iHeartmMedia, Cumulus continue losing streak.

Cumulus CEO Mary Berner

Cumulus CEO Mary Berner

iHeartMedia CEO Bob Pittman

iHeartMedia CEO Bob Pittman

The number one radio company saw a boost in second-quarter revenue by 3.2%, largely because of live events, traffic and weather, political, trade, barter and syndication. On the other hand, net losses grew over 500%, from $54 million and change to over $278 million. Meanwhile, Cumulus Media reported a decline of 4.1% from second quarter 2015 to Q2 2016. Net income was down a whopping 91.3% compared with the same period last year.

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