BROADCASTING EXECUTIVE RICHARD L. GEISMAR NAMED DIRECTOR OF GUY GANNETT PUBLISHING CO.
PORTLAND, Maine, March 23 /PRNewswire/ -- Richard L. Geismar, president of Broad Street Ventures, a media-management investment and operating company in Riverside, Conn., today was elected to the board of directors of Guy Gannett Publishing Co., the family-held media company based in Portland. Geismar is also chairman of Broad Street Television, a privately-owned organization which owns NBC affiliate KWQC-TV in Davenport, Iowa. Making the announcement, Jean Gannett Hawley, publisher and chairman, said, "We are pleased to have an individual with Richard Geismar's extensive broadcasting experience join our board of directors. As CEO of his own broadcasting company, Richard knows first-hand about the changes and marketing trends facing this industry. His broadcasting perspective, along with the exceptional talents of our other directors, truly rounds out our board." Richard Geismar has been active in the communications industry for more than 40 years. In 1948, he joined WABD-TV in New York City which was owned by the DuMont Television Network. Over the next 20 years, Geismar played a key role in the growth of that organization, which became Metromedia, Inc. in 1961. As vice president and treasurer, and later, chief financial officer, he was involved with acquisitions, financing, operations and divestitures. Geismar left Metromedia in 1969 to become president and a director of Reeves Telecom Corp. Two years later, he formed Broad Street Communications Corp., a privately-held communications company which owned and operated radio stations, CATV systems, and provided consulting services to a wide range of media clients. When Broad Street Communications was sold in 1984, he formed his current company, Broad Street Ventures. Richard Geismar holds a BmgtE degree from Rensselaer Polytechnic Institute and an MBA from Harvard University. Guy Gannett's 13-member board is comprised of six family members, six outside directors and the company's President and CEO James B. Shaffer. Commenting on his appointment, Geismar said: "Guy Gannett Publishing has a new management team who will take several highly regarded communications assets and propel them into the 21st century. Since most of my life has centered around the communications industry, I'm delighted to be a part of those efforts." Guy Gannett Publishing Co. has print and broadcast holdings in six states. They include: The Portland Newspapers, which publishes the Portland Press Herald and the Maine Sunday Telegram; Central Maine Newspapers, which publishes the Kennebec Journal in Augusta and the Central Maine Morning Sentinel in Waterville; and Minnesota Sun Publications, a chain of community newspapers in suburban Minneapolis. The company also owns four network affiliate television stations: WGME-TV, Portland, Maine; WGGB-TV, Springfield, Mass; KGAN-TV, Cedar Rapids, Iowa; and WICS-TV, Springfield, Ill. In addition, Guy Gannett owns Shakopee Valley Printing, a commercial printer in the Minneapolis area, and broadcast towers in central and south Florida. Guy Gannett Publishing Co. has approximately 1700 employees, is privately-held, and is not related to the publicly-traded Gannett, Inc. media company. -0- 3/23/93 /CONTACT: Marnie Flynn, corporate communications, Guy Gannett Publishing Co., 207-780-9223/
CO: Guy Gannett Publishing Company ST: Maine IN: PUB SU: PER
DJ -- NE011 -- 9286 03/23/93 15:47 EST
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|Date:||Mar 23, 1993|
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