Cumulus Media Inc.

AI-generated fair value estimate for this company.

Method: Chapter 11 plan valuation: CMLSQ is the OTC-quoted, bankruptcy-flagged ('Q' suffix) ticker for the same Cumulus Media Inc. common equity as CMLS. The company's prepackaged Chapter 11 reorganization plan was court-approved April 15, 2026, and cancels every Existing Equity Interest 'without any distribution' (~17.67M shares outstanding pre-petition). Reorganized-company equity is allocated 95% to secured 2029 noteholders and 5% to other debtholders, leaving $0 recovery for legacy common stockholders. No DCF or trust-NAV basis applies because the equity claim itself is extinguished under the confirmed plan.

Reasoning: 0 recovery to common equity is a documented term of the court-confirmed Chapter 11 plan; the stock's residual value to current holders is $0.