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Jerry Del Colliano

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Monday, July 18, 2022

Warshaw Walks Away from Cumulus

  • How the board kept Warshaw’s consortium from buying the company 
  • The name of the private equity firm that quietly put up the money 
  • The true offer from Warshaw that board chairman Andy Hobson slow walked 
  • The board feared angering Mary Berner – here’s why.

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Previously:  Audacy’s Long Goodbye …  iHeart & Audacy Driving Down Ad Rates …  Why Audacy Stock is Now Worth 77 Cents … iHeart Crashing …  A Change in Radio Rates and Contract Length …  Warshaw Inciting Cumulus Shareholder Revolt … Cumulus to Layoff Station Personnel …  Westwood One to Shutter Another Division … The Danger of Electric Cars to Radio …  

You may also like: Audacy & iHeart Playing Dirty with Ad Rates … Townsquare’s Major Expansion … Cumulus Just Screwed Itself … Average Song Length Nose Dives … Recession Plans at the Big 3 Radio Groups

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