4-30-14
Cumulus CEO Lew Dickey tells Wall Street the integration of WestwoodOne has been a strong focus for the company and is going "extremely well". It will take another year before the integration is complete but Dickey expects to find more than the $41 million in synergies he had originally announced. Cumulus expects to find $20 million in synergies by the end of 2014 and the balance - another $20-plus million - in 2015. Dickey predicted the company would find another 5-10% in cost savings before WestwoodOne is fully integrated.
