Cumulus Loses Financial Officer Amid Radio Struggles

Atlanta Business Journal: Cumulus Media CFO Joseph P. Hannan has left the company after six years “to pursue other interests.” The Atlanta-based radio giant, which lost $546.5 million in 2015, named John F. Abbot its new CFO as of July 1. Abbot recently was CFO of Telx Holdings, a provider of connectivity, co-location and cloud services in the data center industry.