Another High Profile Executive Exits Audacy

Audacy, Inc. announced the resignation of Chief Financial Officer, Rich Schmaeling, effective immediately, to pursue other business opportunities. Schmaeling will remain available to the Company as needed to ensure an orderly transition of his responsibilities.

Audacy will not name a new Chief Financial Officer in the near term.

“On behalf of the entire team, I would like to thank Rich for his contributions to Audacy,” said Kelli Turner, Interim CEO and President, Audacy. “We are well positioned with the finance team in place.

Rich Schmaeling

Prior to joining Audacy (then Entercom) in 2017, Schmaeling served as the Chief Financial Officer at Travel Leaders Group, the largest travel agency company in the United States. He also served as the Chief Financial Officer at LIN Media, a local TV and digital media provider, where he oversaw all aspects of the company’s financial, accounting, tax, investor relations and compliance matters. In addition, he was actively engaged in the company’s successful integration with Media General. Schmaeling also served as the Vice President of Finance at Dow Jones, where he managed the financial planning, analysis, general accounting and transaction processing services for nine business units worldwide. 

During his tenure at Dow Jones, he played an instrumental role in transforming the company to provide more diversified multimedia content and information services. He also helped to facilitate its 2007 acquisition by NewsCorporation. Schmaeling began his career at Arthur Andersen in the audit and business advisory practice.