With the sale of WestwoodOne to Cumulus Media now complete, WW1 CEO Paul Caine will be transitioning out this month as WestwoodOne becomes a fully integrated division of Cumulus Media.
"Paul is an extremely talented media executive and did an excellent job of guiding WestwoodOne during a period of change. He positioned the company for future growth and played an instrumental role in driving a constructive transaction which delivered value for his shareholders. We look forward to working with Paul in the next chapter of his impressive career," said Lew Dickey, CEO of Cumulus.
"I am so proud of the team we've built and what we've accomplished at WestwoodOne. In such a short time, we've proven the power of sound and its impact on the future of the audio industry. I am confident that this great momentum will continue under Cumulus and the strong talent and leadership of Lew Dickey," Caine said.