NOON -- Cable pioneer and Bresnan Communications LLC founder William Bresnan is stepping down as CEO and assuming the role of chairman. Stepping up to the CEO post is Jeffrey DeMond, who has served as the MSO's president since 2005 and has been a member of the Bresnan exec team for 24 years. (See Bresnan Promotes DeMond to CEO.)
In a statement, William Bresnan, who will focus on the MSO's "strategic and industry relationships," said the "transition is the next step in a success plan begun several years ago to ensure continuity in the goals of our company."
The restructuring also clears the way for Bresnan to pursue some cryptic "strategic opportunities." The company, which is getting its networks ready for Docsis 3.0, didn't say if those opportunities included expansion through acquisitions. (See Arris Nudges Cisco for Northwest Cable Upgrades.)
As it stands, Bresnan today serves about 320,000 subs in portions of Colorado, Montana, Wyoming, and Utah.
Under fire from US broadcasters, Locast is appealing for funds to help it mount a legal defense, a move that was attempted eight years ago by Ivi Inc., an OTT-TV company that was sued out of existence.