Cumulus Names Steve Shaw President of Westwood One, Expanding His Cumulus Role Over National Advertising Sales


NEW YORK and ATLANTA, June 24, 2014 (GLOBE NEWSWIRE) -- Cumulus (Nasdaq:CMLS) announces the promotion of Steve Shaw to President of Westwood One, where he will expand his role as head of national spot sales for Cumulus' owned-and-operated stations to include all national and digital sales for Westwood One, effective immediately. Shaw is currently Senior Vice President of Cumulus National Sales, a position he has held since March, 2013. In Steve's new role he will oversee Westwood One Networks, Westwood One Sports, and Westwood One Digital, including Rdio and Cumulus National Sales, which will be renamed Westwood One Media Group. Shaw was previously President of Katz Radio Group and President of Cox Digital Solutions.

Lew Dickey, Chief Executive Officer of Cumulus, said: "Steve will drive the integration of our large stable of national media assets and advertising products under the Westwood One brand. His track record of success in both broadcast radio and digital media will be instrumental as Cumulus and Westwood One combine to provide a compelling new set of ad packages designed to meet the rapidly evolving needs of our advertisers."

Shaw said: "Westwood One brings to listeners and advertisers an incredibly powerful combination of great content across a multitude of distribution channels. With many of the most established brands in Sports, Talk, News and Entertainment, as well as emerging new brands including NASH and Rdio, the opportunities are significant. I am very excited to be working with the Westwood One team to create unique and effective solutions for our agency and client partners."

About Cumulus Media 

Cumulus Media (Nasdaq:CMLS) combines high-quality local programming with iconic, nationally syndicated media, sports and entertainment brands in order to deliver premium choices for listeners, provide substantial reach for advertisers and create opportunities for shareholders. Cumulus provides exclusive content that is fully distributed through approximately 460 owned-and-operated stations in 94 U.S. media markets (including eight of the top 10), more than 10,000 broadcast radio affiliates and numerous digital channels. Cumulus is well positioned in the widening digital audio space through a significant stake in the Rdio digital music service, featuring 25 million songs on-demand in addition to custom playlists and exclusive curated channels. Cumulus is also the leading provider of Country music and lifestyle content through its NASH brand, which will serve Country fans through radio programming, NASH magazine, concerts, licensed products and television/video. For more information, visit www.cumulus.com.



            

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