DTS CEO To Segue To President Role

By on Sep, 21 2016 with Comments 0

Nashville, Tenn. — In a 2016 Radio Show luncheon discussion led by NAB President/CEO Gordon Smith, DTS Chairman/CEO Jon Kirchner says he is expected to become president of the combined company that will result from its $850 million acquisition by Tessera Technologies

Kirchner notes that the deal, announced yesterday, is “great for stakeholders and great from a visual presentation standpoint.”

He told Radio Show attendees that Tessera’s face detection and safety systems mesh well with DTS’s audio technology offerings, which include HD Radio.

“This results in a large capitalization with more products brought to market,” Kirchner says.

Speaking of last year’s acquisition of HD radio’s exclusive licensor and developer in the U.S., iBiquity Digital Corp., for $172 million, Kirchner notes, “In radio, we saw technology that has good economics. Ultimately, HD Radio has a global platform that’s not going anywhere.”

With international growth in its sights, Kirchner says there are 70 HD Radio in Mexico and 16 HD Radio stations in Canada. European markets are likely next for development.

 

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About The Author: Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.

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