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Cumulus Media Inc. (CMLS) reported a fourth-quarter loss of $249,000 on Tuesday, after reporting a profit a year earlier in the same period.

The Atlanta-based company said it had a loss of 1 cent on a per-share basis.

The owner of the radio station posted $245.9 million in revenue in the period.

 

 

The company reported a $59.7 million loss for the year, or $2.94 per share, swinging to a loss in the period. The income was reported as 816.2 million dollars.

Since the beginning of the year, Cumulus shares have increased 13 percent. In the last 12 months, the stock has declined 31 percent.

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