Cumulus Media’s Chief Financial Officer To Exit

Cumulus Media has announced that Exec. VP and Chief Financial Officer John Abbot will leave the company in March. Cumulus Media is conducting a search for a successor.

Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, “On behalf of the Board and the entire Company, I would like to thank John for his many contributions to Cumulus and for the strong finance and accounting organization he has helped build. After nearly four years of commuting to Atlanta from Connecticut, it’s understandable that John has decided to pursue new opportunities at a company based closer to his home. We appreciate his continued support through the transition and wish him all the best in his future endeavors.”

Ms. Berner continued, “Business will continue as usual at Cumulus with our focus remaining on the execution of our key strategic initiatives—enhancing operational performance, growing our digital businesses, and optimizing our asset portfolio—while making progress on our financial goals for the benefit of all of our stakeholders.”

“It has been a privilege and tremendously rewarding to work with Mary and the rest of the Cumulus team, and I am truly proud of our many accomplishments over these past several years,” Abbot said. “I am confident in the Company’s ongoing ability to achieve its objectives, and I look forward to following Cumulus’s continued success in the years ahead.”

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Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at [email protected]

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