http://hitsdailydouble.com/news&id=298067
They just got a new CEO and that's what she had to say.
Quote:
Magazine magnate turned incoming Cumulus CEO Mary Berner, who moved into Lew Dickey’s executive office on Tuesday, took no prisoners in offering her initial state-of-the company address during a conference call with investors.
Here are her bullet points (we’re paraphrasing): The current culture of Cumulus sucks; the company is grossly underperforming relative to the rest of the industry. The top-down approach of management has failed, and local markets need more authority. To that end, individual stations will have a voice in every decision, and local programmers are going to be able to add some of their own music soon. There’s been too much focus on ancillary things and not enough on programming. No less than 48% of Cumulus employees have turned over during the past 18 months.
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