| Business Summary | | Cumulus
Media
Inc.
is
a
radio
broadcasting
company
focused
on
acquiring,
operating
and
developing
radio
stations
in
mid-size
radio
markets
in
the
United
States,
and
owns
and
operates
186
stations
in
42
markets.
The
Company
also
provides
sales
and
marketing
services
under
local
marketing,
management
and
consulting
agreements
(pending
FCC
approval
of
acquisition)
to
41
stations
in
16
United
States
markets.
The
Company
will
own
and
operate
a
total
of
225
radio
stations
(164
FM
and
61
AM)
in
46
markets
upon
consummation
of
its
pending
acquisitions
and
dispositions.
In
addition,
Cumulus
owns
and
operates
five
radio
stations
in
various
locations
throughout
the
English-speaking
Eastern
Caribbean,
including
Trinidad,
St.
Kitts-Nevis,
St.
Lucia,
Montserrat
and
Antigua-Barbuda,
and
has
been
granted
licenses
for
FM
stations
covering
Barbados
and
Tortola,
British
Virgin
Islands.
These
Eastern
Caribbean
stations
are
not
regulated
by
the
FCC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CMLS
is
a
radio
broadcasting
company
focused
on
the
acquisition,
operation
and
development
of
radio
stations
in
mid-size
and
smaller
radio
markets
in
the
U.S.
For
the
six
months
ended
6/30/01,
net
revenues
fell
10%
to
$99.7
million.
Net
loss
applicable
to
Common
fell
24%
to
$19.9
million.
Revenues
reflect
the
disposition
of
radio
stations
and
lower
sales
volume.
Lower
loss
reflects
expense
reductions
as
a
result
of
improved
management
control
of
cost
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Lewis Dickey, Jr., 39 Chairman,
Pres, CEO | $476K | Jonathon Pinch, 52 COO,
Exec. VP | 135K | Martin Gausvik, 43 Exec.
VP, Treasurer, CFO | 300K | John Dickey, 33 Exec.
VP, Programming | 454K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|