Over the past couple of years, the radio industry has seen significant shifts and changes within its landscape. One such development is the strategic restructuring within Emmis Communications. Patrick Walsh, previously Emmis’ EVP/Chief Financial Officer, took on the additional responsibility of Chief Operating Officer and is now overseeing all domestic radio. The radio division’s long-time president, Rick Cummings resumed his passion as the President of Programming for Emmis Radio. This blog post will dive into these changes, the roles and experiences of these key players, and what these shifts mean for Emmis and the wider radio industry.
Leadership Changes at Emmis
Emmis announced that Patrick Walsh, formerly the EVP/Chief Financial Officer, has added the responsibility of Chief Operating Officer to his role and will now oversee all domestic radio. Rick Cummings, who has been the president of the radio division since 2002, will remain with Emmis, focusing once again on his passion as President of Programming for Emmis Radio.
About Patrick Walsh
Walsh, 41, will continue to serve as Chief Financial Officer, a title he has held since September 2006. He was also appointed to Emmis’ Board of Directors. Prior to joining Emmis, Walsh was a CFO and Senior Vice President at iBiquity Digital Corporation. He also brings management consulting experience from McKinsey & Company and has held management positions at General Motors Acceptance Corporation and Deloitte & Touche LLP. He earned a Bachelor of Business Administration degree in accounting and finance from the University of Michigan and an MBA from Harvard Business School.
The Future of Emmis Radio
Emmis Communications, a diversified media firm based in Indianapolis, owns 21 FM and 2 AM domestic radio stations serving some of the nation’s largest markets. As the radio industry continues to evolve and face challenges, Walsh and Cummings are committed to positioning Emmis Radio for success in this dynamic landscape. The changes in leadership were effective immediately.
Emmis does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
