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John Dickie

P

Poppychapman

Read what John Dickie said today:

"The problem that our business will always have and that will keep it from realizing its full potential is the narrow-mindedness of the industry; the inability of people inside our business to look at what we're trying to do and not be so formatically rigid about what defines Country."

He's referring to his dismal failure of Nash FM and Nash ICON radio formats. They're all losing badly. What a smug arrogant man he is. HE is the narrow minded. So narrow minded he can't play the correct music.

Here's a flash Johnny Boy: Country listeners don't want to hear a stream of Green Day, John Mayer, Taylor Swift all day. Even if you DID get a few non country listeners listening it would be just a fad. Just like all the experts/CONsultants thought Old School Hip Hop BOOM! was going to be the next hot format. It was...for three months.

Back to John Dickie...John YOU are single handily destroying your country stations (and news-talk) too! Get this pin head out before it's too late!
 
Poppychapman said:
Get this pin head out before it's too late!
Click to expand...

That's funny. You think it's like a reality show where you get to vote him off the island?

He paid for those stations. He gets to do with them what he wants. If it fails, it's his butt.

That's how the system works.
 
I never suggested I thought it was a reality show. Of course he can do what he wants to do. HOWEVER, His Father was the one that made the money. John and Lew are destroying it. And by the way...The Board of Directs CAN replace them if they voted on it.

Prediction: Cumulus will file Bankruptcy within a year.
 
Just because you don't like it doesn't mean anyone else agrees.

The only way they file bankruptcy is if their lenders issue a call on the note. That would be absolute financial suicide. The lenders would lose $2 billion. My prediction is they won't let Cumulus file for bankruptcy.
 
Actually, if his management isn't generating adequate cash flow to maintain debt service, the debt holders may conclude that their best bet is to convert their debt to equity and liquidate the company. Something is better than nothing, but having wrote that, I believe Cumulus is still servicing its debt so this is not on the near term horizon.
 
From today's AllAccess. Obviously, the lenders are very satisfied with the direction the company is going:

CUMULUS MEDIA INC. has inked a multi-year extension through 2018 with President and CEO LEW DICKEY. Also, lead Director JEFFREY MARCUS of CRESTVIEW PARTNERS has been appointed non-executive Chairman of the Board of Directors of CUMULUS.

MARCUS said, “Our Board is grateful that LEW DICKEY, who has built CUMULUS into a leading national media business, has renewed his commitment to lead the company into the future. I look forward to continuing to collaborate with LEW to build value for our shareholders."

- See more at: http://www.allaccess.com/net-news/a...o-multi-year-contract-ex#sthash.EafnaOUm.dpuf
 
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