Cumulus Media layoffs, on the record
Every job cut, severance charge and restructuring Cumulus Media reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company recorded higher corporate restructuring charges, driven by an impairment of a certain lease that is expected to be sublet at less than the current contractual amount.
Word for word“Corporate expenses increased primarily as a result of higher restructuring charges driven by an $11.4 million impairment of a certain lease which is expected to be sublet at an amount less than the current contractual agreement and increased employee benefit costs mostly driven by higher health insurance claims.” 10-K for 2023
Our summaryThe company reported restructuring costs as a reconciling item in its Adjusted EBITDA reconciliation.
Word for word“Restructuring costs 17,684 8,218 Non-routine legal expenses 898 544 Gain on early extinguishment of debt (9,849) (4,496) Franchise taxes 730 809 Adjusted EBITDA $ 90,728 $ 165,982 Segment Results of Operations The Company has one reportable segment and presents the comparative periods on a consolidated basis to reflect the one reportable segment.” 10-K for 2023
Our summaryCorporate expenses included restructuring costs related to the continued evaluation of the company's real estate footprint and increased employee-related severance activity.
Word for word“Corporate expenses increased primarily from $16.4 million of debt exchange costs in 2024, higher restructuring costs related to the continued evaluation of our real estate footprint and increased employee-related severance activity, and higher legal fees.” 10-K for 2024
Our summaryThe company reported restructuring costs in its Adjusted EBITDA reconciliation for 2024 and 2023.
Word for word“Restructuring costs 13,889 17,684 Debt exchange costs 16,369 — Non-routine legal expenses 1,851 898 Gain on early extinguishment of debt (170) (9,849) Franchise taxes 582 730 Adjusted EBITDA $ 82,708 $ 90,728 31 Table of Contents Segment Analysis The Company has one operating and reportable segment and presents the comparative periods on a consolidated basis to reflect the one reportable segment.” 10-K for 2024
Our summaryThe company and most of its subsidiaries filed voluntary Chapter 11 petitions to carry out a prepackaged plan for a comprehensive debt restructuring under a restructuring support agreement.
Word for word“On March 4, 2026 (the “Petition Date”), the Company and substantially all of its direct and indirect subsidiaries (collectively, the “Debtors”) began filing voluntary petitions to commence cases (the “Chapter 11 Cases”) pursuant to Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”), to implement a joint prepackaged plan of reorganization (the “Plan”) effectuating a comprehensive debt restructuring (the “Restructuring”) in accordance with the Restructuring Support Agreement (as defined below) and the ABL Commitment Letter (as defined below).” 10-K for 2025
Our summaryThe company reconciled Adjusted EBITDA to net loss and showed restructuring costs of $11,089 thousand for 2025 and $13,889 thousand for 2024.
Word for word“Restructuring costs 11,089 13,889 Non-routine legal expenses 13,153 1,851 Debt exchange costs — 16,369 Gain on early extinguishment of debt — (170) Franchise taxes 428 582 Adjusted EBITDA $ 52,006 $ 82,708 Segment Analysis The Company has one operating and reportable segment and presents the comparative periods on a consolidated basis to reflect the one reportable segment.” 10-K for 2025
Cumulus Media has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Cumulus Media’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-04-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.