{"id":13637,"date":"2015-09-30T18:54:47","date_gmt":"2015-09-30T22:54:47","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=13637"},"modified":"2015-09-30T20:18:36","modified_gmt":"2015-10-01T00:18:36","slug":"who-is-jeffrey-marcus-and-how-did-he-take-control-of-cumukus","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=13637","title":{"rendered":"Who is Jeffrey Marcus and how did he take control of Cumulus?"},"content":{"rendered":"

biography on Bloomberg<\/a>
\nProfile at Crestview, the PE firm he represents<\/a><\/p>\n

His radio roots go back to Chancellor, which became AMFM radio, which was quickly merged into Clear Channel. He also was involved with Cable TV in the early days, and sold out to TCI. His formal education is a BA degree in Economics from Berkeley. His is also a director of the ADL, so Savage can relax about his job security.<\/p>\n

Crestview Capital (and Jeff Marcus) arrived at Cumulus as part of the transaction in 2011 where Cumulus acquired Citadel, getting 51 million shares of Class A stock, and options to buy another 7 million shares at $4.34 a share
\nDetails<\/a><\/p>\n

Crestview really becomes important with the Citadel merger.
\nSEC filing<\/a><\/p>\n

The “who’s who” behind that deal, and who probably yanked the ball away from the Dickeys:<\/p>\n