Westwood One CEO Kosann signing off
Westwood One Inc. said Thursday that CEO Peter Kosann will leave the company after completing a previously announced plan to modify the radio broadcaster's relationship with CBS Radio. Kosann, a CBS Radio employee, will leave no earlier than Dec. 31 and no later than March 18. Westwood also said that it is optimistic it will be able to complete by August the modification and extension of its agreements with CBS Radio through 2017, which includes the cessation of a management agreement. Westwood has hired Gary Yusko as CFO effective July 16, replacing Andrew Zaref, who is leaving to pursue other opportunities.