Dial Global Names Paul Caine CEO As Spencer Brown And Ken Williams Exit
March 19, 2013 at 6:22 AM (PT)
DIAL GLOBAL has named PAUL CAINE as CEO and a member of the Company's Board of Directors, effective APRIL 5th. CAINE's appointment coincides with the resignation of DIAL GLOBAL's existing CEO SPENCER BROWN and President KEN WILLIAMS.
CAINE joins DIAL GLOBAL after spending the past 23 years at TIME INC., leading the development of digital formats for some of the world's most storied media brands.
"DIAL GLOBAL will propel the growth of audio as the essential medium for the mobile experience," said CAINE. "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."
"The audio medium is ripe for expansion across the ever-increasing number of platforms that consumers use," said Chairman NEAL SCHORE. "PAUL has the vision and experience to build audio assets into high engagement opportunities that connect marketers with consumers everywhere and on every listening platform."
"Along with our former partner DAVID LANDAU, KEN and I have taken Dial Global a long way," said BROWN. "Now the Company needs a chief executive with a different skill set to steer it through its next phase of growth. We believe PAUL is uniquely well-qualified to do just that."
"On behalf of DIAL GLOBAL's Board of Directors, I want to thank SPENCER and KEN for their significant contributions to the business," said SCHORE. "They have built a powerful platform that has delivered meaningful value over the years to DIAL GLOBAL's advertisers, radio stations and content partners."