Is Modern Media’s First Move A Cumulus Reboot?

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RBR+TVBR INFOCUS


Lewis W. Dickey Jr. is perhaps one of the most polarizing individuals in the broadcast radio business. Yet, the co-founder of the second-largest radio company by number of stations, Cumulus Media, has officially been out of the industry since March 23.

Is Dickey plotting a return to AM and FM station ownership? Speculation is running high among media brokers and high-placed industry observers who spoke with RBR+TVBR that Dickey’s newest entity, Modern Media Acquisition Corp., was designed expressly for a methodical merger.

And, Cumulus has been at the center of the speculation, leading to a variety of strong reactions as to what this would mean for the company that’s just embarked on a long road to recovery, and for the entire broadcast radio industry.

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