NEW YORK – November 15, 2016 – CBS RADIO has appointed Matthew Siegel as its Chief Financial Officer, effective Monday, November 14. Siegel will direct and oversee all financial functions of the business, including treasury, investor relations, financial planning, corporate accounting and risk management. Siegel will be based at CBS RADIO’s New York headquarters and report to President, Andre Fernandez.
“As we prepare to separate from our parent company – one of the most exciting and impactful events in CBS RADIO’s history – it’s more important than ever that we remain competitive and consistently deliver value to our key stakeholders,” said Fernandez. “Matt’s broad financial experience serving top media organizations will help position us for continued success.”
Siegel added, “I am excited to join CBS RADIO and work closely with Andre and the management team to transition the business into a publicly held company we can all be proud of.”
Siegel is a senior financial executive with over 25 years of experience working for major corporations. Most recently he served as the co-CFO and treasurer of Time Warner Cable (TWC) through the merger period with Charter Communications. Prior to that, he was the senior vice president and treasurer of TWC since just prior to TWC’s separation from Time Warner. During the regulatory review of the merger between TWC and Comcast, which was subsequently terminated, Siegel was designated chief financial officer of the intended cable company spin-off, GreatLand Connections.
Prior to TWC, Siegel worked at Time Warner Inc. as vice president and assistant treasurer. Earlier in his career he held leadership positions in finance at Insight Communications and at Seagram. Siegel received an MBA from the University of Chicago’s Booth School of Business and a bachelor’s degree from the Wharton School at the University of Pennsylvania.
About CBS RADIO
CBS RADIO is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. CBS RADIO produces original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms. A division of CBS Corporation, CBS RADIO owns 117 radio stations in 26 markets – including all of the top 10 radio markets as ranked by Nielsen Audio – as well as an extensive array of digital assets. CBS RADIO distributes its programming via AM, FM and HD Radio stations, Radio.com and CBS Local Digital Media apps, making engaging with audiences easier than ever before. For more information on CBS RADIO, please visit www.cbsradio.com.