RUMOR MILL
Back to Rumor Mill >
Tuesday, September 29, 2015

DARK CLOUDS OVER CUMULUS—NEW UPDATE

UPDATE: Sources inside Cumulus say that SVP Content and Programming Mike McVay will assume an enhanced programming role with the exit of EVP John Dickey.

Cumulus Media President Lew Dickey and EVP John Dickey have exited the company.

Their departure ends weeks of speculation about imminent big changes at Cumulus, the Atlanta-based radio power, whose stock plummeted to a new low yesterday. The next step for America’s #2 broadcaster is expected to involve a wholesale reorganization, along with the naming of a new top executive.

Veteran radio execs Dan Mason Sr. and John Hogan are said to have spoken with the Cumulus board, which has a meeting is scheduled for Thursday.

Stay tuned for further news from Peachtree Road.

The major labels are watching these developments with great interest. The respected and well-liked John Dickey has been a willing and capable partner on the artist-development front; indeed, many believe he’s singlehandedly responsible for transforming the relationship between his company and the majors.

 
BACK TO RUMOR MILL
 
SPRING BREAKOUTS: THESE HEATERS ARE STILL HOT
Who's Boomin who. (4/25a)
Check It Out Now
SONG REVENUE: “SWEET” SMELLS OF SUCCESS
Life after "Church" (4/25a)
Check It Out Now
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/25a)
Check It Out Now
THE ODDS ON TUCKER WETMORE
Who's gonna get him? (4/25a)
Check It Out Now
GONE COUNTRY: HOUSE LIPMAN INVESTS IN WESTERN WEAR
The full Monte (4/25a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions