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SBD/April 30, 2014/Facilities
Political Mistakes Likely To Curb Giants' Development Plans Around AT&T Park
Published April 30, 2014
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NEW KID ON THE BLOCK: Cumulus Media Chair, President & CEO Lew Dickey yesterday revealed at the end of an earnings call that the company has sold its minority stake in the Giants to an undisclosed buyer for $13.5M. A Cumulus spokesperson told THE DAILY this morning that the company owned "a little less than two percent" of the club, and the transaction occurred within the past month. Atlanta-based Cumulus owns several sports radio stations, including the Bay Area's KNBR, the Giants rights holder since '79 (David Brougton, Research Director).