Posted by chicagomedia.org on November 10, 2009 at 17:31:23:
CBS Corp. Restructures, Dan Mason Signs Contract Extension
November 10, 2009
CBS Corporation has announced a strategic restructuring of its local broadcasting operations, putting in place a new management team to guide the new local broadcasting segment of the company. As part of the new structure, Anton Guitano, who has served as CFO and Senior EVP of Operations for CBS Radio, will become COO of CBS Local Media for the company's new local broadcasting business segment. Guitano will report to Leslie Moonves, President/CEO of CBS Corporation, CBS Radio President/CEO Dan Mason and Peter Dunn, the new President of CBS Television Stations.
"Anton is an executive with unique experience and understanding of both television and radio," said Moonves. "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."
CBS also announced that Dan Mason, who has headed CBS Radio since 2007, has signed a contract extension to remain as head of the division.
"Dan is, quite simply, the best executive in the radio business," said Moonves. "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."
Commenting on CBS' new Local strategy, Moonves said, "This is a good time for this move. Our TV and radio stations are gaining momentum week by week and are operating from a position of strength. I look forward to working with this creative and seasoned team of managers as we capitalize on the developing recovery and build a new paradigm for the future growth of our local businesses."
(FMQB)