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
- Why Billionaires Keep Buying Dying Linear Media
- How Radio Is Dealing with Fake AI Music
- How to Make Pittman & Berner Money
- A Third Cumulus Bankruptcy?
- Beasley’s New Re-fi Drama
- Astonishing “Going Concern” Verdicts
- iHeart’s SiriusXM Non-Merger
- iHeart/SiriusXM Merger -- Seriously?
- Beasley Restructuring Reality Check
- The Mystery of the Disappearing Ratings