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Lew Dickey UPDATE

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Colonel Flagg
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Lew Dickey UPDATE

Post by Colonel Flagg » Tue Sep 03, 2019 7:12 am



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lovinlife101
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Re: Lew Dickey UPDATE

Post by lovinlife101 » Tue Sep 03, 2019 6:17 pm

Lewd Dicky! I love Lewd Dicky! Richard Head is one of my favorites too!



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Colonel Flagg
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Re: Lew Dickey UPDATE

Post by Colonel Flagg » Fri Sep 06, 2019 10:39 am

I would enjoy seeing what MW thinks of Lew's latest caper. Will Lew still be able to close the deal? Will SONG hit 400 bucks a share? Stay tuned. :rollin


"Nobody can get the truth out of me because even I don't know what it is. I keep myself in a constant state of utter confusion."

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Ed Joseph
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Re: Lew Dickey UPDATE

Post by Ed Joseph » Thu Sep 26, 2019 7:37 pm

Well, it's the 26th, and???


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MWmetalhead
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Re: Lew Dickey UPDATE

Post by MWmetalhead » Fri Sep 27, 2019 6:26 pm

Akazoo is a good company, from what I've read. It is basically Asia and Africa's version of Spotify.

Unfortunately, I have no confidence in Lew Dickey's ability to guide that company properly. His reign at Cumulus speaks for itself. He'll probably run Akazoo into the ground, along with some add-on acquisitions that will probably occur in the next few years.


Caroline Beasley is ruining WRIF. What a bitch!!!

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Colonel Flagg
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Re: Lew Dickey UPDATE

Post by Colonel Flagg » Mon May 04, 2020 3:27 pm

MWmetalhead wrote:
Fri Sep 27, 2019 6:26 pm
Akazoo is a good company, from what I've read. It is basically Asia and Africa's version of Spotify.

Unfortunately, I have no confidence in Lew Dickey's ability to guide that company properly. His reign at Cumulus speaks for itself. He'll probably run Akazoo into the ground, along with some add-on acquisitions that will probably occur in the next few years.
"Dickey Lew...before Lew can Dickey you..." :rollin

http://www.insideradio.com/free/lew-dic ... d06b2.html

Quote: Nasdaq suspended trading Akazoo, which trades as “SONG,” Friday afternoon. :lol


"Nobody can get the truth out of me because even I don't know what it is. I keep myself in a constant state of utter confusion."

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Colonel Flagg
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Re: Lew Dickey UPDATE

Post by Colonel Flagg » Wed May 06, 2020 12:53 pm

MW, give us your take on this. You are the go-to guy for all of this high finance stuff!


"Nobody can get the truth out of me because even I don't know what it is. I keep myself in a constant state of utter confusion."

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Colonel Flagg
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Re: Lew Dickey UPDATE

Post by Colonel Flagg » Fri May 29, 2020 11:18 am

Now there's news that Lew is trying to undo the acquisition of Akazoo by his "blank check" media company. I imagine the other investors are not pleased with this situation. :lol


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MWmetalhead
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Re: Lew Dickey UPDATE

Post by MWmetalhead » Sat May 30, 2020 7:29 am

Some of you may have missed this earlier thread from me:

https://www.mibuzzboard.com/phpBB3/view ... ey#p606699

Even if the acquisition were to be unwound, what good would that do for Dickey and his dopey Modern Media Acquisition Co. investors? They want to be reimbursed for their losses. Good luck with that! They are going to have sue and attempt to disgorge funds from Akazoo's founder and seller, Mr. Zervos.

Good article from Forbes:
https://www.forbes.com/sites/nathanielb ... 5838c45440

Another one from Inside Radio:
http://www.insideradio.com/free/lew-dic ... e19a0.html

Lew Dickey is the last fucking person on the planet I'd trust to invest my money wisely!!! He obviously did a miserable job of due diligence pre-acquisition. Does that surprise anyone?

It wasn't Lew Dickey or a professional firm engaged by Lew Dickey who flushed out the perpetuation of financial statement fraud. It was Quintessential Capital Management - a hedge fund - who flushed it out and brought it to the forefront. If not for QCM's actions, Lew would probably still be oblivious.

Oh, did I mention that, at least initially, Lew denied the validity of QCM's allegations? He better cover his ass. He, too, might be facing class action lawsuits from his Modern Media Acquisition Co. shareholders at some point!

https://www.allaccess.com/net-news/arch ... castle-of-

P.S...read the comments that appear below the All Access article. Good stuff.


Caroline Beasley is ruining WRIF. What a bitch!!!

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WOHO
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Re: Lew Dickey UPDATE

Post by WOHO » Sat May 30, 2020 10:36 pm

The comments on Lew Dickey, Jr. are priceless, because those come from those who have been personally screwed by the Dickey's. Before this all hit, a former Cumulus employee got wind that Lew was even trying to acquire some stations again!



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Colonel Flagg
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Re: Lew Dickey UPDATE

Post by Colonel Flagg » Mon Jun 01, 2020 11:01 am

MWmetalhead wrote:
Sat May 30, 2020 7:29 am
Some of you may have missed this earlier thread from me:

https://www.mibuzzboard.com/phpBB3/view ... ey#p606699

Even if the acquisition were to be unwound, what good would that do for Dickey and his dopey Modern Media Acquisition Co. investors? They want to be reimbursed for their losses. Good luck with that! They are going to have sue and attempt to disgorge funds from Akazoo's founder and seller, Mr. Zervos.

Good article from Forbes:
https://www.forbes.com/sites/nathanielb ... 5838c45440

Another one from Inside Radio:
http://www.insideradio.com/free/lew-dic ... e19a0.html

Lew Dickey is the last fucking person on the planet I'd trust to invest my money wisely!!! He obviously did a miserable job of due diligence pre-acquisition. Does that surprise anyone?

It wasn't Lew Dickey or a professional firm engaged by Lew Dickey who flushed out the perpetuation of financial statement fraud. It was Quintessential Capital Management - a hedge fund - who flushed it out and brought it to the forefront. If not for QCM's actions, Lew would probably still be oblivious.

Oh, did I mention that, at least initially, Lew denied the validity of QCM's allegations? He better cover his ass. He, too, might be facing class action lawsuits from his Modern Media Acquisition Co. shareholders at some point!

https://www.allaccess.com/net-news/arch ... castle-of-

P.S...read the comments that appear below the All Access article. Good stuff.
Thanks for the update, MW. As you may or may not know, Lew has a degree from Harvard, in Business Finance. :lol


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MWmetalhead
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Re: Lew Dickey UPDATE

Post by MWmetalhead » Sat Jun 06, 2020 7:11 am

Cumulus recently applied - and received FCC approval for - a 100 percent foreign ownership waiver.

That immediately caused me to wonder if Akazoo was in talks with Cumulus to purchase them. (Strategically, such a a marriage would be a poor fit.)

With the financial and legal turmoil Akazoo is now experiencing, I can probably safely say there is ZERO chance of such a deal ever happening now!

For a great laugh - look at Akazoo's stock chart.

https://finance.yahoo.com/quote/SONG/chart?p=SONG

The Company's stock didn't just tank on the fraud news, it also tanked big time in August 2019 (dropped about 50%), immediately preceding its merger with Lew Dickey's Modern Media Acquisition Co.

Talk about omens...guess which date the merger closed? That's right - SEPTEMBER 11 of 2019. How fitting.


Caroline Beasley is ruining WRIF. What a bitch!!!

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WOHO
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Re: Lew Dickey UPDATE

Post by WOHO » Fri Jun 19, 2020 12:55 am

How can an American (or Canadian) broadcaster be more than 49% foreign-owned? Isn't that what killed The Big 8 when RKO couldn't own CKLW?



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MWmetalhead
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Re: Lew Dickey UPDATE

Post by MWmetalhead » Sat Jun 20, 2020 1:20 pm

How can an American broadcaster be more than 49% foreign-owned?

Simple. The FCC is (evidently) now willing to approve waivers.

If you think that's crazy, there's an obscure daytime-only AM station in the Washington, D.C. area that runs propaganda promoting the Chinese communist government.


Caroline Beasley is ruining WRIF. What a bitch!!!

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audiophile
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Re: Lew Dickey UPDATE

Post by audiophile » Sun Jun 21, 2020 7:11 am

I disagree with the FCC's waiver in this case. I might agree with on a single station in a border town with a mixed nationality/heritage owner.

There is also a Russian propaganda station somewhere in the Midwest.


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