[60] The merger occurred at midnight on November 17, 2017. In this role, Foss provided strategic direction and oversight for the design, development, acquisition, operation and support of the Companys enterprise technology systems and programs. Audacy engages 200 million consumers each month, bringing people together around audio content that matters to them. Last updated: 1 March 2023 at 11:00am EST. Entercom Reveals Step By Step Details Of Merger With CBS Radio. Over the last 20 years, insiders at Entercom Communications Corp have traded over $17,168,292 worth of Entercom Communications Corp stock and bought 11,631,502 units worth $75,255,369 Entercom previously owned KOSI-FM, while the remaining stations were acquired through the acquisition of LFM. Now he's looking to supercharge the new Prior to joining Audacy, Field was an investment banker at Goldman Sachs & Co. in New York. Sinha is a board member of the 4As Foundation, which endeavors to increase diversity within the advertising, media and marketing industries, and a co-chair of Audacys diversity, equity and inclusion council. Discover David Field's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Audacy engages 200 million consumers each month, bringing people together around audio content that matters to them. Dee also oversees the BetQL Network, the home for sports betting programming heard across Audacys robust portfolio of sports stations. Careers . 89>vU3#XYa!Z1\wEsU!VcP0Jx { XS&b2B`>2AC6Qmi|)NW@. Prior to joining Audacy, Sinha served as Vice President, Communications Lead, Technology at WarnerMedia. In that role, she oversawglobal audits for several multinational public and private clients in the media and entertainment, consumer markets, industrial products and utility sectors. Entercom is paying $18 million for Pineapple and its deal for Cadence13 values the company at close to $50 million, the Wall Street Journal reported. Elizabeth Bramowski is the Chief Accounting Officer and Controller of Audacy. 0. She previously served as Regional President overseeing multiple markets including New York, San Francisco and Sacramento. There was no formal press release but rather "A Message from David Field" distributed as an internal memo to all Entercom Communications employees. The oldest executive at Entercom Communications Corp is JosephField, 88, who is the Chairman Emeritus, Director. Prior to joining Audacy, Suchman served as Global Chief Marketing Officer for CBRE, the worlds largest commercial real estate services and investment firm and a leading Fortune 500 company. [24], Richard J. Schmaeling became Executive Vice President and Chief Financial Officer on April 18, 2017. David Field - $68,820 in Political Contributions for 2008, Campaign Finance, Money, American politics, American political campaign contributions, presidential campaign contributions . Field has received numerous civic and professional awards, including the National Association of Broadcasters National Radio Award in 2017. [23], In October 2016, Entercom announced that it would acquire four radio stations in Charlotte, North Carolina, from Beasley Broadcast Group for $24 million in cash. It calls for CEO David Field, Entercom founder and chairman Joseph Field and his wife Marie Field to convert a combined 3,152,333 shares of Entercom Class B Common Stock to Entercom Class A Common Stock at the merger closing. Available on every device in every major U.S. market, the company delivers the industry's most compelling live and on-demand content and experiences from voices and influencers its communities trust and love. Audacy is also the #1 creator of original, premium audio content, engaging 200 million consumers each month. ', "Beasley Adds Radio.com Distribution For Its Station Streams And Podcasts", "Twitch will stream video from Radio.com broadcasts", "Entercom Acquires Podcast Ad Network Podcorn", "Entercom signs deal allowing it to perform hits of Springsteen, Prince, Nicki Minaj and more", "Radio Giant Entercom Rebrands As Audacy Amid Streaming Push", "MGM Resorts Share Prices Rise As Investors Approve BetMGM & Audacy Multi-Year Partnership", "CBS Sets Radio Division Merger With Entercom", "Froggy 101 Radio Station Will Not Be Sold, Parent Company Says", "Entercom Sells Three Stations as CBS Radio Merger Nears Completion", "Entercom to Divest 13 Stations in Exchange for Justice Department's Approval of CBS Radio Acquisition", "Entercom, CBS Radio to Divest Boston Radio Stations as Part of Merger Deal", "16 More Stations To Be Spun Off From Entercom-CBS Merger In Boston, SF, Sacramento, Seattle", "FCC Approval Clears Final Regulatory Hurdle For Entercom/CBS Radio Merger - RadioInsight", "Entercom Sets Friday Morning Close For CBS Radio Merger", "Entercom Finalizes Merger With CBS Radio, Becoming No. [81], In 2019, Entercom announced its acquisition of Pineapple Street Media, a podcast producer, and the remaining portion of Cadence13. via Entercom. As the Chairman and CEO & Pres of Entercom Communications Corp, the total compensation of Mr Field at Entercom Communications Corp is $2,690,680. [67], On July 19, 2018, Entercom announced that it would acquire Philadelphia market-leader WBEB from Jerry Lee Radio for $57.5 million. Audacy is a scaled, multi-platform audio content and entertainment company with a leadership position in virtually every segment of the dynamic and growing audio businessincluding broadcasting, podcasting, digital, network, live events, music, sports and news. The deal closed in January 2017 and WBT AM/FM, WLNK-FM and WFNZ-AM joined Entercom. Prior to joining the company, Murphy served as the Vice President of Strategic Marketing at Monster.com, as well as the Vice President of Sales and Marketing at Boston Globe Media, overseeing ad sales and marketing across traditional and digital distribution platforms. [82] In 2021, Entercom acquired podcast ad network Podcorn, a deal valued at $22.5 million. David Farr didn't enjoy much of a honeymoon after becoming CEO of Emerson Electric Co. in October 2000. . Was it in fact motivating or was . On August 3, 2018, Entercom announced that Bonneville would buy all eight stations for $141 million, which the company had been operating under LMA since after the merger with CBS Radio. David Field has presided over a period of dramatic growth at Entercom Communications, from its acquisition of CBS Radio to a pair of podcast companies. As part of this agreement, BetRivers, RSIs flagship brand and online sportsbook, will be the official title sponsor of Radio.coms You Better You Bet podcast. [52] On the same day, Audacy and BetMGM agreed to a multi-year deal designating the sports betting and gaming platform as the preferred sports betting partner with Audacy. She has also held various executive positions at global technology companies, including YANGAROO, Inc., Encompass Digital Media, VCI Solutions, and Harris Corporation. In August 2019, Pineapple Street was acquired by Entercom and renamed Pineapple Street Studios. [73] Following the acquisition of QL Gaming Group, Entercom launched BetQL Network on RADIO.COM on January 25, 2021. Audacy engages 200 million consumers each month, bringing people together around audio content that matters to them. Field has served as Audacy's (then Entercom) CEO since 2002 and its President since 1998. He oversees internal and external communications, including business and industry media relations; public relations for the companys local radio stations and podcast networks; national event publicity; financial communications; crisis communications and corporate reputation management; and executive visibility. [89], Pineapple Street Studios is a podcast studio based in Brooklyn, New York. Mr. Field owns over 1,929 units of Entercom Communications Corp stock worth over $7,460,114 and over the last 19 years he sold ETM stock worth over $9,332,093. Ashok Sinha is the Senior Vice President, Head of Corporate Communications & PR at Audacy. endobj The new company would have nine directors, including five from Entercom and four nominated by CBS Radio. [41], Early in 2020, Entercom opened an HD Radio Sound Space in Los Angeles as an event space and home for future live events. Philadelphia, PA 19123 (215) 600-2630 info@vetricommunity.org In a nearly 300-page filing with the Securities and Exchange Commission, Entercom details the blow-by-blow of the complicated financial maneuver it will undertake to merge with CBS Radio. For information on Audacy, please visit our new site at AudacyInc.com. Mr. Field served as Chairman of the Radio Board of the National Association of Broadcasters from 2005 to 2007. He is currently single. Net Worth in 2022. David J. The deal more than doubled both the number of stations under the company's control, and the number of markets in which it had stations. There are 5 older and 10 younger executives at Entercom Communications Corp. [87], The company has produced podcasts for Pulitzer Prize-winning historian and author Jon Meacham[88] and NBA star Kevin Durant. In addition to chairing the Audacy board, Field serves on the boards of the National Association of Broadcasters (NAB), the National Constitution Center and The Wilderness Society. David Field - Company Secretary - Besso. All rights reserved. In 2017, Mr. Field received the National Association of Broadcasters National Radio Award. [37], On August 19, 2019, Entercom launched the Radio.com Sports Digital Network, a collection of daily live audio and video programming from the companys sports stations. The Audacy app, formerly known as Radio.com, is an integrated digital platform offering over 230 locally programmed radio stations and their websites. [90], Podcorn facilitates podcast ad campaigns and enables direct podcasters and advertisers to have direct relationships. As the Chairman of the Board, President, and Chief Executive Officer of Entercom Communications Corp, the total compensation of David Field at Entercom Communications Corp is $4,458,180. On average, Entercom Communications Corp executives and independent directors trade stock every 28 days with the average trade being worth of $566,403. He is from Australia. Foss is also a co-founder of Tech Bae, a tech focused organization for women in the media and advertising ecosystem to connect for mentoring, networking, and community. Now he's looking to supercharge the newfound . She also supported clients in achieving their objectives by advising on advertising efficiency based on media effectiveness, optimization, and targeting exercises. [14] Shortly after the transaction, the company exited the Cincinnati market by trading all four of its stations in Cincinnati and three of its stations in Seattle in exchange for three stations in San Francisco in a deal with Bonneville International. David Field, Entercom president and chief executive officer . [62] This would then be followed up by WJMK in Chicago's switch to classic hip-hop and KVIL in Dallas-Ft. Worth's flip to alternative. [45], In 2020, Radio.com established partnerships with SoundHound Inc [46] and Beasley Media Group. See the article in its original context from. David Field has been the CEO of Entercom Communications Corp. since 2002. For the first time ever, one broadcaster has the honor of being the flagship station of each of the four major sports champions. Susan Larkin is the Chief Operating Officer of Audacy. There are 1 executives at Entercom Communications Corp getting paid more, with David Field having the highest compensation of $4,458,180. In the spring of 2001, the new . Entercom took advantage of the change to expand its presence in the markets where it already operated. His agency and leadership experience also include tenures at WPPs Ogilvy New York and Los Angeles offices, Agency.com and Lippincott. He also serves as the chairman of the board of directors for Bostons Pan Mass Challenge, the nations largest athletic fundraising event, which has raised over $650 million. Field: CEO Pay $2,511,305: Median Employee Pay $56,639: CEO Pay Ratio 44:1: Board of Directors in AUDACY INC. For its 2021 fiscal year, AUDACY INC, listed the following board members on its annual proxy statement to the SEC. The network has garnered over two billion downloads, including 30 million monthly unique listeners. [4][5] It is not clear how many CBS shareholders retained these Audacy shares, and the present-day Paramount Global has never held any ownership in the company. Previously, Crowley served as the Senior Supervising Producer at Entertainment Tonight and The Insider, first for Paramount Domestic Television, and then for CBS. I'm a data minded marketer with a passion for using performance analytics and human insights to make programs better, people smarter, and businesses more successful. [44], On October 21, 2020, Entercom announced a partnership with the National Urban League to advance racial justice and equity in the communities they serve. The gaming brand would also have access to Entercom talent in markets where both companies operate. The network serves as home for the companys sports betting content from its sports stations nationwide and is currently available over-the-air in several markets nationwide and digitally via the Audacy app. Paul Suchman is the Chief Marketing Officer of Audacy. About Entercom Communications. The most recent stock trade was executed by Louise C Kramer on 12 March 2021, trading 150,000 units of ETM stock currently worth $915,000. 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