On August 1, 2016 Mary Berner called trusted Lew Dickey loyalist and EVP Gary Pizzati into her office and asked him point blank “How do you want to go out?”
He had a three-year $1.5 million no cut contract and asked for a lump sum and contract termination.
Berner refused instead opting to honor the deal to keep him from rejoining Dickey so she benched Pizzati until the end of 2017 when he left.
Then Pizzati’s non-solicit kicked in which prevents him from hiring Cumulus employees during that period.
Now it’s payback time.
Read the full article now.
Recent Posts
- What iHeart Isn’t Saying
- “Pausing” Radio Stations
- Radio’s Smoking Gun
- Leadership Vacuum Backfiring at Saga
- Inside the Beasley 111% Stock Surge
- Spotify’s Siphoning Local Radio Dollars
- The Distracted Listening Epidemic
- Audacy’s U-Turn
- Warshaw Isn’t Negotiating with Cumulus BUT…
- Is iHeartMedia Cutting the Workforce?