Inside Music MediaJerry Del Colliano

Big changes coming to Cumulus.

Don’t believe it if you like but when major investors take a haircut like they are taking with their money, heads roll and things change.

Over 6 million Cumulus shares were traded Friday after the “sell” was put out on Cumulus Media – usually 1.4 million trade hands.

Investor’s sense trouble but the big investors are in charge.

They know something we don’t know.

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1. Why Lew Dickey’s replacement will be Lori Lewis. Okay, I’m lying. Just want to see if you’re still with me. But there are unimaginable changes ahead for Cumulus. You think majority owners like seeing their investment shrink from $50 to $2? Details.
2. Investors know that there is only one way out of this mess for Cumulus but it is not what you’re thinking. Here it is.
3. What’s up with the deteriorating relationship between Lew Dickey and Cumulus’ largest shareholder, Crestview’s Jeff Marcus. It’s complicated.
4. Where the board now stands on getting more non-Dickeys in top management positions – you’ll be surprised at this one.
5. What it will be like working for Cumulus after the shit hits the fan – coming soon.

The answers start here.

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