Lew Dickey Is Out as Cumulus Media CEO – Replacement Named –...

Lew Dickey Is Out as Cumulus Media CEO – Replacement Named – Stock Plummets

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This story has been updated.

As Saving Country Music first reported on Monday (9-28), Cumulus Media was sent into turmoil last Thursday (9-24) when the company’s stock was decimated to the tune of a -15.54% loss to settle at $0.76 per share after downgrades from Moody’s and Seeking Alpha among others. Rumors had Executive Vice President of Content and Programming John Dickey cleaning his desk out, and a personnel shakeup imminent. And now it has happened.

Lew Dickey, the embattled and polarizing CEO of Cumulus is out, and his replacement has been named as Mary G. Berner, a seasoned media business operator who joined the Cumulus board in May. Lew Dickey founded Cumulus Media…



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