Cumulus Media has recruited veteran media finance exec John Toohey as VP of Finance. Toohey will work on financial planning and analysis, budgeting and special projects, reporting to John Abbot, Executive VP & Chief Financial Officer. Based in New York City and at Cumulus headquarters in Atlanta, Toohey replaces David Elrod who was Senior Director of Finance since May 2017.
Toohey brings extensive media finance experience from the cable TV industry. Until May 2019 he spent 12 years with Charter Communications and its predecessor, Time Warner Cable (TWC), where he most recently was Group VP, Media Sales Finance, Spectrum Reach. Toohey’s media finance background also includes five years with NBC, seven years with CBS and four years with Cablevision.
Toohey also currently serves as Treasurer and ex-oficio member of the Board of Directors for the Interactive Advertising Bureau (IAB), the trade group for the digital media advertising industry, a position he has held since April 2014.
“John Toohey is a high caliber professional who brings deep and relevant experience to Cumulus,” Abbot said in a news release. “We are very excited to add such a strong player to the finance and accounting team.”
Toohey holds an MBA from Columbia Business School and a bachelor’s degree in Government from Harvard University. It was at Harvard where he got his first hands-on radio experience, working at student radio station WHRB (95.3) Boston. “I am pleased to join Cumulus Media and to come full circle, having started my media career at WHRB-FM,” Toohey said. “I am excited to work with John Abbot and the rest of the incredible team at Cumulus.”