Cumulus Media (OTC:CMLS) reported quarterly losses of $(2.19) per share which missed the analyst consensus estimate of $(1.23) by 78.05 percent. This is a 16.49 percent decrease over losses of $(1.88) per share from the same period last year. The company reported quarterly sales of $164.447 million which missed the analyst consensus estimate of $171.400 million by 4.06 percent. This is a 12.22 percent decrease over sales of $187.349 million the same period last year.