Catena Media Appoints Pierre Cadena as New Leader

Catena Media is proud to announce the addition of Pierre Cadena to its leadership team, effective from 1st November. With more than two decades of experience in roles focused on growth within the consumer technology and media sectors, Cadena brings a wealth of expertise to his new position. His most recent role was at Fox Entertainment, where he served as Senior Vice President and Head of Revenue and Strategy for TMZ, a prominent brand in the media industry.

During his tenure at TMZ, Cadena was responsible for shaping the corporate vision and strategic direction across various digital, television, originals, and experiential business segments. Beyond his work at Fox Entertainment, Cadena has also served as a non-executive director of Raketech and held the position of Vice President of Strategy and Corporate Development at Caesars Interactive.

Michael Daly, CEO of Catena Media, expressed his excitement about the addition of Pierre Cadena to the team. He emphasized Cadena's extensive expertise in strategic planning and executing growth strategies for digital media and gaming companies. Cadena's appointment is expected to play a crucial leadership role in Catena Media's ongoing expansion efforts, particularly in North America.

In recent months, Catena Media faced challenges in its financial performance. In the second quarter of this year, the company reported a 16% decrease in revenue. This decline came as a surprise since Catena Media had previously announced long-term media partnerships, appointed a new interim CFO, and unveiled new financial targets for the next two years. Despite these financial setbacks, the appointment of Pierre Cadena demonstrates the company's commitment to turning the tide and achieving further growth in the near future.