After more than three decades with Cox Media Group, Executive VP of Radio Bill Hendrich will retire Dec. 31. Hendrich, who will remain in an advisory capacity in 2021, oversaw programming operations and sales for the company’s radio group, while also managing CMG’s Radio Revenue and Radio Digital teams.
His exit is the latest in a series of departures from the corporate ranks after the December 2019 sale of the company from Cox Enterprises to affiliates of Apollo Global Management. In May 2020, Kim Guthrie left as CMG President and CEO after a 22-plus year career with the company. Three weeks later the company appointed Daniel York as her successor. Brett Fennell, Executive VP and Chief Financial Officer exited the group shortly after York’s appointment and was recently replaced by former Cumulus Media CFO J.P. Hannan.
“Bill’s retirement comes with a wealth of gratitude and mixed emotions,” York said in a release. “In the time I have known him, he has shared his exceptional passion, focus and leadership from which our company, and our industry, has immeasurably benefited. Bill’s legacy of decisive leadership, his personal style and his deep experiences in radio and beyond will inform our work well into the future.”
“Although I’m retiring from CMG, I will remain an active and passionate supporter of this great company,” Hendrich added. “For the past 31 years, I have been able to work with the best and most talented team in the radio industry. With NewCity Communications, Cox Enterprises and Apollo, I have been a part of three outstanding companies–each bringing valuable and innovative ideas to keep radio viable in today’s media landscape. I look forward to continuing our work together in an advisory capacity to help the team at CMG serve their audiences, customers and communities with best-in-class services. I joined a great company in 1989 and I get to leave that same great company with pride 31 years later. I am a lucky man.”
Prior to his current role, Hendrich led integrated radio and TV operations in multiple major media markets for CMG. He also led the company’s Healthcare Acceleration efforts that helped CMG’s markets and ad sellers succeed in the healthcare category. Hendrich previously served as the VP and Market Manager of CMG’s six-station radio group in Jacksonville and as VP and General Manager of CMG Orlando.
Local market changes since the Apollo acquisition include the exits of CMG Houston VP/Market Manager Mark Krieschen and John Shea, VP/GM of the company’s Long Island cluster. Pete Spriggs Director of Branding and Programming at news/talk WSB/WSBB-FM Atlanta retired in February.