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CUMULUS NEWS RELEASE
ATLANTA,
GA
November 13, 2000 -- Cumulus Media Inc. (NASDAQ: CMLS)
is
very pleased to announce the addition of Jonathon Pinch as Executive
Vice-President and Chief Operating Officer effective December 1, 2000.
Mr. Pinch joins Cumulus’ management team after a highly successful
tenure as the President of Clear Channel International Radio (“CCU
International”) (NYSE:CCU). At rapidly growing CCU International, Mr. Pinch was
responsible for the management of all CCU radio operations outside of the United
States, which included over 300 properties in 9 countries. Upon
his appointment as Cumulus’ Chief Operation Officer Mr. Pinch commented, “
the decision to leave Clear Channel was a difficult one and I have great respect
for the Mays’ operation. However,
after carefully researching this opportunity, Cumulus is a company with
tremendous assets and talented people. I believe my skills as an operator will
help Cumulus to realize the cash flow potential of its significant radio
platform, and I’m excited to be a part of the Cumulus team.” Lew Dickey, Cumulus’ Chief
Executive Officer added, “We are very pleased to have Jon on our team.
He is an excellent operator and a consummate broadcast professional.
As President of CCU International Radio, Jon built an impressive track
record running over 300 stations, which would be the second largest group in the
U.S. in number of stations owned and top ten in terms of revenue and cash flow.
This experience, and Jon's highly successful track record with a radio
group similar to Cumulus in both size and scope, makes Jon ideally suited for
the role of Chief Operating Officer of Cumulus Media, Inc.”
Cumulus
Media Inc. is the parent company of Cumulus Broadcasting Inc., which along with
its other subsidiaries, owns and operates station clusters in 46 mid-size
markets. The Company commenced
operations May 22, 1997. Cumulus is one of the largest U.S. radio operating
companies based upon 227 stations owned or to be acquired pursuant to pending
acquisition agreements. For
any additional information, or to receive future Company news announcements
contact Jennifer McKillop at (404) 443-2017. ### For further information please contact:
Marty Gausvik (404) 949-0700 RETURN TO TOP
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