025, from 13F filings
Held by institutions
0.0%
0M of 18M shares
Institutional holders
0
0 new, 6 sold out
Net institutional buying
-1M
In Q3 2025
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Barclays PLC | 897,445 | 5.23% | 13G (passive) | Sep 30, 2025 |
| Zazove Associates LLC | 1,361,896 | 7.90% | 13G (passive) amendment | Jun 30, 2026 |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q3 2025 | 0 | 0M | 0.0% | 0 / 0 | 0 / 6 | 0M | 1M |
| Q2 2025 | 6 | 1M | 3.6% | 1 / 0 | 2 / 29 | 0M | 5M |
| Q1 2025 | 34 | 5M | 30.9% | 4 / 4 | 14 / 3 | 0M | 0M |
| Q4 2024 | 33 | 6M | 31.4% | 1 / 8 | 10 / 10 | 0M | 0M |
| Q3 2024 | 42 | 6M | 33.5% | 5 / 10 | 13 / 9 | 0M | 0M |
| Q2 2024 | 47 | 6M | 35.1% | 3 / 11 | 20 / 9 | 0M | 0M |
| Q1 2024 | 53 | 7M | 37.1% | 8 / 16 | 14 / 9 | 0M | 1M |
| Q4 2023 | 54 | 7M | 38.3% | 6 / 20 | 13 / 8 | 1M | 0M |
| Q3 2023 | 56 | 7M | 37.3% | 6 / 12 | 22 / 9 | 0M | 1M |
| Q2 2023 | 59 | 7M | 39.6% | 9 / 15 | 29 / 22 | 1M | 4M |
| Q1 2023 | 73 | 10M | 59.2% | 8 / 31 | 17 / 17 | 1M | 2M |
| Q4 2022 | 82 | 12M | 65.6% | 15 / 27 | 21 / 8 | 3M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CMLSQ | Value | % of fund | As of |
|---|---|---|---|---|---|
| EA Bridgeway Omni Small-Cap Value ETF | 17,280 | 0.10% | $370 | 0.00% | Jun 30, 2026 |
| Gabelli Global Mini Mites Fund | 9,000 | 0.05% | $193 | 0.00% | Jun 30, 2026 |
| Diversified Equity Alpha Master Portfolio | 4,396 | 0.02% | $94 | 0.00% | Jun 30, 2026 |
| Calamos High Income Opportunities Fund | 1,273 | 0.01% | $9 | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Mary G. Berner | President & CEO, Director | 1,045,453 | 5.92% | Feb 25, 2025 |
| David Edward Milner | President - Operations | 198,952 | 1.13% | Feb 25, 2025 |
| Richard Denning | See Remarks | 184,315 | 1.04% | Feb 25, 2025 |
| Francisco J. Lopez-Balboa | See Remarks | 492,956 | 2.79% | Feb 25, 2025 |
| Collin R. Jones | See Remarks | 166,033 | 0.94% | Feb 25, 2025 |
| Robert J. Walker | President - Operations | 196,673 | 1.11% | Feb 25, 2025 |
| Steven M. Galbraith | Director | 575,200 | 3.26% | Feb 7, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David Edward Milner President - Operations | Feb 21, 2025 | Award | +4,315 | – | – | 198,952 |
| David Edward Milner President - Operations | Feb 21, 2025 | Tax withholding | −4,203 | – | – | 194,749 |
| Mary G. Berner President & CEO, Director | Feb 21, 2025 | Tax withholding | −38,507 | – | – | 1,045,453 |
| Mary G. Berner President & CEO, Director | Feb 21, 2025 | Award | +31,123 | – | – | 1,083,960 |
| Robert J. Walker President - Operations | Feb 21, 2025 | Tax withholding | −4,193 | – | – | 196,673 |
| Robert J. Walker President - Operations | Feb 21, 2025 | Award | +4,325 | – | – | 200,866 |
| Francisco J. Lopez-Balboa See Remarks | Feb 21, 2025 | Tax withholding | −14,178 | – | – | 492,956 |
| Francisco J. Lopez-Balboa See Remarks | Feb 21, 2025 | Award | +18,005 | – | – | 507,134 |
| Richard Denning See Remarks | Feb 21, 2025 | Award | +4,971 | – | – | 184,315 |
| Richard Denning See Remarks | Feb 21, 2025 | Tax withholding | −2,592 | – | – | 181,723 |
| Collin R. Jones See Remarks | Feb 21, 2025 | Award | +4,026 | – | – | 166,033 |
| Collin R. Jones See Remarks | Feb 21, 2025 | Tax withholding | −3,933 | – | – | 162,100 |
| Matthew Blank Director | May 6, 2024 | Award | +29,069 | – | – | 101,446 |
| Joan H. Gillman Director | May 6, 2024 | Award | +29,069 | – | – | 101,446 |
| Brian Kushner Director | May 6, 2024 | Award | +29,069 | – | – | 101,446 |
| Andrew W. Hobson Director | May 6, 2024 | Award | +52,468 | – | – | 184,155 |
| Deborah A. Farrington Director | May 6, 2024 | Award | +29,069 | – | – | 62,786 |
| Thomas H. Castro Director | May 6, 2024 | Award | +29,069 | – | – | 101,446 |
| Richard Denning See Remarks | Feb 26, 2024 | Award | +8,157 | – | – | 181,990 |
| Richard Denning See Remarks | Feb 26, 2024 | Tax withholding | −2,646 | – | – | 179,344 |
| Francisco J. Lopez-Balboa See Remarks | Feb 26, 2024 | Award | +30,843 | – | – | 502,748 |
| Francisco J. Lopez-Balboa See Remarks | Feb 26, 2024 | Tax withholding | −13,619 | – | – | 489,129 |
| David Edward Milner President - Operations | Feb 26, 2024 | Tax withholding | −3,857 | – | – | 194,637 |
| David Edward Milner President - Operations | Feb 26, 2024 | Award | +8,933 | – | – | 198,494 |
| Collin R. Jones See Remarks | Feb 26, 2024 | Award | +8,153 | – | – | 165,707 |
| Collin R. Jones See Remarks | Feb 26, 2024 | Tax withholding | −3,700 | – | – | 162,007 |
| Mary G. Berner President & CEO, Director | Feb 26, 2024 | Award | +59,542 | – | – | 1,085,441 |
| Mary G. Berner President & CEO, Director | Feb 26, 2024 | Tax withholding | −32,604 | – | – | 1,052,837 |
| Robert J. Walker President - Operations | Feb 26, 2024 | Award | +8,933 | – | – | 200,013 |
| Robert J. Walker President - Operations | Feb 26, 2024 | Tax withholding | −3,472 | – | – | 196,541 |
| David Edward Milner President - Operations | Feb 17, 2024 | Award | +59,463 | – | – | 189,561 |
| Robert J. Walker President - Operations | Feb 17, 2024 | Award | +59,463 | – | – | 191,080 |
| Collin R. Jones See Remarks | Feb 17, 2024 | Award | +56,985 | – | – | 157,554 |
| Richard Denning See Remarks | Feb 17, 2024 | Award | +52,030 | – | – | 173,833 |
| Francisco J. Lopez-Balboa See Remarks | Feb 17, 2024 | Award | +158,568 | – | – | 471,905 |
| Mary G. Berner President & CEO, Director | Feb 17, 2024 | Award | +297,315 | – | – | 1,025,899 |
| Group Private Ltd Renew 10% owner | Feb 8, 2024 | Option exercise | +5,900 | $5.00 | $29.50K | 1,627,326 |
| Deborah A. Farrington Director | Apr 26, 2023 | Award | +24,577 | – | – | 33,717 |
| Joan H. Gillman Director | Apr 26, 2023 | Award | +24,577 | – | – | 72,377 |
| Andrew W. Hobson Director | Apr 26, 2023 | Award | +44,359 | – | – | 131,687 |
| Matthew Blank Director | Apr 26, 2023 | Award | +24,577 | – | – | 72,377 |
| Brian Kushner Director | Apr 26, 2023 | Award | +24,577 | – | – | 72,377 |
| Thomas H. Castro Director | Apr 26, 2023 | Award | +24,577 | – | – | 72,377 |
| Francisco J. Lopez-Balboa See Remarks | Mar 3, 2023 | Award | +118,701 | – | – | 313,337 |
| Mary G. Berner President & CEO, Director | Mar 3, 2023 | Award | +222,851 | – | – | 728,584 |
| Richard Denning See Remarks | Mar 3, 2023 | Award | +37,525 | – | – | 121,803 |
| Robert J. Walker President - Operations | Mar 3, 2023 | Award | +42,885 | – | – | 131,617 |
| David Edward Milner President - Operations | Mar 3, 2023 | Award | +42,885 | – | – | 130,098 |
| Robert J. Walker President - Operations | Feb 22, 2023 | Tax withholding | −4,028 | – | – | 88,732 |
| Robert J. Walker President - Operations | Feb 22, 2023 | Award | +9,340 | – | – | 92,760 |
| David Edward Milner President - Operations | Feb 22, 2023 | Tax withholding | −3,189 | – | – | 87,213 |
| David Edward Milner President - Operations | Feb 22, 2023 | Award | +9,340 | – | – | 90,402 |
| Mary G. Berner President & CEO, Director | Feb 22, 2023 | Award | +51,534 | – | – | 534,233 |
| Mary G. Berner President & CEO, Director | Feb 22, 2023 | Tax withholding | −28,500 | – | – | 505,733 |
| Francisco J. Lopez-Balboa See Remarks | Feb 22, 2023 | Tax withholding | −14,936 | – | – | 194,636 |
| Francisco J. Lopez-Balboa See Remarks | Feb 22, 2023 | Award | +29,255 | – | – | 209,572 |
| Suzanne M. Grimes See Remarks | Feb 22, 2023 | Award | +7,181 | – | – | 78,173 |
| Suzanne M. Grimes See Remarks | Feb 22, 2023 | Tax withholding | −3,974 | – | – | 74,199 |
| Richard Denning See Remarks | Feb 22, 2023 | Tax withholding | −2,599 | – | – | 84,278 |
| Richard Denning See Remarks | Feb 22, 2023 | Award | +8,625 | – | – | 86,877 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.