Board Appointment - Steven M Galbraith appointed to Cumulus Media's Board of Directors [1] - Galbraith is a longtime shareholder and managing member of Kindred Capital Advisors LLC, one of the largest shareholders of Cumulus Media [2] - Galbraith brings extensive financial services experience including roles as Chief Investment Officer at Morgan Stanley and managing member of Herring Creek Capital [2] Professional Background - Galbraith has a strong investment management background with experience at Maverick Capital and as an Adjunct Professor at Columbia University Business School [2] - Previously served as advisor to the Office of Financial Research, an independent bureau reporting to the US Treasury [2] Non-Profit Involvement - Galbraith serves on boards of various non-profit organizations including Tufts University, National Constitution Center, and Success Academy Charter Schools [3] - Currently sits on boards of Third Way, Educational Equity Lab, and American Friends of Hebrew University Endowment [3] Company Overview - Cumulus Media is an audio-first media company reaching over 250 million people monthly [4] - Operates 400 radio stations across 84 markets and partners with major brands like NFL, NCAA, and AP News [4] - Westwood One, Cumulus' audio network, reaches over 9,800 affiliated stations nationwide [4] - Offers integrated digital marketing services, influencer partnerships, and live event experiences [4]
Cumulus Media Appoints a Top Shareholder Steven M. Galbraith to Board of Directors