CBS Radio CEO Dan Mason Extends Deal, CFO Anton Guitano Now COO Local Media
Part Of Strategic Restructuring
November 10, 2009 at 1:31 PM (PT)
CBS RADIO Pres./CEO DAN MASON has inked a contract extension as part of a strategic restructuring of the company's local broadcast operations for better synergy and alignment with the local TV outlets. He will retain control over the radio division which he's overseen since 2007. Also, CBS RADIO CFO ANTON GUITANO will become COO of CBS LOCAL MEDIA for the company's new local broadcasting business segment.
GUITANO reports CBS CORP. Pres./CEO LESLIE MOONVES. In his new role as COO of LOCAL MEDIA, GUITANO will also report to CBS RADIO Pres./CEO DAN MASON and PETER DUNN, the new CBS TELEVISION STATIONS President, helping to drive each division's ongoing financial, strategic and operating objectives. In addition, GUITANO will also lead CBS' efforts to capitalize on its local news and Internet properties.
MOONVES said, "ANTON is an executive with unique experience and understanding of both television and radio. He has been highly effective in his prior role at our radio group, working closely with DAN MASON, and before that was equally effective at the CBS TELEVISION STATIONS. We look forward to the contribution he will make in our new, coordinated local operation."
MOONVES also noted, "DAN is, quite simply, the best executive in the radio business. He has unparalleled gifts as a programmer, and knows how to turn that grasp of our on-air product into improved ratings and financial performance. We couldn't be more pleased that DAN will continue to provide his leadership skills for years to come, joining with ANTON and PETER to help make this new local media group a growth engine for CBS."