Financing for the transaction is being provided by Brigade Capital Management. What's the story with that operation? It's a safe bet it is not as controversial as the entity that holds majority interest in radio industry peer Audacy Inc.
For weeks, media brokers and industry observers have been awaiting news on a transaction that many believed would be announced one month ago, as radio business leaders gathered in Las Vegas for the 2025 NAB Show. Now, rumors have become reality: Jeff Warshaw has secured the financing needed to move forward with his Connoisseur Media's acquisition of Alpha Media.
More changes have come to the C-Suite at Philadelphia-based Audacy Inc., the audio content creation and distribution company founded as Entercom by Joseph Field and today controlled by Soros Fund Management. This sees the arrival of a new Chief Information Officer.
TV ad sales and tech company Ampersand is welcoming a new Chief Revenue Officer, and it is someone who was most recently EVP and Head of National Sales for the broadcast television station ownership group that is parent to more over-the-air properties than any of its peers and is founded by Perry Sook.
He has been part of the Scripps D.C. sales team for the last six years, serving as a senior manager of business operations, Director of National Sales Operations and Senior Director of National Sales Operations.
Now he's being promoted to VP of Political and "Pay for Performance" at The E.W. Scripps Co.
The company with majority ownership held by Soros Fund Management is saying goodbye to its five-year Chief Technology Officer, one of its more visible top-tier leaders in recent years. It's the latest move in a wholesale reshaping of Audacy's executive suite since the departures of David Field and Rich Schmaeling.
Adam Jacobson
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