IRVINE, Calif.--(Business Wire)--
Freedom Communications, Inc. announced today that Scott Flanders, its president
and chief executive officer since January 2006, has resigned to take the CEO
post at Playboy Enterprises, Inc.
During his tenure at Freedom, Flanders oversaw both the company`s efforts to
transform its business and to reach a waiver with its banks, positioning the
company for a comprehensive restructuring. He instituted a number of measures to
streamline operations and to increase the company's interactive presence.
Flanders will continue as Freedom`s CEO through June. Freedom said its Board of
Directors is already in discussions about the CEO role and the qualifications of
the person to fill it. Freedom added that its commitment to its stakeholders and
the communities it serves will remain strong and consistent.
"This was a difficult decision for me to make, but the opportunity to take on
new challenges was, ultimately, one that I could not pass up," Flanders said.
"Freedom is a great company filled with talented people, and I believe it is
well positioned to move forward and meet the challenges of competing in this new
media environment."
"Scott has served Freedom during a very turbulent time in the industry's
history," said Chairman of the Board Thomas W. Bassett, great-grandson of the
company's founder R.C. Hoiles. "I wish him continued success."
About Freedom Communications
Freedom Communications, headquartered in Irvine, Calif., is a national privately
owned information and entertainment company of print publications, broadcast
television stations and interactive businesses. The company`s print portfolio
includes more than 100 daily and weekly publications, including just over 30
daily newspapers, plus ancillary magazines and other specialty publications. The
broadcast company`s stations - five CBS, two ABC network affiliates and one CW
affiliate - reach more than 3 million households across the country. The
Company`s news, information and entertainment websites complement its print and
broadcast properties.
Robert Emmers
Phone: (310) 788-2850
Email: Robert_Emmers@Sitrick.com
Copyright Business Wire 2009
