Cumulus Media -- the 64 cent stock is all Harvard grad Lew Dickey, Jr. has to show for 13 consolidated years of radio -- is at war with itself.
This is my opinion.
When a company has to revert to tactics that inhibit productivity at a crucial time and dissipate the good will of their employees, it can only be due to desperation.
Cumulus is in free fall.
The stock price is in the toilet. The value of the company worth less than ever. The future mortgaged by overspending and now the employees in a sense pistol whipped because they need their jobs and the ruling Dickey family needs cheap labor.
It's not&hellip
Recent Posts
- Bye Bye Market Managers
- iHeart’s Likely Buyer
- Townsquare’s Mounting Problems
- Deregulation in Trouble
- The Real SiriusXM/Audacy Distribution Deal
- Outbreak of License Forfeitures
- The Stations in Danger When De-Reg Resumes
- Why Beasley is Outperforming iHeart
- What Comes After Ratings, Downloads and Impressions?
- Cumulus’s FCC DEI Dilemma