CBS Radio’s Mason Announces Retirement, Successor Is Named

Dan Mason, president and CEO of CBS Radio, announced his impending retirement in a memo to his colleagues
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NEW YORK�Dan Mason, president and CEO of CBS Radio, announced his impending retirement in a memo to his colleagues. CBS Corp. President and CEO Leslie Moonves then followed up with the news that Andre J. Fernandez will succeed Mason as CBS Radio president.

�After an unforgettable eight years leading CBS Radio, I am announcing today my retirement at the end of April,� Mason said in the memo. �Witnessing all that we�ve accomplished and knowing the bright future ahead for our company has not made this an easy decision. It has been an honor and privilege to serve as President and CEO and I want to express my gratitude to all of you.�

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Mason went on to say, �I couldn�t be more proud of our accomplishments � everything from creating new music formats, and launching sports on FM, to the evolution of Radio.com and now Play.it, our on-demand podcast network. We�ve made it easier than ever before for listeners to experience our content through new online, mobile and event platforms.�

He went on to note that he wants to pivot his focus to his personal life � focusing on family and retirement activities, like travel and hobbies. However, Mason will be available to consult for CBS and also intends to do work for the Broadcaster�s Foundation. Additionally, he will do play-by-play for some college basketball games, saying, �I guess you never get rid of the disc jockey blood you�re born with.�

Mason had two tenures with CBS: from 1995-2002 and returning in 2007. In total, he spent 17 years with the company.�

�Dan is a legendary leader in the radio business,� said Moonves. �His passion for the business is well-known, and is a major reason why he�s been able to turn around so many of our major market stations. Above all, he�s been a good friend and a superb colleague.�

Fernandez begins next week and will be based in New York. He will oversee the direction and management of the division, which includes 117 stations in 26 major markets as well as a growing collection of digital assets. He was most recently president and chief operating officer of Journal Communications.

Andre J. Fernandez

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Previously, Fernandez served in several executive positions at Journal Communications, a publicly traded diversified media company. Named president in 2012 and COO in 2014, he was responsible for operational oversight of Journal�s broadcast and publishing segments. He also served as the company�s chief financial officer from 2008-14.

Prior to Journal, Fernandez held a variety of financial leadership roles at the General Electric Co. Following GE/NBC�s acquisition of the Telemundo Communications Group in 2001, he was named senior vice president and CFO of Telemundo. During his tenure, he also led the acquisitions of Telemundo-RTI Studios and Tepuy International and helped create the Yahoo!Telemundo digital joint venture. Fernandez also held the positions of CFO and controller of GE Latin America; CFO of GE�s Digital Energy business; assistant treasurer of GE Corporate Treasury and CFO of GE Capital Information Technology Solutions.

Before joining GE, Fernandez was FP&A and treasury manager for the United Technologies Corp. in both the U.S. and Brazil. He began his career on Wall Street, first as a banking associate with Brown Brothers Harriman in New York and then as assistant vice president with Merrill Lynch�s emerging markets group. He is fluent in English, Spanish and Portuguese.

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