Liberty Livewire Corporation Appoints Robert T. Walston President and CEO
biz.yahoo.com
SANTA MONICA, Calif., Aug. 10 /PRNewswire/ -- Liberty Livewire Corporation (Nasdaq: LWIRA - news) announced today that, effective August 6, 2001, Robert T. Walston has been appointed the Company's President and Chief Executive Officer. Mr. Walston had been the Company's acting CEO since April 2001, in addition to serving as its President and Chief Operating Officer since June 2000.
Commenting on Mr. Walston's appointment, William R. Fitzgerald, Senior Vice President of Liberty Media Corporation and Chairman of Liberty Livewire, stated: ``Liberty Livewire offers an unparalleled array of traditional and new digital media services to the entertainment and advertising industries. Rob has a tremendous understanding of the strategic growth and operational opportunities for Liberty Livewire. His professional, executive and managerial experience in all of these areas is unmatched, as exemplified by the exceptional job he has done as Liberty Livewire's President and COO. We look forward to working with Rob in his expanded responsibilities and implementing our vision for Liberty Livewire.''
Prior to his employment at Liberty Livewire, Mr. Walston had served as Chairman and CEO of Four Media Company from August 1993 to April 2000, when it was acquired by Liberty Media Corporation (NYSE: LMC.A - news, LMC.B - news) and subsequently contributed in June 2000 into Liberty Livewire.
Mr. Walston, speaking on his appointment, stated: ``Liberty Livewire has a great management team and my appointment as CEO represents the strong commitment of the Board and our controlling shareholder, Liberty Media, to our execution of Liberty Livewire's strategic plan. All the elements of success are present and I accept this position with enthusiasm and anticipate great things to come.''
About Liberty Livewire Corporation
Liberty Livewire Corporation provides a wide range of content preparation, management, and distribution services to worldwide clients in the feature film, television, and advertising industries. The Company also provides interactive television services under the brand name HyperTV® with Livewire. Liberty Livewire conducts business in five countries, including substantial operations in the entertainment centers of Los Angeles, New York, and London. Liberty Livewire is a majority-owned subsidiary of Liberty Media Corporation (NYSE: LMC.A - news and LMC.B - news), which holds interests in a broad range of video programming, communications, technology and Internet businesses in the United States, Europe, South America and Asia.
This press release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``intends,'' ``believes'' and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE: Liberty Livewire Corporation |
