Former Paramount Stations Group President, Anthony Cassara, Joins Chartwell Partners As Executive Vice President

Former Paramount Stations Group President, Anthony Cassara, Joins Chartwell Partners As Executive Vice President

Business/Entertainment Editors

LOS ANGELES, CA–(ENTERTAINMENT WIRE)–August 21, 2000

Chartwell Partners, LLC, a private investment firm active in the media and communications industry, today announced that Anthony Cassara will join the Company as Executive Vice President, responsible for identifying and implementing investment and acquisition opportunities. Cassara, who will be based in Los Angeles, will report to Chartwell owner A. Jerrold Perenchio.

Most recently, Cassara was President of the Paramount Stations Group. While at Paramount, Cassara developed the strategy that guided the Company’s expansion efforts in the television station business, enabling Paramount to acquire thirteen stations and transforming it from a second-tier station group to the sixth largest commercial broadcast group in the country. During his 7 years as President, the Paramount Station Group became one of the most profitable business units of Paramount Pictures.

“With more than three decades of experience in the media and entertainment business, Tony brings a wealth of industry knowledge and operating experience to Chartwell,” said Perenchio. “During his tenure as President of the Paramount Stations Group, Tony was instrumental in successfully orchestrating a turnaround in that division. He’s seasoned strategist, leader and dealmaker, and I am confident that he will help Chartwell continue to take advantage of the numerous investment and merger and acquisition opportunities in the media and entertainment industry. We are very fortunate to have an executive of Tony’s caliber join our team, and I look forward to working with him as we continue to build Chartwell for the future.”

“I am extremely excited to join Jerry and the excellent team he has assembled at Chartwell,” said Cassara. “It’s evident that the Company has all the key elements for success and I am looking forward to contributing to this strong organization.”

From 1991 to 1992, Cassara served as Chief Executive Officer of Honolulu-based Coral Communications. Prior to working at Coral, from 1989 to 1991, he was General Partner at Cassara and Company, an investment partnership formed to invest in media properties. From 1984 to 1988, Cassara was President and Chief Executive Officer of the seven Wometco Broadcasting stations, known as WBC Corporation. During that time, he was credited with significantly increasing the overall performance of the stations as well as supervising the sales process. In 1988, Cassara orchestrated the sale of WBC to various buyers.

From 1980 to 1982, Cassara was President of the Television Division of Golden West Broadcasters. In 1982, Cassara, together with venture capital firm Kohlberg Kravis Roberts, negotiated a leveraged buyout of Los Angeles station KTLA from Golden West Broadcasters and The Signal Companies. Concurrently, Cassara was appointed President and Chief Executive Officer of KTLA as well as of the new company, Golden West Television. In 1985, Cassara sold KTLA to the Tribune Company for $530 million, in the single largest television station transaction in U.S. history. Prior to Golden West Broadcasters, Cassara held various positions at KTLA-Los Angeles, eventually serving as General Manager. During his four years as General Manager, KTLA became the number two billing station in Los Angeles and the most profitable independent in the country. Cassara began his career in 1969, working as an account executive in New York for Metromedia, TeleRep, and the Petry Company, three of the biggest station representative firms.

Currently, Cassara serves as Chairman of the Television Bureau of Advertising. He has previously served as Director for several prestigious broadcast organizations, including the Independent Television Stations Association, the Hollywood Radio and Television Society, the California Broadcasters Association, the National Association of Broadcasters and the United Paramount Network Affiliates Board. Cassara graduated in 1966 with a Bachelor of Science degree in Marketing/Management from New York University’s School of Business. From 1966 to 1969, he was a U.S. Navy Intelligence Officer.

Formed in 1983, Chartwell Partners, LLC, is an investment firm active in the media and communications industry.

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