Steve Goldstein Exits Saga as EVP/Group PD

RADIO ONLINE | Thursday, March 26, 2015

Steve Goldstein

Steve Goldstein is exiting Saga Communications as Executive VP and Group Program Director after 28 years with the company, effective March 24. In an 8K filing with the SEC, Saga said he voluntarily resigned from employment with the company and has entered into a separation agreement, effective April 1 as well as a consulting agreement. The separation deal provides that all of the 3,526 shares of class A common stock granted to Goldstein will be fully vested.

Under the consulting agreement, Goldstein will provide consulting services to Saga for a period of fourteen months, provided that he will not be required to work more than a maximum of ten hours per month. Goldstein will receive compensation at the rate of $34,167 per month for consulting services.

Goldstein said, "Saga has been a remarkable home for 28 years. We have built some terrific brands and grown top talent. Best of all has been working with a wonderfully gifted staff. While I will miss them and Ed Christian, I am pleased to continue with Saga in a consulting capacity and am excited to move on to a more entrepreneurial role with my own company, where I will be focusing on digital on-demand audio."

With the exit, Goldstein has formed Amplifi Meida, specializing in the development of digital audio-on-demand podcast content. "As connected cars, Bluetooth and smartphones converge, time-shifted audio will grow exponentially," he continued. "People will listen to content at a time and place of their choosing, just as is occurring rapidly in the television industry with Netflix, DVRs and on-demand video."

Goldstein added, "The top of the iTunes podcast chart is dominated by NPR and affiliates. They have done a tremendous job, but there is a world of mainstream topics yet to be explored for on-demand-audio. That's where Amplifi will live."