Liberated Syndication Inc. (“Libsyn”), the main podcasting platform for creators and advertisers, announced the appointment of Brenden Monaghan as its Chief Government Officer (CEO), efficient instantly. Mr. Monaghan has additionally been appointed to the Firm’s Board of Administrators.
A seasoned chief in expertise and podcasting, Mr. Monaghan will spearhead Libsyn’s subsequent section of innovation and enlargement. His appointment comes as the corporate celebrates its twentieth anniversary in podcasting, marking a pivotal second in its historical past.
Monaghan joins Libsyn from Roda, the place he served as CEO, disrupting the automobile care business with progressive, on demand expertise. He brings intensive podcast business and management expertise, having co-founded and served as CEO of Megaphone, a fast-growing podcasting platform that was acquired by Spotify for $235 million simply six years after its launch.
Below his management, Megaphone delivered a compound annual development fee in extra of 130%. At Spotify, Monaghan led the worldwide Software program-as-a-Service (SaaS) enterprise, increasing its podcasting platform into Europe, the Center East, Africa, and Asia-Pacific areas.
“Brendan’s spectacular monitor file in podcasting and high-growth tech firms, mixed together with his strategic imaginative and prescient and hands-on management, makes him the right alternative to steer Libsyn’s subsequent chapter,” stated Patrick Dolan, Chair of the Board of Administrators at Libsyn. “Along with his steerage, we’re confined that Libsyn will speed up its worthwhile development as a market chief, enhancing our content material creation providers for the subsequent era of podcasters and increasing our promoting market to convey new participating content material to model and company advertisers.”
Mr Monaghan acknowledged, “I’m extraordinarily excited to hitch Libsyn as CEO. Libsyn has an incredible legacy of serving publishers and advertisers alike. I sit up for becoming a member of a robust group to construct upon Libsyn’s achievements and to considerably drive even larger outcomes.”
Previous to Megaphone, Monaghan was Basic Supervisor of Slate Journal, the place he led the writer to profitability and diversified its income streams. Earlier than that, he held enterprise improvement roles at The Washington Put up. Monaghan holds a Grasp’s Diploma in Enterprise Administration from MIT Sloan Faculty of Administration and a Bachelor’s Diploma in Enterprise Administration, with a give attention to Finance, from Duquesne College.
Individually, on October 11, 2024, the Firm and all events to the Registration Rights Settlement (the “RRA”) dated June 3, 2021, entered right into a Waiver Settlement (the “Waiver Settlement”). The Firm entered into the RRA in reference to an fairness financing accomplished in 2021, which supplied members within the fairness financing a proper to Registration Delay Funds within the occasion sure circumstances weren’t met by the corporate.
Below the Waiver Settlement, every participant within the 2021 fairness financing waived its rights to all Registration Delay Funds for all durations after January 1, 2025.
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