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CBS Radio Names Dan Mason President and CEO

PRESS RELEASE


DAN MASON NAMED PRESIDENT AND CHIEF EXECUTIVE OFFICER,

CBS RADIO

Industry Veteran and Former President of CBS Radio Returns to Lead the Division



Dan Mason has been named President and Chief Executive Officer of CBS Radio, it was announced today by Leslie Moonves, President and Chief Executive Officer, CBS Corporation (NYSE: CBS.A and CBS). Mason will oversee CBS Radio's 144 radio stations, as well as the day-to-day operations of the division. He will report directly to Moonves.

"Dan brings with him a wealth of diverse experience and a true passion for the radio business," said Moonves. "He is a well known and respected leader within the industry and our Company, and his perspectives on how radio can thrive and grow in our highly competitive media world are very exciting. Dan has a key understanding of the huge potential of our radio operations, and we are very pleased indeed to welcome him back to CBS."

"Radio reaches more than 90% of the population of the United States , and there is no better medium to call our listeners to action and deliver results for our advertisers," said Mason. "The combination of our premiere content with new technology applications will enable CBS Radio to move to a new plateau. Exciting times are ahead for our industry and especially at CBS."

Mason returns to CBS Radio after serving as an adviser and consultant to CBS and other domestic and international companies in the radio broadcasting industry for the past five years. Prior to that, Mason was President of CBS Radio from 1995 to 2002. As the executive responsible for operating the group's 184 stations in the largest markets across the United States, Mason successfully integrated the original CBS, Group W, Infinity Radio and American Radio Systems stations, among the most venerable radio broadcasting groups in the country, by merging operations, blending business styles and increasing profitability.

Mason joined Westinghouse as President of Group W Radio in 1993. He began his career in radio in 1975 at WZGC-FM in Atlanta . In 1977, he moved to Washington , DC , where he was that station's Program Director as well as National Program Director for First Media, the parent company. In 1979, at the age of 27, he was named Vice President/General manager of KTSA/KTFM in San Antonio . Mason later returned to First Media where he was named Executive Vice President. When First Media became Cook Inlet Radio Partners, he was named that organization's President in 1988.

A native of Louisville , KY , Mason graduated from Eastern Kentucky University with a Bachelor of Science degree in Broadcasting, and in 2006 was given an honorary Doctorate of Humanities from that institution. He has two sons and resides in suburban Washington , DC .

At the same time, the Company announced that after more than two years as Chief Executive Officer of CBS Radio, Joel Hollander has stepped down from his position. Hollander joined the company in 2003 as President and Chief Operating Officer.

"We want to thank Joel for all his years of service to our company, and wish him the best in his future endeavors," said Moonves.

CBS Corporation (NYSE: CBS.A and CBS) is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW – a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime and CSTV Networks), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products), video/ DVD (CBS Home Entertainment) and motion pictures (CBS Feature Films). For more information, log on to www.cbscorporation.com
 
As hinted earlier today on ALL ACCESS, DAN MASON has indeed been named President/CEO of CBS RADIO. MASON will oversee CBS's 144 radio stations, as well as the day-to-day operations of the division. He replaces JOEL HOLLANDER and reports directly to CBS CORP. President/CEO LESLIE MOONVES.

This move once again puts MASON, who has been partners with WALTER SABO in SABO MASON INTERNATIONAL INITIATIVES, at the head of a number of facilities he ran before. He was President of CBS RADIO from 1995 to 2002, during which time he integrating the original CBS, GROUP W, INFINITY RADIO and AMERICAN RADIO SYSTEMS stations. MASON joined WESTINGHOUSE as President of GROUP W RADIO in 1993.

"DAN brings with him a wealth of diverse experience and a true passion for the radio business," said MOONVES. "He is a well-known and respected leader within the industry and our company, and his perspectives on how radio can thrive and grow in our highly competitive media world are very exciting. DAN has a key understanding of the huge potential of our radio operations, and we are very pleased indeed to welcome him back to CBS."

MASON said, "Radio reaches more than 90% of the population of the UNITED STATES, and there is no better medium to call our listeners to action and deliver results for our advertisers. The combination of our premier content with new technology applications will enable CBS RADIO to move to a new plateau. Exciting times are ahead for our industry and especially at CBS."

HOLLANDER steps down after more than two years as CEO. He joined the company in 2003 as President/COO.

MOONVES said, "We want to thank JOEL for all his years of service to our company and wish him the best in his future endeavors."

Joel out, Mason in, sort of a big story dontcha think?!.
 
This is not a New York local radio story.

I'm shocked the moderators have not moved this thread.
 
Well prety much it is. Its a position based in New York, it will have great influence on the New York cluster of CBS, its a New York story enough.
 
The Good, The Bad, The Ugly

Mike Sheridan said:
The question is: Is this a good thing or a bad thing?

Well, it got rid of Joel Hollander, who presided over the downward spiral of CBS radio properties, and brought us such brilliant programming as "Free FM"...
 
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