Lew Dickey has wanted to buy Cumulus ever since he was removed in a bloodless coup by board chairman Jeff Marcus several years ago.
That was then.
In the meantime, Dickey has secured the money it would take for the current board (a group of lenders not operators) to seriously consider his takeover bid.
But something has gone very wrong.
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- While Cumulus was pivoting to digital, Westwood One just got hit with major defections