CBS Corporation President and CEO Leslie Moonves to Discuss Opportunities for Radio at 2012 Radio Show

WASHINGTON & NEW YORK--(BUSINESS WIRE)--

Organizers of the Radio Show, jointly produced by the Radio Advertising Bureau (RAB) and the National Association of Broadcasters (NAB), announced today that CBS Corporation President and CEO Leslie Moonves will participate in a question-and-answer session with NAB President and CEO Gordon Smith on Wednesday, September 19, following opening remarks by Smith and RAB President and CEO Erica Farber. The Radio Show will be held September 19-21 in Dallas.

Moonves is president and chief executive officer of CBS Corporation, one of the world's largest media enterprises. In this role, he oversees all operations of the company, including CBS Radio, the CBS Television Network, The CW (a joint venture between CBS Corporation and Warner Bros. Entertainment), CBS Television Stations, CBS Television Studios, CBS Studios International, CBS Television Distribution, Showtime Networks, CBS Sports Network, CBS Outdoor, Simon & Schuster, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and EcoMedia.

Moonves and Smith will discuss the changing media landscape and what is on the horizon for radio, including trends in business development, programming and advertising, innovations in technology and new opportunities for revenue and growth.

CBS Radio draws nearly 70 million unique over-the-air listeners each week. Its 130 stations in 28 markets cover news, sports, talk, rock, country, Top 40, classic hits and urban formats, among others. Popular talent includes Carson Daly, Boomer Esiason and Craig Carton, Mike Francesa, Ryan Cameron, and Kevin and Bean. Additionally, CBS Radio broadcasts play-by-play coverage of many of the country's top sports franchises, including the New York Yankees, New York Mets, Chicago White Sox, New England Patriots, New York Giants and Detroit Red Wings.

CBS Local Digital Media, operating within CBS Radio, offers a truly "local" experience through the convergence of new and traditional media platforms. Websites and mobile applications available in more than two dozen markets provide the latest news, traffic, weather and sports headlines, a question and answer service, daily CBS Local Offers, Best of Guides and business directories.

Moonves came to CBS in 1995 as president of entertainment, after serving as president of Warner Bros. Television. He was promoted to president and CEO of CBS Television in 1998, and became its chairman in 2003. He was later named co-president and co-chief operating officer of Viacom and chairman of CBS in 2004, overseeing domestic and international broadcast television operations, its radio division and outdoor advertising operations.

In 2006, when Viacom split its businesses into two publicly traded companies, Moonves was named president and CEO of the newly formed CBS Corporation, which has become one of the largest and best performing companies in media, with businesses in virtually every sector. Its broadcast network, the CBS Television Network, has been #1 in viewers for nine of the past 10 years, with television's #1 drama, NCIS; the #1 comedy, THE BIG BANG THEORY; the #1 new series, PERSON OF INTEREST; the #1 news program, 60 MINUTES; and time-leading shows on virtually every night of the week.

CBS's other divisions have also been robust under Moonves' leadership. The company's push to sell its shows around the world has made international syndication sales a significant revenue source for the company, with its programs now airing in more than 100 countries and growing. By distinguishing CBS as a producer and seller of world-class content across all mediums, Moonves has helped CBS Corporation grow in value, revenue and market-share while identifying and developing key new revenue streams for future growth.

Moonves also led the company's 2010 purchase of EcoMedia, a company that improves local communities and their environments by pairing businesses with municipalities. The acquisition of EcoMedia continues the company's long-standing tradition of public service, a mandate that began when the CBS Television Network first signed on in 1928.

Moonves serves on the Board of Trustees of the Entertainment Industries Council. He is also a trustee of the National Council for Families and Television and of the American Film Institute, and is past president of the Hollywood Radio and Television Society. He is co-chair of the Los Angeles Board of Governors of the Paley Center for Media. In March 2003, Moonves was honored by the International Radio and Television Society as the recipient of the Gold Medal Award, one of most prestigious honors in media and entertainment.

About the Radio Show

The 2012 Radio Show, produced by the Radio Advertising Bureau (RAB) and the National Association of Broadcasters (NAB), will be held September 19-21 in Dallas. This year's show brings radio broadcasters and industry colleagues together to share knowledge, discover the latest innovations, network with industry leaders and explore creative business strategies to help radio flourish in the digital age. To learn more about the 2012 Radio Show, visit www.radioshowweb.com.

About RAB

The Radio Advertising Bureau serves more than 6,000 member Radio stations in the U.S. and over 1,000 member networks, representative firms, broadcast vendors, and international organizations. RAB leads and participates in educational, research, sales, and advocacy programs that promote and advance Radio as a primary advertising medium. Learn more at www.rab.com.

About NAB

The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.

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Clear Channel Hires Entertainment Veteran John Sykes to Push Beyond Radio

The former VH-1 president and MTV executive will focus on building new business opportunities, including in the TV and live event areas, as president, Clear Channel Entertainment Enterprises.

NEW YORK - Radio giant Clear Channel has named music and entertainment industry veteran John Sykes, a former president of VH-1, to the newly created role of president, Clear Channel Entertainment Enterprises, in which he will help build new business opportunities, including in the TV and live events fields. 

He will report to CEO Bob Pittman who he knows through his past work - from their early days together on the launch team of MTV to their recent work at Pittman's Pilot Group.
Sykes "will use the unparalleled assets of Clear Channel – including its 238 million monthly broadcast radio listeners, the 141 million people it reaches with Outdoor in the United States and the 374 million internationally, as well as the more than 75 million monthly listening hours for its digital properties – to develop new businesses for the company across a range of media, including television and live events, as well as create value for Clear Channel advertisers and key partners," the company said. 

In addition to his work at VH-1, Sykes previously was president of network development for MTV Networks, CEO of Infinity Broadcasting, now CBS Radio, president of Chrysalis Records and an agent at CAA.

"John's experience and relationships in so many sectors of the entertainment and media business make him the perfect choice to lead this new initiative,” said  Pittman. “He has one of the most diverse entertainment careers – from being on the original team that created MTV to re-launching VH-1, managing major music artists, running a significant radio group and even being a Hollywood agent – as well as a track record of working with talent and entertainment properties in innovative new ways.”

Said Sykes: "Clear Channel has a unique relationship with our audiences, who have a deep loyalty to our brands and trust us to bring them innovative and creative media and entertainment experiences.”

Sykes more recently has been affiliated with the Pilot Group, a private equity and venture firm co-founded by Pittman, since 2008. He joined Clear Channel in a consultant role in early 2011.

Email: Georg.Szalai@thr.com

Twitter: @georgszalai

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