Lew Dickey Is Out as Cumulus Media CEO – Replacement Named – Stock Plummets
Lew Dickey, the embattled and polarizing CEO of Cumulus is out, and his replacement has been named as Mary G. Berner, a seasoned media business operator who joined the Cumulus board in May. Lew Dickey founded Cumulus Media in 1997, and has served as the company’s CEO for 16 years. Dickey will stay on at the company, but in a downgraded role as a Vice Chairman.