Salem Shuffles Top Exec Duties
June 25, 2007 at 6:02 PM (PT)
SALEM COMMUNICATIONS CORP. shuffles its top management, with director and Audit Committee Chairman ERIC HALVORSON named President/COO, Pres./CEO ED ATSINGER retaining the CEO title, and EVP/COO JOE D. DAVIS moving to Division President, Radio. In addition, EVP-New Business Development and CFO DAVID A.R. EVANS will take the title of Division President, New Business Development, Interactive and Publishing, while VP-Accounting and Finance EVAN D. MASYR is named SVP/CFO.
ATSINGER, who along with Chairman STUART EPPERSON has inked a new three year deal with the company, says, "SALEM finds itself with opportunities and challenges in both our core broadcasting business and our developing new media businesses, and we have determined that each area requires uniquely-focused leadership. Our Board of Directors and I have analyzed a number of options and have agreed on a restructuring plan that will maximize the talents of our executive team and enhance our overall operational efficiency."