Cumulus Media Inc (NASDAQ:CMLS), finished its last exchange with stayed level at $0.79.
Cumulus Media Inc. claims and works radio stations in the United States. It offers business promoting time to neighborhood, national, and system customers on its radio stations. The organization claims and works around 460 stations in 90 United States media markets; and around 8,500 show radio partners and different computerized channel
Cumulus Media, announced that Mary G. Berner has been named Chief Executive Officer of the organization, compelling October 13, 2015. Ms. Berner, a prepared media business administrator, joined the Cumulus board this past May. She will succeed Lew Dickey, the organization’s originator and CEO, who has chosen to serve as Vice Chairman and proceed as an organization’s executive.
Ms. Berner most as of late served as President and Chief Executive Officer of MPA – The Association of Magazine Media (“MPA”), the industry relationship for magazine media organizations. From 2007-2011, she was Chief Executive Officer of Reader’s Digest Association and, before that, Chief Executive Officer of Fairchild Publications. Throughout her exceedingly fruitful profession, she has driven a world’s percentage best known brands and substance stages, tallying: Glamor, TV Guide, W, Women’s Wear Daily, Every Day with Rachael Ray and Allrecipes.com.
Jeffrey Marcus, Chairman of the Board of Cumulus Media, Inc. what’s more, a Partner at Crestview Partners, which oversees reserves that advantageously own around 27% of Cumulus’ exceptional stock, said, “We are charmed that Mary has consented to serve as our new CEO.
Mary is a demonstrated official, with more than 30 years of involvement in media driving results in multi-stage publicizing and substance driven organizations. Not just has she effectively assembled and changed a best’s percentage known customer and b2b media brands and organizations on the planet, she has exhibited a capacity to pivot an organization’s execution and manufacture esteem for shareholders.”
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