Dial Global announces that Paul Caine will become the syndication giant's new CEO, as well as a member of the company's Board of Directors, effective April 5.

"Dial Global will propel the growth of audio as the essential medium for the mobile experience," said Caine. "We have premium content, top-tier distribution, and prestigious live event assets. Our opportunity is to expand these experiences for consumers, broaden our repertoire of content partners, and integrate our on-air, digital and live event offerings to create compelling engagement for advertisers."

Caine has spent the past 23 years at Time Inc., where he led the development of digital formats "for some of the world's most storied media brands." He has also created and sold highly successful multi-platform programs for advertisers such as Procter & Gamble, Toyota and CBS.

"The audio medium is ripe for expansion across the ever-increasing number of platforms that consumers use," said Neal Schore, Chairman of Dial Global. "Paul has the vision and experience to build audio assets into high engagement opportunities that connect marketers with consumers everywhere and on every listening platform."

Part of Caine's focus will be on activating live event sponsorships in person as well as online. Within the audio medium, Dial Global maintains exclusive rights to distribute for broadcast such prominent live events as the Grammys, the NFL primetime games (including the Playoffs and Super Bowl), and the NCAA Men's Basketball Tournament. "This is the perfect opportunity to build on the work I've done for the last 23 years with some of the most beloved media brands," said Caine, who ran Time Inc.'s Style & Entertainment Group (PEOPLE, InStyle, Entertainment Weekly, ESSENCE, People en Espanol and People StyleWatch) before becoming Chief Revenue Officer and Group President of the company's Advertising Group.

Caine's appointment coincides with the resignation of Dial Global's existing CEO, Spencer Brown, and President, Ken Williams, all of which will be effective April 5. Both executives intend to work with Caine to facilitate a smooth transition and will also remain shareholders of the Company. "Along with our former partner David Landau, Ken and I have taken Dial Global a long way," said Brown. "Now the Company needs a chief executive with a different skill set to steer it through its next phase of growth. We believe Paul is uniquely well-qualified to do just that."

"On behalf of Dial Global's Board of Directors, I want to thank Spencer and Ken for their significant contributions to the business," said Schore. "They have built a powerful platform that has delivered meaningful value over the years to Dial Global's advertisers, radio stations and content partners."