SMG Upheaval: New Board Mambers, CEO
March 5, 2007 at 5:50 AM (PT)
UK broadcaster SMG names former PLANET 24 Managing Director and current Chairman of CHORION and ASOS Lord WAHEED ALLI and former SCOTTISH RADIO HOLDINGS Director JAMIE MATHESON to its board as non-executive directors, according to the GUARDIAN. SMG ousted most of its board last week (with DAVID SUNN, STEVE MAINE, MARTYN SMITH, MT RAINEY, and TIM GARDAM resigning and acting CEO DONALD EMSLIE staying on) and named former CHANNEL 4 executive ROB WOODWARD as CEO after talks to merge with UTV were called off.
SMG will delay its 2006 preliminary earnings report to APRIL 12 to allow the new management to review strategy and options.