NEW YORK, Aug. 30 /PRNewswire-FirstCall/ -- Westwood One
(Nasdaq: WWON) announced today that Norman
J. Pattiz, the Company's founder, is retiring from the Board
as Chairman Emeritus, and has signed a new contract as a Consultant
to the Company. He will be succeeded as Chairman by Mark Stone, Senior Managing Director of the
Gores Group. In his consulting role, Pattiz will work closely with
Stone and the Company's senior management.
"As Chairman, my mandate is to drive customer-oriented
initiatives that will further strengthen Westwood One's leading
market position," said Stone. "We are fortunate to have Norm's
continuing expertise as we build the Company's future."
"I've been sitting in the same seat for over 30 years, and will
continue to do so as a Consultant to the Company," said Pattiz.
"I am, however, relinquishing my seat at the Board table.
This allows me to play an active role at the Company I founded,
working with people that I admire and respect, while continuing the
other activities that are very important to me." Pattiz serves as
Chairman of the Department of Energy's Los Alamos and Laurence Livermore National
Security Laboratories, and as a Regent of the University of California.
In 2009, Pattiz was inducted into the National Radio Hall of
Fame, and received a "Giants of Broadcasting" Award from the
Library of American Broadcasting.
"Norm's programming experience, extensive contacts, and customer
focused insights are extremely valuable to the Company, and I look
forward to continuing our partnership," said Company President,
Rod Sherwood.
About Westwood One
Westwood One (NASDAQ: WWON) is one of the nation's largest
providers of network radio programming and one of the largest
domestic providers of traffic information in the U.S. Westwood One
serves more than 5,000 radio and 165 TV stations in the U.S.
Westwood One provides over 150 news, sports, music, talk and
entertainment programs, features and live events to numerous media
partners. Through its Metro Traffic business, Westwood One provides
traffic reporting and local news, sports and weather to more than
2,250 radio and TV stations. Westwood One also provides digital and
other cross-platform delivery of its Network Radio and Metro
Traffic content to over 700 radio, television and newspaper
affiliates.
www.westwoodone.com
SOURCE Westwood One
Copyright . 30 PR Newswire
