Mark Rosenthal, who has served as CEO of iHeartMedia-owned Katz Media Group since September 2013, is stepping down from his post.
Rosenthal will relinquish his duties at the end of March, but continue as an advisor to iHeart President/COO and CFO Rich Bressler and iHeartMedia CEO Bob Pittman.
Katz’s President, Mark Gray, succeeds Rosenthal in the CEO chair.
Katz did not offer an explanation as to the nature of Rosenthal’s pending exit from the radio and TV rep firm.
Gray is a Katz veteran and joined the firm in 1988 as an account executive, starting in New York. He later held positions in Katz’s Detroit and Los Angeles offices, and has held his present post since 2006. Gray worked for many years under the late CEO Stu Olds, one of the radio industry’s most beloved sales leaders. Olds lost his battle with leukemia in December 2010.
“Mark has been a trusted partner for Katz’s clients as well as an industry leader for many years, and we know he will continue to both successfully advocate for radio and TV and build their presence with major advertisers and agencies across the country,” said Bressler.
Gray added, “Katz is a longtime leader in the media industry, known for its exceptional sales team and their unparalleled ability to provide innovative expertise in audio and television solutions. I’m both honored and excited to take on this role, and I look forward to continuing to help drive revenue and advocacy for our broadcast partners.”
Gray is a member of the Board of Directors for the Broadcasters Foundation of America; a member of the Radio Advertising Bureau’s Executive Committee; and sits on the Board of Trustees for the Alliance for Women in Media.