Excelsior To Operate WW1's 24/7 Music Formats
May 30, 2006 at 2:41 PM (PT)
WESTWOOD ONE announced today a multi-year management agreement with EXCELSIOR RADIO NETWORKS for the day-to-day operation of the WESTWOOD ONE 24/7 music formats. Under the agreement, EXCELSIOR RADIO NETWORKS, through its DIAL COMMUNICATIONS-GLOBAL MEDIA, will assume responsibility for affiliate sales and programming of the WESTWOOD ONE 24/7 music formats effective AUGUST 1, and oversight of all aspects of the formats -- including advertising sales -- effective 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 WESTWOOD ONE Pres. and CEO PETER KOSANN. "We will work hard over the coming weeks and months to ensure a seamless transition for our affiliates, advertisers, and employees."
"We are thrilled to expand our programming and marketing platform via a partnership with WESTWOOD ONE," commented EXELSIOR CEO SPENCER BROWN. "We plan to aggressively manage this product line by growing affiliations and introducing new formats."