Network radio programmer and traffic info provider Westwood One has gone through its share of tough times recently, but one thing isn’t changing: the man in the chair.
The company issued a statement this week saying founder Norm Pattiz will continue as chairman of the board for two more years.
Investor Mark Stone of the Gores Group was quoted in the announcement saying, “Our increased financial commitment to the company reflects our confidence in Rod [President Rod Sherwood] and the management team as they work to position Westwood One as an industry leader. Norm’s extensive relationships across the industry are a valuable asset for Westwood One’s future.”
Pattiz served on the U.S. Broadcasting Board of Governors of the United States for six years; he’s also a regent of the University of California and chairman of the Oversight Committee of the Department of Energy Laboratories, including Los Alamos, Lawrence Livermore and Lawrence Berkeley. He’s a member of the Council on Foreign Relations and the Pacific Council on International Policy, and serves on the Region 1, Homeland Security Advisory Council.