How Lew Dickey Will Buy Back Cumulus

Mary Berner says there’s no way Lew Dickey is returning to run Cumulus.

Jeff Warshaw is reportedly already talking spin-offs to buyers who think Connoisseur can steal Cumulus from lenders for pennies on the dollar.

And then there’s Lew Dickey, the founder and CEO ousted in a bloodless coup by the chairman of the board more than two years ago who wants back.

Which one is full of crap?

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  1. For the first time – the Dickey takeover plan.
  2. The timing of the takeover bid.
  3. The biggest thing Lew Dickey has going for him and what’s working against him.
  4. The clueless lenders and bondholders are in for this rude awakening that can totally disrupt the outcome.
  5. The best thinking on when Cumulus can get out of bankruptcy and back to business.
  6. Whether current management is making any progress winning over bondholders who are refusing to sign on to their second operating plan.

The answers start here.

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