Dial Global announced its merger with Westwood One is now closed. As of Monday the company will be listed on the NASDAQ under the symbol "DIAL". Dial Global?s executive team will be led by Spencer Brown, David Landau and Ken Williams. Former Westwood One President Rod Sherwood will remain on with the new company until November 15th and then he will move to an advisory role. Dial Global will continue to be headquartered in New York City, with regional offices across the United States in Atlanta, Chicago, Dallas, Denver, Detroit, Los Angeles, Miami, Nashville, San Francisco, Seattle, and Washington, DC.
Neal Schore, Chairman of Dial Global?s newly-constituted Board of Directors, commented, ?Dial Global has always been focused on serving the ever-evolving needs of the radio industry, and this transaction will expand the programming and service offerings sought by both radio stations and advertisers. On behalf of the board, I want to thank Rod Sherwood and the entire Westwood One team, whose tremendous efforts have helped make this transaction possible.?
?The combined platform provides a broader and more diverse range of programming and services to radio stations and advertisers than has ever been offered,? said Spencer Brown, David Landau and Ken Williams, managing partners of Dial Global. ?Dial Global remains committed to maintaining the high level of service and accountability that our customers have come to expect.?
