Mediaco Holding Inc. (NASDAQ: MDIA) stock gained by 4.35% at last close while the MDIA stock price shows a further rise by 61.72% in the pre-market trading. MDIA is the key authority in charge of promoting all government programs that promote Malta as a technical innovation center of excellence, as well as establishing and enforcing standards that assure compliance with all other international commitments.
Significant Development
Rahsan-Rahsan Lindsay has been designated Chief Executive Officer of MDIA, with effect from July 1, 2021. Mr. Lindsay most recently worked at Urban One as Executive Vice President. He joins MediaCo with over two decades of effective leadership expertise in media, television, and advertising. Lindsay will be in charge of setting MediaCo’s overall strategic vision and broadening its radio and outdoor divisions, with a focus on digital transformation.
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MediaCo Board Director Laura Lee said,
Rahsan-Rahsan is a smart and committed leader who possesses the strategic vision, unrelenting drive, and love for media that the MediaCo team requires at this vital juncture. He built his career at the crossroads of technology and media, and his wide expertise and strong insight will be helpful as the firm moves forward.
Mr. Lindsay commented,
Working with well-known brands like HOT 97 and WBLS is simply too excellent to pass up. He added that he sees a number of opportunities to further develop these brands, build on their long histories, and generate new income sources. Lindsay is also excited about the prospect of using the Fairway brand to assist MediaCo achieve its goal of reaching a larger audience.
MediaCo’s newly established senior management team, which is formed of talented professionals that offer a collaborative spirit and a crucial emphasis on future strategy, is positioned to drive future success. Bradford Tobin was recently designated President and Chief Operating Officer as part of MediaCo’s strategic restructuring.
Soo Kim, MediaCo’s lead investor stated,
Brad is an experienced and well-respected leader who routinely achieves his objectives. He is particularly prepared to lead MediaCo’s strategic prioritization and accountability efforts, with a particular emphasis on operational excellence.
