Alan Bell, who has run Freedom Communications Inc.'s broadcasting division
since 1989, has been promoted to president and chief executive officer of the
Bell replaces Sam Wolgemuth, who resigned under pressure from the Hoiles
family, who owns the company.
The well-regarded Bell takes over at a difficult time. The company lost more
than $100 million last year, in its magazine and Internet divisions; although it
has done much better this year.
Hoiles family members have been critical of management, and some have been
looking for ways to cash in their shares.