What Changes First at the New Cumulus

INSIDE …

  • McVay is not only staying, he’s been put in charge of all programming – is that change you can count on?
  • What new CEO Mary Berner was horrified to find after surveying Cumulus stations for the board – and she’s hell bent to confront it.
  • How the Cumulus station of the future will be run when she takes over soon.
  • The $260 million mess at Westwood one – rehire the old talent, keep pawning off recycled local Cumulus talent, sell?
  • Nightmare scenario she must deal with on day one – revolt of Cumulus air talent. Details.
  • Let’s just confront this big elephant in the room upfront – was Mary Berner hired to take Cumulus into bankruptcy as she did Reader’s Digest?

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Cumulus Under New CEO Mary Berner

INSIDE …

  • How Cumulus is going to be a radically different company under Mary Berner – no radio background.
  • Was she brought in to take Cumulus to bankruptcy – she did it to Reader’s Digest. Details.
  • What’s this keeping Mike McVay to replace John Dickey in programming all about? Did Mary Berner really do this?
  • The big F@#k You that Jeff Marcus may have given Lew Dickey on the way out the door.
  • How soon will Mary Berner make more major changes – the time line.
  • And what about Westwood One – more of the same, fixed or sold.
  • How local markets will soon operate – will Mary Berner make it more local or more national with a different management team.
  • The fate of the Cumulus computerized sales tracking system that makes sellers lose up to two hours of productive time per day.
  • If you think Mary Berner has no radio experience, look at who interviewed for the Cumulus CEO job with even less.
  • The prospects for merger or sale of assets under new management.
  • Now that the Dickeys have fallen from grace, which radio group CEO is next?

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What Happens To Dickey’s Posse Now

INSIDE …

  • How about brother John – is there anyway Jeff Marcus’ new CEO would keep the current programming “genius” – say for transition purposes.
  • Both Dickey brothers were reportedly seen cleaning out their offices. Take a look at their future plans.
  • McVay? Does he stay or does he go – and when.
  • Jan Jeffries – rumor has it that Jeffries has something over the Dickeys that kept him employed. Will Lew’s successor feel the same way?
  • And what about the guy many Cumulus employees feel is public enemy number one – Gary Pizzati. A role in the new management scheme under one of the possible job candidates to replace Lew.
  • Some market managers are outta there when Lew leaves – how long will they have.
  • Plus, two job candidates who could replace Lew as CEO where it would actually be better to keep Lew (can’t believe I said that, but it’s true). Here’s who you don’t want Jeff Marcus to choose.

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Dickey’s Official Demise Coming Very Soon

INSIDE …

  • Here’s how Lew Dickey’s official end will come and what will happen next.
  • And when.
  • Why is principal shareholder Jeff Marcus waiting this long to axe Lew Dickey hanging him out there to dry – after this, you’ll understand the delay.
  • The big and surprising changes largest shareholder Jeff Marcus is going to make.
  • Not likely Marcus will promote from within – but here is the CEO he’s getting ready to announce soon.
  • Why the Dickey replacement will surprise – no, shock you when this person’s name is announced.
  • The one last hope for surviving Cumulus employees if they like this new definition of a radio company coming soon.

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Huge Pay Cuts Coming To Cumulus

INSIDE …

  • Details on the big time pay cuts coming in the next few months.
  • Here’s the minimum giveback – sit down and stay away from sharp objects.
  • What a Cumulus “take it or leave it” agreement is going to look like.
  • Who is going to be told take less or leave.
  • If Mike McVay is going to have to take less – assuming he still has a job under the new CEO – he’s starting from this inflated salary number.
  • Why some big names in Cumulus have turned on Lew Dickey and what’s going to happen to them now.

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Lew Dickey’s Replacement Is In the House

INSIDE …

  • The surprising front-runner to replace Lew Dickey.
  • If this guy gets the gig (and it’s a guy), save the celebration. And I’m hearing it’s not John Hogan.
  • Then what happens to his brother John and the lackeys he has hired.
  • Sources report the end should come soon.
  • Which influential people did Lew Dickey cross to lose goodwill on Wall Street at the worst time – some of whom actually are said to have badmouthed him.
  • How Jeff Marcus is likely to handle Lew’s embarrassing demise.

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New Evidence the Vultures Are Circling Cumulus

INSIDE …

  • No sooner than majority owner Jeff Marcus leaves San Francisco, these people arrive.
  • And other markets will reportedly get the same treatment – how many?
  • How Cumulus seems to be doubling down on making even deeper cuts.
  • Suspiciously Cumulus is trying to clean up old business – some years old to tidy things up ahead of a bankruptcy. The specifics.
  • What a pre-pack bankruptcy would mean to equity holders, banks, bondholders and employees.
  • How analysts can in clear conscience give a “buy” or “outperform” rating to a company this sketchy.

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