ASHBURN, Va., April 15 /PRNewswire/ -- DigitalBridge Communications Corp.
(DBC) today announced that Scott R. Royster has joined the company as its
Chief Financial Officer and Executive Vice President of Business Development.
Mr. Royster spent more than 11 years as the Executive Vice President and Chief
Financial Officer of Radio One, Inc., a publicly-traded media company based in
the Washington, DC area, which he left at the end of 2007.
Royster joins DBC at an important time in its development. The company is
one of the first in the nation to deploy WiMAX, a 4th-generation broadband
wireless technology that is expected to become a global, multi-billion dollar
industry and one of the standards for mobile broadband connectivity over the
next five years. DBC is backed by several prominent Washington, DC-based
venture capital firms including Paladin Capital Group, Novak Biddle Venture
Partners, RedShift Ventures and CNF Investments. In January 2008, DBC
completed its Series B venture financing, securing over $20 million.
William Wallace, Executive Chairman of DBC, commented, "Scott brings a
wealth of transactional and capital raising experience to DBC, along with a
sharp strategic mind and a tremendous amount of passion and energy -- all of
which will complement our current world-class management team. DBC is on the
leading edge of the future of the mobile Internet, and Scott will help us
drive our business model to new heights."
When Royster joined Radio One in 1996, it owned seven radio stations
located in the Washington, DC and Baltimore markets. At its peak, Radio One
had grown ten-fold and owned 71 radio stations in 22 markets, along with a
variety of other media assets including an ownership stake in a cable channel
joint venture with Comcast and DirecTV, Giant Magazine, and a variety of media
content assets.
Royster was instrumental in Radio One's 1999 initial public offering as
well as in helping the company to raise several billions of dollars of debt
and equity capital during his 11-year tenure. He was also named the Radio and
TV Broadcasting CFO of the Year in 2006 by Institutional Investor Magazine.
Prior to Radio One, Royster spent seven years in the private equity industry.
He is a graduate of Duke University and Harvard Business School and is a
member of the Boards of Directors of Hilb Rogal & Hobbs Company (NYSE: HRH)
and CW Financial, LLC.
About DigitalBridge Communications
DigitalBridge Communications Corp. ("DBC") is a telecommunications service
provider focused on using WiMAX to deliver broadband services to underserved
communities nationwide. DBC was founded in 2005 by P. Kelley Dunne, Bill
Wallace, and Joe Kochan. Since launching its service late last year, DBC has
deployed networks in 12 markets throughout the U.S. With WiMAX, DBC
subscribers are able to set up service on their own within a matter of minutes
and use their portable service inside or outside their homes and offices. For
more information about DBC, please visit
http://www.digitalbridgecommunications.com.
SOURCE DigitalBridge Communications Corp.