New Date Set For WW1 Vote
July 21, 2009 at 11:37 AM (PT)
WESTWOOD ONE has reset the date for the vote on its reverse stock split and increase in authorized shares for AUGUST 3rd.
The vote, delayed from JUNE 26th, will include proposals to increase authorized shares from 300 million to 5 billion, to reverse-split at a 200-into-1 ratio, to define the term "Continuing Directors," and delete certain provisions in the Certificate of Incorporation.
Wuensch Added To Board
In addition, on JULY 6, RONALD W. WUENSCH was elected to the Board of DIrectors of WESTWOOD ONE. WUENSCH, founder of WUENSCH CONSULTING who has served as a director at ION MEDIA NETWORKS, was nominated as one of the board members affiliated with the "Original Investor Stockholders" of the company.