\ Communications Strategy and Policy Expert Rebecca Hanson Joins HC2 Broadcasting Subsidiary
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Communications Strategy and Policy Expert Rebecca Hanson Joins HC2 Broadcasting Subsidiary

July 09, 2018 --

NEW YORK, July 09, 2018 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2”) (NYSE:HCHC), a diversified holding company, announced today that Rebecca Hanson, formerly Senior Vice President, Strategy and Policy, for Sinclair Broadcast Group, will serve as Executive Vice President and General Counsel of HC2’s subsidiary HC2 Broadcasting Holdings Inc. (“HC2 Broadcasting”), effective today, July 9, 2018.

In this role, Ms. Hanson will be responsible for the legal and regulatory operations of HC2’s television stations, including transition to the new ATSC 3.0 standard and related broadcast innovations.  Ms. Hanson joins industry veterans Kurt Hanson (no relation) and Louis Libin, who were recently appointed to lead and accelerate the growth of HC2 Broadcasting as a premier over-the-air (“OTA”) distribution platform.

“Rebecca will be an excellent addition to the leadership team at our broadcasting subsidiary,” said Philip Falcone, HC2’s Chairman, Chief Executive Officer and President.  “She brings with her senior level experience in entertainment, wireless communications and regulation that will be vitally relevant as we pursue our vision of building the country’s most comprehensive OTA distribution platform for content.”

Ms. Hanson said, “HC2 Broadcasting is well-positioned to capitalize on opportunities provided by the changing media ecosystem, including the transition to ATSC 3.0. Working in both the private sector and in a leadership role at the FCC, I have developed a deep understanding of how a broadcast platform like what HC2 has been building can deliver value to content providers, viewers, and shareholders.  I look forward to working closely with Phil, Kurt, Louis and the rest of the HC2 Broadcasting management team to make that vision a reality.”

Ms. Hanson joined Sinclair Broadcast Group in January 2014 to open Sinclair’s Washington, D.C., office and to represent Sinclair’s policy interests at the Federal Communications Commission (“FCC”) and on Capitol Hill.  She was appointed to the NAB Television Board of Directors in March 2014, and has recently been appointed to the Board of the NAB Education Foundation.  Prior to joining Sinclair, Ms. Hanson served at the FCC for more than four years as Senior Advisor, Spectrum, in the Media Bureau, where she served on the Incentive Auction Task Force as the point person for broadcaster participation and issues affecting nonparticipating broadcasters.

From 2007 to 2009, Ms. Hanson was Vice President of Strategic Initiatives at Sprint, where she was responsible for the launch and long-term growth strategy for the WiMAX network, the first 4G wireless broadband network in the United States, and was a member of the deal team leading the $14.5 billion financing and merger with Clearwire for a national spectrum footprint. 

From 2000 to 2006, Ms. Hanson was Senior Vice President for Business Development at XM Satellite Radio.  Prior to XM, she was an attorney with the law firm ShawPittman (now Pillsbury), where she specialized in the areas of technology, commercial finance, and venture capital.  Ms. Hanson received her B.A. from Sarah Lawrence College and her J.D. from Georgetown University Law Center.

About HC2

HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders.  HC2 has a diverse array of operating subsidiaries across eight reportable segments, including Construction, Marine Services, Energy, Telecommunications, Life Sciences, Broadcasting, Insurance and Other.  HC2’s largest operating subsidiaries include DBM Global Inc., a family of companies providing fully integrated structural and steel construction services, and Global Marine Systems Limited, a leading provider of engineering and underwater services on submarine cables.  Founded in 1994, HC2 is headquartered in New York, New York.  Learn more about HC2 and its portfolio companies at www.hc2.com.

About HC2 Broadcasting

HC2 Broadcasting Holdings Inc. is the broadcasting subsidiary of HC2 Holdings, Inc.  HC2 Broadcasting currently operates approximately 150 operational stations, including 10 full-power stations, 42 Class A stations and 98 LPTV stations.  In addition, HC2 Broadcasting has approximately 500 silent licenses and construction permits.  The total HC2 Broadcasting footprint, excluding construction permits, covers approximately 60 percent of the U.S. population, in over 130 U.S. markets, including 9 of the top 10 markets across the United States.

Cautionary Statement Regarding Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains, and certain oral statements made by our representatives from time to time may contain, forward-looking statements, including statements regarding the commencement or completion of the offering.  Generally, forward-looking statements include information describing the offering and other actions, events, results, strategies and expectations and are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions.  The forward-looking statements in this press release include, without limitation, statements regarding our expectation regarding building shareholder value.  Such statements are based on the beliefs and assumptions of HC2’s management and the management of HC2’s subsidiaries and portfolio companies.  The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company’s actual results could differ materially from those expressed or implied in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on Forms 10-K, 10-Q and 8-K.  Such important factors include, without limitation, the ability of our subsidiaries (including, target businesses following their acquisition) to generate sufficient net income and cash flows to make upstream cash distributions, capital market conditions, our and our subsidiaries’ ability to identify any suitable future acquisition opportunities, efficiencies/cost avoidance, cost savings, income and margins, growth, economies of scale, combined operations, future economic performance, conditions to, and the timetable for, completing the integration of financial reporting of acquired or target businesses with HC2 or the applicable subsidiary of HC2, completing future acquisitions and dispositions, litigation, potential and contingent liabilities, management’s plans, changes in regulations and taxes.

These risks and other important factors discussed under the caption “Risk Factors” in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), and our other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release.

You should not place undue reliance on forward-looking statements.  All forward-looking statements attributable to HC2 or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements.  All such statements speak only as of the date made, and HC2 undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

For information on HC2 Holdings, Inc., please contact:

Andrew G. Backman

Managing DirectorInvestor Relations & Public Relations

[email protected]

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