Dickey Inks New Contract Through 2018

Cumulus co-founder will remain with company for three more years
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ATLANTA�Cumulus Media�s co-founder�has signed a new contract with the company, they announced in a press release.

President/CEO Lew Dickey will continue to run the daily operations Cumulus� broadcasting stations, networks and strategic investments through 2018.�

Dickey will remain on the board but drops the chairman title; board member Jeff Marcus, who�s a partner with Cumulus� largest stockholder, Crestview Partners, becomes non-executive board chairman.

The board nominated Mary Berner, president and CEO of the Association of Magazine Media, to stand for election on the board. That�s to fill the vacancy when Robert Sheridan of Ridgemont Equity Partners retires from the Cumulus board in May.