Cumulus Media (OTC:CMLS) reported quarterly losses of $(1.45) per share which missed the analyst consensus estimate of $(1.03) by 40.78 percent. This is a 271.79 percent decrease over losses of $(0.39) per share from the same period last year. The company reported quarterly sales of $188.074 million which beat the analyst consensus estimate of $180.500 million by 4.20 percent. This is a 13.95 percent decrease over sales of $218.576 million the same period last year.