Inside Music MediaJerry Del Colliano

So what is Lew Dickey up to?

Get the feeling that there is an end game going on and the industry, shareholders and Wall Street are being distracted?

Try this one on for size.

That new Cumulus Investment Partners, the currently unfunded, publicly touted new venture with Crestview, is a smokescreen for eventually retiring Cumulus debt and taking the company private.

Private is in -- Jeff Smulyan finally worked a deal with investors and shareholders last week. But more on Emmis in a moment.

Dickey, who has earned the nickname "Tricky" Dickey, looks around at buying Salem and/or Radio One with play money --&hellip