Change always causes some confusion and questions to be raised but let me state the facts.
I am going to the Journal Register Company but I will remain as CEO of impreMedia until the end of January. I will continue to be a member of the Board of Directors of impreMedia and I will continue to be an investor.
We on the board have started a search for a new CEO and have brought in a brilliant media executive in Mike Wortsman to act as interim CEO. Mike, as you know, was a senior exec at Univision.
No secrets here. I was presented a new opportunity and after nearly 7 years I thought it was time to move on. ImpreMedia is a solid and growing company. As an investor, I am putting my money where my mouth is.