Toronto, Ontario, April 2, 2014 – Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM) (AIM: MM) (“Mood Media” or the “Company”) is pleased to announce its nominees for election to the board of directors at its forthcoming annual and special meeting (the “Meeting”) of shareholders scheduled to occur on May 13, 2014.
The nominees are Messrs. Steven Richards, Philippe von Stauffenberg, David Richards, Gary Shenk, Harvey Solursh, James Lanthier, Kevin Dalton, Richard Kronengold, Richard Warren and Ross Levin.
“The Company’s 2014 slate of nominee directors is a key part of our process of enhancing Mood Media, including board and management renewal”, said Mr. von Stauffenberg, Executive Chairman of the Company. “Since the Fall of last year, we have significantly enhanced and expanded our executive team, under the leadership of Steve Richards and have substantially refreshed our board’s composition. The latest nominees, Messrs. Levin, Kronengold and Warren bring to seven the number of new directors recently appointed or nominated for election in May. Collectively, the directors bring vast media, technology, financial and capital markets experience to Mood Media’s board.”
Messrs. Levin, Kronengold and Warren, are being nominated with the support of Arbiter Partners Capital Management, LLC (“Arbiter”), who had identified and proposed these nominees to the Company. Arbiter is one of the Company’s largest shareholders, beneficially owning or having control or direction over approximately 14% of the Company’s outstanding common shares. Mr. Levin is a principal of Arbiter, a Chartered Financial Analyst and has served on the boards of two public companies listed on U.S. exchanges. Mr. Kronengold is a seasoned media executive, having been Chief Marketing Officer for BBDO and RadicalMedia prior to founding Spark361, LLC. Mr. Warren is a former Associate General Counsel of Verizon Communications, Inc.
“At the same time, we wish to acknowledge and express our gratitude for the important contributions that Messrs. Plotkine and Weil have made to the Board and the Company,” added Mr. von Stauffenberg. “We have great appreciation for their efforts over these past many years.”