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Radio programming provider Westwood One Inc. announced today Thursday said President and CEO Peter Kosann will leave in 2008, and that it has hired Gary Yusko as chief financial officer, effective July 16. The changes come as the company continues to work towards terminating its management agreement with CBS Radio.
The company also announced that, effective immediately, David Hillman assumes the newly created role of chief administrative officer. In addition to continuing to serve as EVP, business affairs and general counsel, Hillman will have overall responsibility for the company’s corporate development and strategic direction and will assist the CEO in overseeing the day-to-day operations of the company.
The current management agreement, which ends in 2009, has CBS Radio overseeing Westwood One operations. Westwood One said in April that it would not renew the management agreement, but it extended a syndication deal in which Westwood One will provide content to CBS Radio through 2017, writes the Associated Press (via Forbes).
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
That was 8% higher than its telecast last year, Mediaweek writes. NBC estimated that a total 44.7 million viewers…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
