Dial Global Completes Merger with Westwood One
Oct 24, 2011 12:32 PM
New York - Oct 21, 2011 - Dial Global has completed its merger with Westwood One in a stock-for-stock transaction. The merger creates a radio programming, services and advertising sales company providing more than 200 radio programs and services to more than 7,000 stations. Effective Oct. 24, 2011, 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. 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.
The new Board of Directors will consist of nine directors, of whom three are classified as independent. The board will be led by Neal Schore as chairman. The independent directors include Peter Murphy, Jules Haimovitz and Mel Ming, each of whom has enjoyed a distinguished career in the media and entertainment industry.
The transaction is expected to close in the fourth quarter 2011....