Read the full article now
- May 2nd Cumulus had their annual shareholders meeting and they were not talking about what their angry investors did.
- They approved one thing – their account firm.
- When asked to re-elect their board of directors, a surprising and resounding outcome.
- The company is still laying employees off and shrinking operations so when they asked shareholders to show a financial vote of confidence in them, an even greater surprise.
- What’s really going on here – a questionable debt exchange deal, a second bankruptcy and a growing rift between investors and their top management.
Recent Posts
- What iHeart Isn’t Saying
- “Pausing” Radio Stations
- Radio’s Smoking Gun
- Leadership Vacuum Backfiring at Saga
- Inside the Beasley 111% Stock Surge
- Spotify’s Siphoning Local Radio Dollars
- The Distracted Listening Epidemic
- Audacy’s U-Turn
- Warshaw Isn’t Negotiating with Cumulus BUT…
- Is iHeartMedia Cutting the Workforce?