Tuesday, March 19, 2013

Dial Global Names Paul Caine CEO

Paul Caine
Dial Global, Inc. announced today that Paul Caine will become its Chief Executive Officer and a member of the Company's Board of Directors, effective April 5.

Caine joins to create a new opportunity for Dial Global to expand the marketing and monetization of audio, starting with the Company's lineup of premier sports, entertainment and news content that includes the NFL primetime games (including the Playoffs and Super Bowl), the NCAA Men's Basketball Tournament, CBS Radio News, NBC News Radio, the NBC Sports Radio Network, and the Grammys.

As mobile platforms continue to multiply the occasions for listening, the demand for premium digital audio content is growing fast. This represents a substantial, undeveloped opportunity for content providers, distribution partners and marketers alike.

"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 during the past 23 years at Time Inc., has 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 many blue-chip 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.

Spencer Brown
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."

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