In other news…
Cumulus Media, the second largest radio conglomerate in the country and home to Rush Limbaugh and Sean Hannity, underwent a board shakeup in which brothers Lew and John Dickey have been removed from their No 1 and No. 2 posts at the company.
Cumulus’ stock has fallen by 18% this year, and a share of stock is now trading at 69 cents.
That’s right. A can of Pepsi is now worth more than a share of Cumulus stock.