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Monday, May 4, 2015

What's Going On With Cumulus' Revenue?


CEO Lew Dickey says March and April were both anemic. "We've seen pretty big swings both positive and negative. We hear this from our peers and other media as well." Dickey said he spoke to Mark Gray at Katz which controls 90 percent of national and was told the issue is non-returning business in the scatter market. He singled out retail, telecom, automotive, and home improvement as the categories giving him the most fits. Dickey said, "It's hard to say if it's the overall economy. There's a lot of nervousness and trepidation from the clients." On a positive note, Dickey said Cumulus now has the strongest operating team in the history of the company.

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