You will be redirected back to your article in seconds

Suleman tapped prexy at Infinity

Takes charge of 185 U.S. stations, domestic ads

NEW YORK — Viacom said Thursday it has promoted Farid Suleman to president-CEO of its Infinity radio and outdoor advertising group.

Viacom chief operating officer Mel Karmazin previously held that title, while Suleman, who joined Infinity in 1986, served as exec VP, chief financial officer and treasurer.

The company became a division of Viacom in May when the entertainment conglom bought Infinity parent CBS.

Infinity went public in 1998 in what was at that time the largest initial public offering in the history of the New York Stock Exchange. Infinity’s fast-growing assets are key components of the combined Viacom/CBS group.

But Viacom topper Sumner Redstone and Karmazin have been disappointed by Infinity’s stock price and also felt the company could operate more efficiently as a fully owned subsidiary. So Viacom recently bought back all of Infinity’s outstanding shares and took the company private. That deal closed earlier this week.

Suleman, who is close to Karmazin and highly regarded on Wall Street, has also been exec VP and chief financial officer of Westwood One since 1994. He is a graduate of the University of Nottingham, England, and is a chartered accountant and a CPA.

Infinity owns 185 radio stations in the U.S. and is the largest outdoor advertising company in North America — operating in the U.S., Canada and Mexico. Company has a European presence in the U.K., Netherlands, France, Italy and Ireland, and Infinity manages Viacom’s equity position in Westwood One.

More Biz

  • IWC Schaffhausen store opening, Rodeo Drive,

    8 Luxury Gifts That Industry Leaders Are Spending Their Paychecks On

    Whether you’re celebrating a new launch, a new business venture, or toasting to the end of another successful year, here are eight gift ideas to reward yourself — and to impress the company you keep. 1. Saint Laurent Perforated Leather Tote Bag If you work in the industry, you need a good bag, and you’ve [...]

  • best airlines ranked inflight entertainment

    Holiday Travel Survey Reveals Airlines With Best In-Flight Entertainment

    There are many ways to pass the time if you’re in the air, but for most people, settling in with a glass of wine and a movie is the preferred way to fly. But not all airlines share the same script when it comes to entertainment offerings. A new survey from the website, CableTV.com, ranked [...]

  • Ventana Sur Rocks with Sales, Mass

    Ventana Sur Rocks with Sales, Mass Attendance, Structural Growth

    BUENOS AIRES — Celebrating its 10th anniversary with a huge hike in attendance to over 4,000 accredited delegates, the 2018 Ventana Sur will go down in history on multiple counts: Sales and pick-ups on movies which combined social comment and entertainment value, increasingly the new foreign-language movie standard; new sections, led by a Proyecta co-production [...]

  • Jennifer Lawrence Harvey Weinstein

    Jennifer Lawrence Denies Harvey Weinstein's Claim in Latest Assault Lawsuit

    Harvey Weinstein was hit with a lawsuit Friday from an actress who claims he forcibly performed oral sex on her, repeatedly masturbated in front of her, and threatened to harm her career if she objected. The suit details that Weinstein claimed he was trying to help her and that he was the gateway to her dreams. [...]

  • Times Up Hollywood

    Time's Up Entertainment Announces New Industry Mentoring Initiative

    Time’s Up Entertainment, an affiliate of the Time’s Up coalition of women across industries working to improve workplace safety, has announced the “Who’s in the Room” industry mentoring initiative. The program’s goal is to increase the presence of people of color from diverse backgrounds in the entertainment industry’s executive ranks. Funded by a $500,000 grant from [...]

  • Tom Cruise as Ethan Hunt in

    Paramount Inks Deal for Theme Park in South Korea

    Paramount Pictures has announced a deal to install a studio-branded theme park in an entertainment resort being developed in South Korea. The agreement was struck between Paramount and Mohegan Gaming & Entertainment, which owns the Inspire Integrated Entertainment Resort in the South Korean city of Incheon. Mohegan has invested KRW 2.8 trillion ($2.4 billion) in [...]

More From Our Brands

Access exclusive content