ATLANTA, Aug. 22, 2022 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) at present introduced that Deborah Farrington, Co-Founder and Managing Partner of StarVest Partners, LP, has been appointed to the Cumulus Media Board of Directors.
“Deborah is a highly respected and accomplished venture capital pioneer and experienced board member of Fortune 500 and leading public technology companies,” stated Mary G. Berner, President and Chief Executive Officer of Cumulus Media. “As such, Deborah brings valuable strategic insights that will support the execution of our audio-first strategy and nicely complement our existing Board expertise. We are confident that Deborah’s proven business acumen will be a great asset in the boardroom as we build on the strong results that our business plan has delivered to date. We are thrilled to welcome her to our Board of Directors.”
“I am honored to join the Cumulus Media Board at such an exciting time for the Company,” stated Farrington. “Cumulus offers a highly attractive experience for both listeners and advertisers, and I have been particularly impressed by the rapid expansion of its digital businesses. I am looking forward to working with my fellow Board members and the management team to drive further growth and long-term value for Cumulus shareholders.”
About Deborah Farrington
Deborah is co-founder and managing associate of New York City-based StarVest Partners, based in 1997 to spend money on technology-enabled business companies. StarVest is one of the most important ladies majority-owned enterprise capital corporations. In addition, she is a director of NCR, Inc. (NYSE: NCR), Ceridian HCM Holdings, Inc. (NYSE: CDAY), and RedBall Acquisition Corp. (NYSE: RBAC), and has chaired all main board committees. Formerly, she was lead director of NetSuite prior to its acquisition by Oracle in 2016. Earlier in her profession, she was CEO of Victory Ventures, a multi-strategy funding agency headquartered in New York City, a managing director of Asian Oceanic Group in New York and Hong Kong, and an funding banker and division director of Merrill Lynch in New York, Hong Kong, and Tokyo. She started her profession on the Chase Manhattan Bank.
She has been named a number of occasions to the Forbes Midas List of Top 100 Venture Capitalists and in 2018 acquired the Foreign Policy Association Medal for Achievement in Financial Services. She acquired an MBA from the Harvard Business School the place she has served on the Visiting Committee and is a graduate of Smith College the place she has served on the Board of Trustees.
About Cumulus Media
Cumulus Media (NASDAQ: CMLS) is an audio-first media firm delivering premium content material to over 1 / 4 billion individuals each month — wherever and each time they need it. Cumulus Media engages listeners with high-quality native programming by means of 405 owned-and-operated radio stations throughout 86 markets; delivers nationally-syndicated sports activities, information, speak, and leisure programming from iconic manufacturers together with the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and lots of different world-class companions throughout greater than 9,500 affiliated stations by means of Westwood One, the most important audio community in America; and conjures up listeners by means of the Cumulus Podcast Network, its quickly rising community of authentic podcasts which are good, entertaining and thought-provoking. Cumulus Media supplies advertisers with private connections, native affect and nationwide attain by means of broadcast and on-demand digital, cell, social, and voice-activated platforms, in addition to built-in digital advertising companies, highly effective influencers, full-service audio options, industry-leading analysis and insights, and dwell occasion experiences. Cumulus Media is the one audio media firm to present entrepreneurs with native and nationwide promoting efficiency ensures. For extra info, go to www.cumulusmedia.com.
For additional info, please contact:
Cumulus Media Inc.
Investor Relations Department
[email protected]
404-260-6600
