Just A Clause, Not A Fact: Cummings Heading Emmis Radio
April 2, 2009 at 7:51 AM (PT)
An SEC filing that outlined changes in the job duties of EMMIS Pres./Programming RICK CUMMINGS does not mean that the two are leaving their current duties in any fashion.
CUMMINGS told ALL ACCESS that there is a clause in the filing that cites an offer to him for a part-time consultancy post. However, that clause is just a "contingency" item that has been in his contract "for years."
"News of my departure is definitely premature," he said. "There is no change in my status here. I intend to be working full-time at EMMIS for as long as they want me."
However, the SEC filing about EVP/General Counsel GARY KASEFF's imminent departure has become reality.