the gores group

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March 3, 2009

Westwood One To Refinance Capital Structure

WESTWOOD ONE, INC. has reached an agreement in principle with its existing lenders to refinance all of its outstanding long term indebtedness (approximately $241 million in principal amount) in exchange for $25 million in cash, a series of new senior … more »
October 20, 2008

Rod Sherwood Named Pres. At Westwood One

In breaking news over the weekend (NET NEWS 10/18), ALL ACCESS reported that WESTWOOD ONE President/CEO THOMAS BEUSSE had left the company after less than a year in place (NET NEWS 10/18). BEUSSE succeeded PETER KOSANN, coming from TIME4 MEDIA, when he … more »
September 17, 2008

Westwood One Names Rod Sherwood CFO

WESTWOOD ONE has hired ROD SHERWOOD as CFO, effective TODAY (9/17). SHERWOOD joins WESTWOOD ONE from THE GORES GROUP, LLC. In announcing SHERWOOD's appointment, Pres./CEO THOMAS BEUSSE said, "We are pleased to have someone of ROD's operational and … more »
February 25, 2008

Gores Group To Invest Up To $100M In Westwood One

WESTWOOD ONE announced TODAY that it and funds managed by THE GORES GROUP, LLC, a private equity firm headquartered in LOS ANGELES, CA, have executed a purchase agreement pursuant to which GORES will make an equity investment of up to $100 million in … more »