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Friday, July 31, 2015

Dickey Calls Out iHeart On National Business

Dickey Calls Out iHeart On National Business
Jul 31st 2015, 05:08
He calls it a tale of two cities with respect to national performance. What Cumulus CEO Lew Dickey is referring to is how iHeartMedia is reporting their national business is up and the rest of the industry reports natoinal down, in some cases down big. The largest national rep firm, Katz, is owned by iHeartmedia. Dickey did give iHeart credit for building their scale and investment in national infrastructure. Cumulus is building a similar large-scale company but trying to catch up, building out Westwood and NASH. Dickey says the national business problem is systemic and he aimed his comments directly at iHeartmedia. HERE'S THE FULL STORY.