Cumulus Radio Notified of De-Listing From Nasdaq, Stock Off 94% From 52-Week High

Cumulus Radio Notified of De-Listing From Nasdaq, Stock Off 94% From 52-Week High

Radio broadcaster Cumulus Media was notified by the Nasdaq Composite on Wednesday that its shares will be de-listed from the exchange on May 2, according to a Cumulus regulatory filing.  The stock is now down 94% from its 52-week high.

 

Cumulus owns and operates in the Providence market:

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WPRO (AM 630): A news/talk radio station. 

WPRO FM (99.7): A sister station to WPRO AM, simulcasting the news/talk format. 

WPRV (AM 790): A sports radio station, often referred to as "The Score". 

WWKX (FM 106.3): A classic rock station, branded as "The Wolf". 

WWLI (105.1) Lite 105

 

In response to the delisting, Cumulus announced that it was moving to the over-the-counter (OTC) market and would retain the CMLS ticker symbol.

Shares of Cumulus Media fell 26% in after-hours trading following the news on Wednesday afternoon. Not including Wednesday’s after-hours decline, the company’s share price had fallen 59.7% in 2025 and 90% over the last 12 months. 

 

Things got worse on Thursday as the value of the stock fell to $0.20 a share.

 

Cumulus Media has filed for bankruptcy once in the past.. They filed for Chapter 11 bankruptcy in November 2017 and emerged from bankruptcy in June 2018. That involved restructuring more than $1 billion in debt.