Cumulus Signs Lew Dickey To Multi-Year Contract Extension
April 28, 2015 at 2:13 PM (PT)
CUMULUS MEDIA INC. has inked a multi-year extension through 2018 with President and CEO LEW DICKEY. Also, lead Director JEFFREY MARCUS of CRESTVIEW PARTNERS has been appointed non-executive Chairman of the Board of Directors of CUMULUS.
MARCUS said, “Our Board is grateful that LEW DICKEY, who has built CUMULUS into a leading national media business, has renewed his commitment to lead the company into the future. I look forward to continuing to collaborate with LEW to build value for our shareholders."
In addition, RIDGEMONT EQUITY PARTNERS' ROBERT H. "TREY" SHERIDAN, III is retiring at the end of his term at the 2015 annual meeting of stockholders, with MPA -- THE ASSOCIATION MF MAGAZINE MEDIA President/CEO MARY G. BERNER nominated to take his place on the board.
DICKEY said, “We are fortunate to be adding MARY BERNER to our Board, where her insights and experience will be valuable as we continue to position the company for long-term success in the changing media landscape.”