Executive Shuffles: Cumulus, HFA, UMPG, Downtown, ADA, AdShare, Live Nation, Paradigm, Nonesuch
The biggest fireworks of late are happening at Cumulus Media, the second-largest radio broadcaster in the US but a company struggling with massive debt and depressed shares. Effective October 13th, Lew Dickey will relinquish his CEO and president stripes, and pasture into a Vice Chairman title. Board member Mary Berner will assume the leadership role. Cumulus is currently saddled with more than $2.5 billion in debt, with shares slumping more than 80% this year
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