Cumulus - Parent Company of WPRO Delisted By NASDAQ and Stock Drops 34%
GoLocalProv Business Team
Cumulus - Parent Company of WPRO Delisted By NASDAQ and Stock Drops 34%
In Rhode Island, Cumulus is the parent company of the largest group of radio stations in the Providence market — WPRO AM and FM, HOT 106, LITE 105 and others and now the company faces financial uncertainty.
On Wednesday, the stock closed at just $0.17 per share. An 89 percent drop in stock value from the 52-week high and that was after an eight for one stock swap in 2016.
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Newspaper
Providence Journal --> GateHouse --> New Media Investment Group --> Fortress --> SoftBank
Location: Tokyo, Japan
Total Newspapers: 125 Daily Newspapers, 600 Community
TV
WJAR-10 --> Sinclair Broadcasting
Location: Hunt Valley, Maryland
Total Stations: 233 Stations
TV
WPRI-12 --> Nexstar
Location: Irving, Texas
Total Stations: 170
TV
ABC-6 --> Citadel Communication
Location: Bronxville, NY
Total Stations: 3
Radio
WHJJ, WHJY + More --> iHeart Media
Location: San Antonio, Texas
Stations: 858
Radio
WPRO AM, WPRO FM + More --> Cumulus Media
Location: Atlanta, Georgia
Stations: 447
Digital
GoLocalProv --> GoLocal24
Location: Providence, Rhode Island
Websites: 3
