Gary Lawrence Rises To First B'casting CEO
January 2, 2007 at 3:28 PM (PT)
DALLAS-based FIRST BROADCASTING INVESTMENT PARTNERS LLC has tapped current Pres./Vice Chairman GARY LAWRENCE as CEO. Simultaneously, senior execs HAL ROSE, BOB DENNY and STEVE KOVAC were named by LAWRENCE to the newly established executive committee. Founder and former CEO RONALD UNKEFER will serve as non-executive Chairman of the Board and will continue to direct FIRST's software development initiatives.
"In the 15 years since I founded FIRST BROADCASTING, our company has been the definitive leader in the complex, lengthy and capital intensive area of spectrum maximization," UNKEFER said. "During my tenure as CEO, FIRST BROADCASTING has created substantial new value for dozens of private broadcasters and over half of the nation’s publicly traded radio groups. And equally importantly, we have worked closely with the FCC to advance regulatory initiatives that will benefit our industry and the communities we serve for decades to come. GARY LAWRENCE has been at my side for well over half of that time, and his intelligence, expertise and determination have played an integral role in all of these accomplishments. I look forward to further company success under his leadership as CEO."
Having the privilege of following in the footsteps of Ron Unkefer, one of the true pioneers in RF spectrum allocation, is indeed humbling.
LAWRENCE said, "No other broadcast investor in the country has a finer management team or more expertise in the areas of capital deployment, RF spectrum allocation, signal propagation, and software development. Having the privilege of following in the footsteps of RON UNKEFER, one of the true pioneers in RF spectrum allocation, is indeed humbling. Our team is extraordinarily excited about the future of terrestrial radio and media investing and looks forward to continuing the company’s traditions of innovation and financial success."
Before joining FIRST, LAWRENCE was a management committee partner in the international law firm of AKIN, GUMP, STRAUSS, HAUER & FELD LLP.