LodgeNet Hires Ex-Fox Exec Battista as CEO
Replaces Scott Petersen, who resigned in June
By Todd Spangler, Multichannel News -- Broadcasting & Cable, 9/12/2012 10:16:00 AM
In May, LodgeNet announced that Scott Petersen, its longtime president and CEO, would resign his executive position with the company June 15. Petersen remains as a member of the LodgeNet board.
Battista will be based in Los Angeles and starts with the company effective Wednesday, Sept. 12.
"The LodgeNet board found the ideal candidate and a proven leader in Rich Battista," LodgeNet chairman Doug Bradbury said in announcing his appointment. "Rich brings a vast amount of experience in managing, rebuilding and developing large-scale businesses across various media platforms."
Last month, LodgeNet said it was exploring refinancing alternatives to address its upcoming debt maturities and "tightening financial covenants." The company retained Miller Buckfire & Co., a New York-based investment banking and capital markets firm, as an advisor.
Click here to read the full story at Multichannel News.
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