Like Entercom and iHeart, Cumulus Moves To Thwart A Hostile Takeover

RBR+TVBR INFOCUS

Call it a “poison pill.” Call it fortifying the moat against an invasion on the C-Suite and corporate castle. Short-term shareholder rights plans have emerged at three of the nation’s biggest audio media companies, with the latest one to emerge coming from Cumulus Media.

Details of Cumulus’ plan first emerged early Friday (5/22) in Streamline Publishing’s Radio Ink. But, how does the initiative signed off by CEO Mary Berner compare to those recently codified at Entercom Communications and iHeartMedia?