"2021 was a pivotal year for Cumulus, a year of significant progress and accomplishment."

Since emerging from voluntary Chapter 11 restructuring in 2018, CEO Mary Berner has put a focus on two key objectives: A sustainable growth trajectory, and "right-sizing the balance sheet to maximize financial flexibility to grow shareholder value."

Indeed, net leverage deduction, along with further spot and network ad revenue recovery from COVID-19 slowdowns, is Cumulus' Q4 2021 story. In this special InFOCUS Podcast, we offer audio highlights from the company's late afternoon earnings call on February 23, which also features CFO Frank López-Balboa and questions from key Wall Street analysts who cover Cumulus Media.