Business

MediaCo Holding Inc. (NASDAQ: MDIA) Jumps 4% Following Appointment of Rahsan-Rahsan Lindsay as CEO

MediaCo Holding Inc. (NASDAQ: MDIA) jumped 4.35% after the Hot 97, WBLS, and Fairway Outdoor owner announced the appointment of Rahsan-Rahsan Lindsay as the CEO of the company effective July 1, 2021.

MediaCom appoints Rahsan-Rhasan Linday as CEO

Most recently, Mr. Lindsay served as the executive VP of Urban One. Lindsay will bring more than twenty years of leadership experience across TV, media, and advertising to the company. As CEO, Lindsay will be in charge of creating the company’s overall strategic strategy and expanding its radio and outdoor businesses, focusing on digital transformation.

MediaCom Board of Directors Laura Lee said Rahsan-Rahsan is a committed and smart leader with an unrelenting drive, strategic vision, and love for media that the MediaCom team requires at this vital juncture. Most importantly, he has built his career at the crossroads of technology and media, and his wide expertise and strong insight will be helpful as MediaCom moves forward.

Lindsay worked at Urban One, Inc. for nine years, where he was in charge of integrated marketing, sales operations, and advertising sales for TV One and its partner network CLEO TV, which he helped establish in 2019. Last year, he became the head of iOne Digital ad sales, Urban One’s inter-platform marketing business, One Solution, and One X Studios, the company’s branded content production arm. Lindsay worked for Viacom Media Networks for nearly eight years, focusing on new business development for MTV, Comedy Central, Spike, CMT, and TV Land until joining TV One in 2011.

Lindsay ready to grow MediaCom brands

Commenting on his appointment, Lindsay said that working with well-known brands like HOT 97 and WBLS was simply too excellent to pass up. He said there are many opportunities to develop the brands, build on their long histories, and generate new revenue streams.

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