Jeffrey Hinson Named Pres./CEO Of Border Media Partners
June 21, 2007 at 11:20 AM (PT)
BORDER MEDIA PARTNERS (BMP) has tapped JEFFREY HINSON as President/CEO. Founder TOM CASTRO becomes Vice Chairman of the Board. The moves are effective JULY 1.
HINSON was previously Exec. VP/CFO of UNIVISION COMMUNICATIONS and before that was Sr. VP/CFO of UNIVISION predecessor HISPANIC BROADCASTING CORP. BMP operates 33 Spanish-language and Hispanic-focused English-language radio stations in SAN ANTONIO, AUSTIN, THE RIO GRANDE VALLEY, LAREDO, and WACO, TX.
"When I started BORDER MEDIA, my vision was to build a leading Spanish-language broadcasting company," said CASTRO. "Four years later, we now have 33 radio stations in attractive Hispanic/Latino markets and are well-positioned to build on this foundation going forward. JEFF is well-known and familiar with BMP's portfolio of radio stations, having worked with the company as a special advisor since 2006. I've wanted to recruit him to BORDER MEDIA for some time, and we are indeed fortunate to have a seasoned professional of his caliber to help take the company to the next level."
HINSON said, "I am very excited about joining BORDER MEDIA. Our investors, VESTAR CAPITAL PARTNERS, GOLDMAN SACHS URBAN INVESTMENT GROUP and DARBY OVERSEAS INVESTMENTS, have committed substantial financial and strategic resources to help fuel our growth. I look forward to working with TOM, the company's employees and our investors to position BORDER MEDIA as a leading company serving growing Hispanic communities throughout the U.S."
On MAY 31, VESTAR CAPITAL, GOLDMAN SACHS, and DARBY OVERSEAS INVESTMENTS invested $111 million in equity capital in the company and have committed substantial additional capital to support future growth. VESTAR Managing Director KEN O'KEEFE and GOLDMAN SACHS Managing Director KEVIN JORDAN will serve as co-Chairmen of the Board of Directors for BMP. Also on MAY 31, BMP closed on the previously announced acquisition of KTSA-A & KXJK/SAN ANTONIO from CBS RADIO.
"We are fortunate and delighted to recruit JEFF, an industry veteran, to join the BORDER MEDIA team," O'KEEFE said. "We look forward to his leadership, guidance and counsel in this new endeavor."
JORDAN said, "TOM CASTRO's vision started this journey, and we're excited to be working with TOM in his role as Vice Chairman, JEFF as CEO, and the many talented and enthusiastic employees that TOM brought together to build this company. TOM's contributions will be vital to helping us transform BORDER MEDIA into a multi-media stronghold in the Hispanic/Latino media industry."