The biggest fireworks of late are happening at Cumulus Media, the second-largest radio broadcaster in the US but a company struggling with massive debt and depressed shares. Effective October 13th, Lew Dickey will relinquish his CEO and president stripes, and pasture into a Vice Chairman title. Board member Mary Berner will assume the leadership role. Cumulus is currently saddled with more than $2.5 billion in debt, with shares slumping more than 80% this year.
Elsewhere, staffers are getting trimmed at Harry Fox Agency (HFA) as part of its acquisition by SESAC. Billboard reports that roughly 30 staffers have either been outright released or are being transitioned out; roughly 30 percent are ultimately expected to lose their positions.
Also in the publishing sphere, Universal Music Publishing Group has bumped a trio of UK-based A&R executives. Caroline Elleray now shifts into a Vice President of A&R role, while Frank Tope will assume Senior Director of A&R stripes. Mark Gale has been named Director of UK A&R / Director of International A&R.
Back across the pond in NYC, Jedd Katrancha has been named Executive Vice President of Downtown Music Publishing.
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Over at WMG-owned Alternative Distribution Alliance (ADA), David Orleans elevates to President of Sales and Label Management, while Kenny Weagly bumps to President of A&R and Label Services.
In the ad space, longtime Naxos CEO Jim Selby has now been named President of AdShare, which focused on monetization of social media platforms for music, film, television, and sports clientele.
Live Nation Entertainment has tapped Carrie Davis as Chief Communications Officer. Davis comes over from Disney Interactive.
Also in the live sphere, longtime The Agency Group (TAG) vet Dave Kaplan is now departing to bolster the music division of Paradigm Talent Agency.
And, longtime Nonesuch Records President Bob Hurwitz will be phasing out of his day-to-day role. Hurwitz will remain President through 2016 before assuming a Chairman Emeritus title in 2017.
Image by Richard Rutter, licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0).