McMillin, Jacobson upped at Chancellor
B'caster in line for radio title
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McMillin succeeds Matthew E. Devine, who, the Dallas-based multimedia conglom reported, resigned "to spend more time with his family and to pursue other business interests."
Jacobson, 39, joins the company from LIN Television, where for four years she served as treasurer and VP of corporate development.
LIN, formerly the television arm of Dallas-based buyout firm Hicks Muse Tate & Furst, was absorbed into Chancellor last year. Chancellor, itself controlled by Hicks Muse, has also agreed to buy its sister radio company, Capstar Broadcasting, for $4.1 billion.
Completion of the Capstar deal, expected this year, will make Chancellor the country's largest radio broadcaster, with 465 stations. It already ranks as the country's fifth-largest outdoor advertising company and, with 13 network-affiliated television stations in eight markets, qualifies as a major TV broadcaster as well.
CEO and president Jeffrey A. Marcus assumed the reins of Chancellor last year after selling Marcus Cable, the country's ninth-largest cabler he founded in 1990 and ran for eight years, to Paul G. Allen in a transaction valued at $2.775 billion.
McMillin, formerly an exec VP and CFO, followed Marcus to Chancellor in September.
Since then, McMillin has been directing the integration of 36,000 outdoor advertising displays recently acquired by the media consolidator.
