He’ll be out of the building sometime before June 30. (My guess is he won’t be doing much in the building during the interim.) Publisher Jim Moroney takes over McKeon’s general manager duties and passes his own direct reports from Providence and Riverside up the ladder to CEO Robert Decherd.
The press release is here. Decherd reports that revenues were down 4 or 5 percent again in the 4th quarter but EBITDA looks good. It calls McKeon’s departure “streamlining”, which seems about right. There’s no need for so much executive firepower in a business that is steadily contracting.
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