Sydney, 27 January 2021 - GTN Limited (ASX: GTN) (Company or GTN), the largest supplier of traffic information reports to radio stations in Australia, the United Kingdom, Canada, and Brazil, wishes to advise that Mr Robert Loewenthal has stepped down as Chairman effective immediately as a result of the increasing work commitments and growth of Whooshkaa, of which he is Founder and CEO. Mr Loewenthal will remain as a Non-executiveDirector of the Company.
The Board have elected Mr Peter Tonagh as Chairman to replace Mr Loewenthal. Peter has a background as a C-suite executive in large Australian media companies, including as CEO of Foxtel and News Corp Australia, interim-CEO of REA Group and Chairman of Multi Chanel Network and was formerly a partner at The Boston Consulting Group where he led the Asia Pacific Organisation Practice and worked across media, consumer and financial services businesses.
William L. Yde III, Chief Executive Officer and Managing Director of GTN, thanked Mr Loewenthal for his contribution as Chairman and welcomed Mr Tonagh's appointment as the Chairman of the Company.
Peter Tonagh, said "I welcome the opportunity to act as Chairman of GTN and look forward to working more closely with Bill and the GTN management team as we continue to look for ways to expand and grow our business, especially in Australia, our largest market."
CONTACT:
Scott Cody
GTN Limited
Chief Financial Officer & Chief Operating Officer
Level 42, Northpoint
Ph:
+61 2 9963 6760
100 Miller Street
scott.cody@globaltrafficnet.com
North Sydney, NSW 2060
This statement was approved by the Board of Directors of GTN Limited
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GTN Limited published this content on 27 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2021 01:43:05 UTC
GTN Limited is an Australia-based company, which is engaged in the sale of commercial advertising commercials adjacent to traffic and news information reports that are broadcast on radio and/or television stations in Australia and international markets, including Canada, the United Kingdom and Brazil. The Companyâs GTN is an advertising platform designed to enable advertisers, generally large national advertisers, to reach demographics. GTN offers advertising spots on television and radio networks, adjacent to information reports that listeners are typically engaged with, such as traffic and news. Advertisers purchase a schedule of radio spots on a national, regional or specific market basis. The schedule includes spots on all of GTN's radio affiliates in the relevant market.
GTN LIMITED 
