Freedom Names Mitchell Stern President and Chief Executive
IRVINE, CA, June 29, 2010 – Freedom Communications announced today that Mitchell Stern has been named President and Chief Executive Officer. Mr. Stern, a member of the Freedom Board of Directors, previously served as President and Chief Executive Officer of DirecTV U.S.
“We are very pleased that Mitch has agreed to lead Freedom Communications as its Chief Executive Officer,” said Chairman of the Board James Dunning Jr. “With his 30 years of experience in the media industry, he brings a wealth of experience and forward-thinking to the job. His talents as both a strategic thinker and a hands-on executive are a perfect fit for Freedom, and make him the right person to lead our talented associates and diverse properties in tackling the challenges of the new media environment.”
Mr. Stern will assume his new duties July 1. He succeeds Burl Osborne, who as Interim CEO led Freedom through its recently completed restructuring. Mr. Osborne will remain on the Board of Directors and also serve as a special advisor to the Company.
“This is a great opportunity at a great company,” Mr. Stern said. “There is a multitude of talent at Freedom and a real desire on the part of everyone to move forward and create new ways of serving the company’s many communities. With its local focus and national breadth, and with a successful restructuring behind it, Freedom is perfectly positioned to demonstrate what it means to be a new kind of media company. My job from day one will be to focus all our talents and energies on achieving that goal.”
Prior to his service at DirecTV U.S., Mr. Stern was Chairman and Chief Executive Officer of Fox Television Stations Inc. in Los Angeles from 1998 to 2003 and President and Chief Operating Officer from 1993 to 2003. He was Executive Vice President and Chief Operating Officer at Fox Stations Group from 1992 to 1993, Senior Vice President of Fox Television Stations, Inc. and Vice President and Station Manager at KTTV-TV Los Angeles from 1990 to 1992, and Vice President and Chief Financial Officer from 1986 to 1990.
Earlier in his career, Mr. Stern held various programming and management positions at CBS Corporation in New York from 1978 to 1986. He has a Master of Business Administration degree from the University of Chicago and received his undergraduate degree from the University of Pennsylvania.
Mr. Stern also serves on the board of the Triton Media Group.
“As we welcome Mitch into his new role, I also want to take the opportunity to recognize and thank Burl Osborne for the outstanding job he did as Interim CEO for the past year,” said Mr. Dunning. “He stepped in at a critical time and his leadership was instrumental in helping Freedom move rapidly through a sometimes difficult and ultimately successful restructuring.”
About Freedom Communications
Freedom Communications, headquartered in Irvine, Calif., is a national privately owned media company operating print publications, broadcast television stations and interactive businesses. The company’s print portfolio includes approximately 100 daily and weekly publications, plus ancillary magazines and other specialty publications. The broadcast company’s stations – five CBS, two ABC network affiliates and one CW affiliate – reach more than 3 million households across the country. The Company’s news, information and entertainment websites complement its print and broadcast properties.