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. It’s the second major shakeup in the company’s top ranks within two months as Caine replaces exiting CEO Spencer Brown. Also leaving the company is former co-CEO Ken Williams, who most recently was serving as chief operating officer. Both will remain on the job for a short time to help with the transition. Fellow co-CEO David Landau exited Dial Global earlier this year.
“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.”
“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 has the experience, relationships and credibility to expand Dial Global’s capabilities on both the content and marketing fronts. Over the past 23 years at Time Inc., he 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.”
“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.”