Geraldo Rivera has followed through on his threats and is suing Cumulus Media over not honoring a handshake agreement he made with former Chairman Lew Dickey to extend his contract for an additional year.
Bloomberg reports that Rivera was e-mailed by Executive Vice President John Dickey on September 30 stating, “Thanks Geraldo. I admire your work and your loyalty. Glad you will be covering the election on 77 WABC next year…”
Lew and John Dickey were fired the previous day with Mary Berner being named the new CEO.
Original Report 11/27: Geraldo Rivera states that his contract to continue hosting his 10am to 12pm show on Cumulus Conservative Talk 770 WABC New York is not being renewed.
In a Facebook posting, Rivera wrote that new Cumulus CEO Mary Berner and New York Market Manager Chad Lopez have reneged on a handshake agreement that he had with former CEO Lew Dickey to extend his contract for an additional year.
Rivera had joined Cumulus at the beginning of 2012 to host local 10am-12pm shows at WABC and sister 790 KABC Los Angeles. In August 2012 the show was placed in national syndication airing from 9am-12pm eastern. At the beginning of 2014 the show transitioned to being local only to New York.