The Company's 2018 operating results and key operating performance measures on a consolidated basis, were not materially impacted by the reorganization.During the third quarter of 2019, the Company reassessed its reportable segments and concluded it has one reportable segment.
When combined, these periods present the Company's non-GAAP combined Predecessor and Successor capital expenditures for the year ended December 31, 2018 (dollars in thousands):Disney's $30 'Mulan' plan will be litmus test for entire film industryThis 20-year-old college student biked for 48 days to return home amid the pandemicSpace industry is moving to 'leadership by seasoned execs': Space Capital partnerLegion M, the first fan-owned entertainment company, announces seventh round of fundraising2021 is looking up for the economy and the markets: Morning Brief'Impossible to stay quiet': Doctor sounds alarm on messy school reopenings amid the coronavirus pandemicStarbucks CEO: Customers seek a haven of the 'safe, familiar, and convenient' during coronavirusBeijing doesn’t want to “poison the business climate in China”, says expertStock market news live updates: Stock futures mixed as investors eye earnings, Trump's virus ordersTencent Shares Lose $66 Billion in 2-Day Rout on WeChat Ban 17500 '19 - Q2. On June 4, 2018, the Plan became effective in accordance with its terms and the Company emerged from Chapter 11. Given the relevance to our overall value, management believes that investors consider the metrics to be extremely useful.Adjusted EBITDA and Same Station financial measures, with and excluding the impact of political advertising, should not be considered in isolation or as a substitute for net income, net revenue, operating income, cash flows from operating activities or any other measure for determining the Company’s operating performance or liquidity that is calculated in accordance with GAAP.
Nvidia has a sizeable data centre group which achieved nearly $1 billion in revenue in the last quarter and it seems likely the firm is keen to build upon this success. Same Station metrics are adjusted for material station acquisitions and dispositions as if these acquisitions and dispositions had occurred as of the beginning of the comparable period in the prior year, as indicated. Cumulus Media's revenue is the ranked 9th among it's top 10 competitors. Management has also observed that Adjusted EBITDA and Same Station financial measures, with and excluding the impact of political advertising, are routinely utilized to evaluate and negotiate the potential purchase price for media companies. 25100 '19 - Q4. On May 10, 2018, the Court entered an order confirming the Company’s Plan of Reorganization (the “Plan”). This year’s results reflect the success of our consistent focus on key strategies to create value for our investors.”Berner continued, “Despite a choppy environment and an expected political headwind, fourth quarter revenue finished in-line with the pacing we shared during our last earnings call, and, with some slight favorability on expenses, we delivered Adjusted EBITDA that was somewhat better than we had indicated. In October 2017, Cumulus was inducted into the Innovation Hall of Fame by JP Morgan Chase. Same station financial measures excluding the impact of political advertising are further adjusted to exclude the impact of political advertising in the comparable periods.Management believes that Adjusted EBITDA and Same Station financial measures, with and excluding the impact of political advertising, although not measures that are calculated in accordance with GAAP, are commonly employed by the investment community as measures for determining the market value of a media company and comparing the operational and financial performance among media companies.
Cumulus Networks unleashes the power of open networking and accelerates its adoption with Cumulus Linux, the operating system for open networking. Consolidated adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA") is the financial metric by which management and the chief operating decision maker allocate resources of the Company and analyze the performance of the Company as a whole.