Changes Atop Cumulus -- Who Is Jeff Marcus?
September 30, 2015 at 2:51 AM (PT)
YESTERDAY (NET NEWS 9/28), ALL ACCESS reported the CUMULUS MEDIA Board of Directors named MARY G. BERNER CEO of the company, effective TUESDAY, OCTOBER 13th. BERNER joined the CUMULUS board this past MAY. She most recently served as Pres./CEO of MPA -- THE ASSOCIATION OF MAGAZINE MEDIA ("MPA"), the industry association for magazine media companies, and will succeed LEW DICKEY, the company's Founder/CEO, who will now serve as Vice Chairman and continue as a director of the company.
The memo announcing the change came from CUMULUS MEDIA, INC. Chairman of the Board JEFF MARCUS, someone many are not familiar with. So who is JEFF MARCUS?
The CRESTVIEW PARTNERS WEBSITE says he, "joined CRESTVIEW as a partner in 2004 and is a member of the Investment Commitee. Mr. MARCUS leads CRESTVIEW’s media strategy. A media and communications entrepreneur, Mr. MARCUS previously served as the Pres./CEO of AMFM, (formerly CHANCELLOR MEDIA CORP.), one of the nation's largest radio broadcasting companies. Mr. MARCUS was also the Founder/CEO of MARCUS CABLE, which at the time of its sale (1998) was the largest privately held cable company in the U.S. Mr. MARCUS also founded an earlier cable company, MARCUS COMMUNICATIONS, which was merged into WESTERN TELE-COMMUNICATIONS, after which Mr. MARCUS was the CEO of the renamed company, WESTMARC COMMUNICATIONS, until 1988. In 1989, the company was sold to TELE-COMMUNICATIONS. Mr. MARCUS is a director of CAMPING WORLD/GOOD SAM ENTERPRISES, CUMULUS MEDIA, DS SERVICES and NEP GROUP and has served on public and private company boards of directors, including BRINKER INTERNATIONAL, AMFM, CHARTER COMMUNICATIONS, INSIGHT COMMUNICATIONS, ONELINK COMMUNICATIONS and WESTMARC COMMUNICATIONS. He received a B.A. in Economics from the UNIVERSITY OF CALIFORNIA-BERKELEY."