Cumulus Media Reorganizes Leadership Structure

Changes At The Top

CUMULUS MEDIA is putting in place a new organizational leadership structure with the goal to enhance the Company's strategic and operational focus and leverage its business platform, following the completion of the integration of CITADEL and WESTWOOD ONE.

CUMULUS MEDIA Chairman/Pres./CEO LEW DICKEY said, "Our vision has been to build the radio company of the future and that is exactly what we are achieving. Towards that end, we have strategically broadened the Company's scope and now have in place differentiated distribution channels and multiple content development platforms. To accelerate our plans, we are putting in place a new organizational structure to reflect the Company's strategic evolution, bringing clarity, focus and accountability to key leadership roles in both our station and network groups."

Among the executive organizational changes:

• CUMULUS will be eliminating its Co-Chief Operating Officer positions, previously held by JON PINCH and JOHN DICKEY.  PINCH will be retiring at the end of NOVEMBER, after more than 45 years in the broadcasting industry and 14 years with CUMULUS. The following newly-created leadership positions will report directly to LEW DICKEY.
• JOHN DICKEY becomes EVP/Content & Programming. He's served as co-COO since 2006. He will focus on developing and maximizing content and programming. Establishing this focused position recognizes the critical importance of CUMULUS’ development and promotion of content and programming across the Company’s station group, WESTWOOD ONE NETWORK and other media platforms including NASH and RDIO.
• WESTWOOD ONE President STEVE SHAW, who joined CUMULUS in early 2013 and served as head of national spot sales for CUMULUS’ station group, will continue in that role and oversee all national and digital sales for both WESTWOOD ONE, CUMULUS' station group and RDIO.
• CUMULUS has engaged executive search firm SPENCER STUART to assist in identifying a candidate for the newly-created position of EVP/Radio.  The executive that assumes this position will be focused on providing day-to-day operational and strategic leadership of CUMULUS’ radio station group consisting of its 460 stations in 90 U.S. markets.

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