Update, 2:42PM ET, April 13: CBS Radio has named Andre Fernandez to replace Mason as president and CEO.
Dan Mason, president and CEO of CBS Radio, the third-most powerful radio conglomerate in the U.S., announced his retirement, scheduled for the end of April, in a memo sent to staff today (April 13).
Mason served as president and CEO of the company between 1995 and 2002 before returning to lead the company in 2007. Mason was named to this year’s Billboard Power 100, ranking No. 34 on the strength of his work at the company and the audience reach he attained during his tenure.
Speaking to Billboard in 2013, Mason described the importance of instinct in his decision-making, saying that “when it comes to picking music or changing formats the best analysis is no match for that confidence you have when you just know something is going to be a hit.”
Read his full memo below:
After an unforgettable eight years leading CBS Radio, I am announcing today my retirement at the end of April. Witnessing all that we’ve accomplished and knowing the bright future ahead for our company has not made this an easy decision. It has been an honor and privilege to serve as President and CEO and I want to express my gratitude to all of you.
My passion and love for this industry is well-known and I’ve enthusiastically watched as we’ve transformed our broadcast business and simultaneously evolved our digital product. I couldn’t be more proud of our accomplishments — everything from creating new music formats, and launching sports on FM, to the evolution of Radio.com and now Play.it, our on-demand podcast network. We’ve made it easier than ever before for listeners to experience our content through new online, mobile and event platforms.
However, as much fun as I’ve had, it’s now time to “pivot” in my personal life. With four kids either grown, out of the house or on their way to college, I would like to do some “retirement” type things like leisure travel and spending more time doing my favorite hobbies.
Broadcasting will always be part of my life. I am happy to continue with CBS Radio on a consulting basis, and I will also be doing more work for the Broadcaster’s Foundation, a cause that I believe so much in. Finally, this fall I will be doing play-by-play for select college basketball games, a passion I followed early in my career. I guess you never get rid of the disc jockey blood you’re born with.
Most people are lucky enough to have one great run at the helm of an organization — I’ve had two. My thanks to Leslie Moonves who has been so supportive of every new road we traveled down since this extraordinary second time around began for me in 2007. His desire for great content has been an inspiration for all of us and will no doubt continue to be the foundation of the company.
Thank you as well for facing every opportunity with optimism and dedicating yourselves to teamwork, excellence and creativity. You have been great colleagues. I look forward to seeing you all grow in the years ahead, adding to a long list of successes.
With warmest regards,