Cumulus Media has fallen below NASDAQÕs $10 million stockholdersÕ equity requirement, reporting only $6.95 million as of December 31, 2024. Facing a net loss of $283.3 million Ð more than double 2023Õs loss Ð the company attributed financial struggles to “the pandemic, unfavorable secular trends, and a significant downdraft in national advertising,” according to CEO Mary Berner. Despite setbacks, digital sales grew 5.3% to $154.2 million, with Digital Marketing Services rising 27%. CFO Frank Lopez-Balboa noted total revenue declined 2.1% to $827.1 million, prompting aggressive cost-cutting measures that saved $35 million in Q4 2024. Cumulus has until April 21 to submit a compliance plan to NASDAQ, potentially gaining 180 days to meet requirements. If rejected, the company may appeal or transfer its listing to the NASDAQ Capital Market. Berner remains optimistic, emphasizing digital investments and cost management as key to stabilizing the companyÕs future.