3-20-13
And they come at the very top of the company. It was on February 11 that Dial Global announced it was changing its three CEO structure. David Landau left the company, Ken Williams was named President, and Spencer Brown (pictured) kept the CEO title. Yesterday, both Brown and Williams resigned and 23-year Time Inc. executive Paul Caine was named CEO. This is a change that might have been in the works even before the February 11 announcement. CEO hires typically take a lengthy search and interview process.
A Dial Global press release states that both Brown and Williams will work with Caine to facilitate a smooth transition and will also remain shareholders of the company. Caine takes over April 5 during a challenging time for the network business. The competition is fierce, advertising has been weak due to a stagnant economy, and an explosion of new ways advertisers can reach consumers and the way consumers listen to audio are ever-changing targets.
Cain says, "Dial Global will propel the growth of audio as the essential medium for the mobile experience. We have premium content, top-tier distribution, and prestigious live event assets. Our opportunity is to expand these experiences for consumers, broaden our repertoire of content partners, and integrate our on-air, digital, and live event offerings to create compelling engagement for advertisers." Among the brands Caine will have to work with are the National Football League's primtetime games, playoffs, and the Super Bowl; CBS Radio News; NBC News Radio; and the upcoming launch of the 24-hour sports network with NBC Sports.
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