iHeart, Cumulus Bonusgate

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  1. What creditors are accusing Cumulus CEO Mary Berner of trying to pull off.
  2. Why “Berner Bucks” are getting approved to the CEO instead of going to buy WLUP and WKQX.
  3. What happens to the thousands of bonuses paid to employees not named Mary Berner.
  4. The lower employee commission rates that came after iHeart’s Bob Pittman and Rich Bressler’s bonus grab.
  5. What about future Cumulus bonuses – here’s what Cumulus is trying to get away with.
  6. How Cumulus’ actual EBITDA is getting creamed by new problems their lenders may not be aware of.

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