DTS CEO To Segue To President Role
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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