Cox Media Group announced the promotion of Brad Smith to Chief Financial Officer.
Smith has been serving as interim co-CFO for the past six months since the departure of Joseph ‘JP’ Hannan in January. He joined Cox as SVP of Finance and FP&A in 2020 after serving as co-founder and SVP/Revenue & Operations for Cox backed startup Videa focusing on automated television advertising. He has also held executive roles as SVP/Director of Operations for Cox Reps, CFO of Four Points Media Group, and VP/Finance for NBCUniversal. Cox emphasizes that Smith and his teams have successfully streamlined financial operations by focusing on the fundamentals of the business and automating where possible by increasing advertising and retransmission revenue and implementing focused cost management strategies that have allowed CMG to reinvest in the business.
“Brad brings a unique skillset and perspective to the role of CFO,” said Dan York, CMG’s President & CEO. “He’s committed to maximizing company performance and efficiency and has been invaluable in helping CMG win in our local markets today while positioning us to continue to do so in the future. This is a well-earned promotion for Brad that also reflects the strength and depth of CMG’s talented team.”
“We have a great team at CMG, one that’s bonded by our commitment to creating value and generating revenue while helping our customers grow their businesses,” Smith said. “Local media is special because of the positive impact we have on the communities and businesses we serve. To consistently do that requires collective dedication and partnerships across CMG to align vision with strategy and execution to ultimately exceed our business goals.”
This story first appeared on radioinsight.com