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Excelsior to Take over Westwood One Formats
Excelsior Radio Networks is taking over day-to-day control of Calif.-based Westwood One’s eight 24/7 music formats, according to a multi-year deal announced Tuesday, Radio Ink writes. Beginning August 1, Excelsior’s Global Media division of Dial Communications will assume responsibility for affiliate programming and sales of the Westwood One formats, while the company will gain full responsibility for the formats, including advertising sales, January 1, 2007.
“This partnership will enable Westwood One to focus on its other programming and new media initiatives, while benefiting economically from this platform,” said Peter Kosann, Westwood One president and CEO. “We will work hard over the coming weeks and months to ensure a seamless transition for our affiliates, advertisers, and employees.”