David Felker Departs Westwood One After 38-Year Career

[Y2kTheNewOldies]

David Felker Departs Westwood One After 38-Year Career.

David Felker has exited Westwood One. His departure marks the end of a nearly four-decade run with the company, which he joined in 1987. At the network, he held several

www.insideradio.com

David Felker exits the VP of Programming seat at Westwood One. This comes as the Parent company of Westwood One is in the process of getting delisted from Nasdaq. How Many more people will leave Westwood One due to the delisting issue is yet to be seen here.

David Felker has exited Westwood One following recent consolidation and downsizing at the network. His departure marks the end of a nearly four-decade run with the company, which he joined in 1987 during its early days as Transtar. Over the years, the network underwent several name changes—becoming UniStar, Dial Global, and ultimately Westwood One under Cumulus Media ownership.

At the network, he held several roles across syndicated programming, rising through the ranks as Music Director, Program Director, Operations Manager, and eventually Vice President of Programming.

Nasdaq To Delist Cumulus Shares, With An OTC Move Coming - Radio Ink

It finished Wednesday's trading session on the Nasdaq at exactly $0.2699 and in immediate after-hours trading sank by 24%. Why? Investors likely learned of a SEC filing made following the close of trading indicating that Cumulus Media has decided to shift its publicly traded shares to the OTC...

radioink.com

It finished Wednesday’s trading session on the Nasdaq Global Market exchange at exactly $0.2699 and in immediate after-hours trading sank by 24%. Why? Investors likely learned of a SEC filing made following the close of trading indicating that Cumulus Media has decided to shift its publicly traded shares to the OTC Markets.

The decision to shift “CMLS” to the “OTCQB” market tier, considered to be a home of riskier investments than companies trading on the NYSE or Nasdaq markets, was precipitated by notification from The NASDAQ Stock Market on Wednesday (4/23) indicating that “CMLS” would be delisted — with trading suspended — with the Opening Bell on Friday, May 2.


Cumulus had an option to prevent that from happening. According to Nasdaq rules, the company led by CEO Mary Berner that will reveal its first quarter 2025 financial results prior to its final trading day on Nasdaq (May 1 at 8:30am Eastern) had an opportunity to request an appeal of the delisting determination before the Nasdaq Hearings Panel. The appeal would need to be submitted by April 30.

 

[radiofan2023]

How do you know he left WW1 due to the Cumulus delisting issue?

 

[Y2kTheNewOldies]

How do you know he left WW1 due to the Cumulus delisting issue?

I meant the way the article went it's two events within the company but not directly tied. The article went with the time the announcement of Felker leaving took place and where the company is going. It's basically two events that just happen to land at the same company.