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FYI

Charles Cutts Named Interim CEO Of JAZZ.FM91

Ross Porter has stepped down to become President Emeritus after serving as President and CEO for the past 14 years.

Charles Cutts Named Interim CEO Of JAZZ.FM91

By FYI Staff

Ross Porter has stepped down as President and CEO of JAZZ.FM91 Toronto and is replaced by Charles Cutts who will serve as interim CEO of the popular not-for-profit FM.


The Board of Directors of JAZZ.FM91 made the announcement today (May 31). The statement said that Porter C.M. has stepped down to become President Emeritus after serving as President and CEO for the past 14 years. He recently celebrated his 40th anniversary in broadcasting and will now spend more time with his family and his ailing wife.

Cutts joined the JAZZ.FM91 Board in April 2018 and presently serves as a consultant to the arts and entertainment industry.

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In 2015 he retired after serving for 33 years as President and CEO of Roy Thomson and Massey Hall and previously the O’Keefe Centre (currently the Sony Centre for the Performing Arts).

As Interim CEO, Cutts will be the executive representative on the Board and assumes overall responsibility for management of the station including oversight of the member executive leadership team. Concurrent with these leadership changes, the Board has established a committee to undertake a review of the station’s organizational structure and scope.

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Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets
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Sources say the BlackRock-backed company bid slightly above $650 million for the assets, though the deal has yet to close.

Apparently, the third time really can be the charm, as sources say Influence Media Partners has emerged as the winner in the auction for the music assets of Anthem Entertainment, the Canadian music firm that houses music publishing assets and recorded masters royalties from the likes of Rush and Timbaland.

While two earlier efforts to sell the firm in 2017 and 2022 came up short, sources suggest that in the third go-round, the successful Goldman Sachs-shopped deal saw at least two bids come in above the $600 million mark, even though most other bidders were said to be in the $500 million to $600 million range before dropping out. In all, sources suggested that about a dozen suitors kicked the tires on Anthem.

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