MediaCo Announces Board Leadership Changes

NEW YORK--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) announced several leadership changes to its Board of Directors, reflecting the company's continued focus on strong governance and long-term value creation.

After serving as independent Chair of the Board, Deborah McDermott will step down from her role as Chair and as Chair of the Compensation Committee. She will continue to serve as a member of MediaCo's Board of Directors and remain a member of the Compensation Committee.

MediaCo also announced the appointment of Robert L. Greene, President & CEO of the National Association of Investment Companies, as independent Chair of the Board. In addition, Greene will join and lead the Compensation Committee as its Chair.

The company further announced that Amit Thakar has been appointed Chair of the Audit Committee and will succeed Robert Greene in that role, while Greene assumes his new responsibilities as Chair of the Board.

"We are grateful to Deb for her leadership, guidance, and contributions as Chair of the Board during an important period in MediaCo's evolution," said Albert Rodriguez, Chief Executive Officer of MediaCo. "We are equally excited to welcome Bob into his new role as Chair of the Board and to congratulate Amit on his appointment as Chair of the Audit Committee. Together, their expertise and leadership will help support MediaCo's continued growth and strategic priorities."

"MediaCo has built a unique portfolio of brands that authentically connect with multicultural audiences, and I am honored to serve as Chair of the Board during this exciting chapter," said Robert Greene. "I look forward to working alongside the Board and management team to help drive innovation, growth, and long-term shareholder value."

MediaCo remains committed to strong corporate governance and building a leadership structure that supports the company's long-term strategy and creates value for shareholders.

About MediaCo

MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences nationwide. Its powerhouse brands—including HOT 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles, and the Don Cheto Radio Network—reach more than 20 million people each month across television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences.