The $260 million deal was announced Friday.
Today, Cumulus CEO Lew Dickey turned to the happy talk trade press – All Access this time – to spin it.
Meanwhile, financial analysts think he has put Cumulus in worse shape financially.
Now he has to make massive firings to cover his tracks.
If you’ve been thinking about subscribing and would like to access this story, let me tell you what you will get.
- Big top management change coming at Cumulus. Big.
- The amount of money Cumulus plans to save when the Dial Glo-bull deal closes – that’s right, save – meaning a massive firing event is part of the deal.
- Now we know more about the Cumulus plan to get bigger in bigger markets.
- Lew’s backhanded public way of confirming game on for a CBS Radio purchase.
- Plus, the question no one ever answers: “What’s wrong with Nash FM and how will your new syndication division market a losing brand?”
Access this story now and try a monthly subscription, here.
Access this story PLUS 2,420 previous stories, here. Search Stories.
It’s worth it! You can’t get honest and insightful media information like this anywhere else. Thousands of members are all in. Unlock this story and see for yourself.
Confidential NewsTip Hotline • Talk to Jerry privately • Follow Jerry
Discover Jerry’s 2014 Media Conference
Recent Posts
- A Dollar Look at Cumulus Deep Cuts This Year
- The Shutting Down of FM Stations
- Behind the Scenes of the Audacy Housecleaning
- And the New Audacy CEO Will Be …
- What’s Impacting Radio’s Digital Business
- A Hurdle Slowing Townsquare’s “Digital First”
- The $47 Million Radio CEO
- A Challenge to Saga’s Business Model
- What Audacy is Up to with Staffing
- A Closer Look at iHeart Spells Trouble