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Stock impact report

LiveOne (Nasdaq: LVO) and PodcastOne (Nasdaq: PODC) Promote Ryan Carhart to Chief Financial Officer

LiveOne, Inc. (LVO) 
Company Research Source: GlobeNewswire
Expands Cost Savings via Restructuring to Over $23 MillionPaid Down $3.7 Million to East West Bank LOS ANGELES, Feb. 25, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today Ryan Carhart's promotion to Chief Financial Officer of LiveOne, PodcastOne and all their subsidiaries, effective as of February 19, 2025. Robert Ellin, CEO of LiveOne, commented, "We're thrilled to promote Ryan to CFO. Ryan brings strong financial discipline, respected relationships with analysts, bankers, and our financial team, and a proven track record of effective bank relations. Since his promotion, Ryan has taken immediate action, implementing measures anticipated to result in additional $13 million in cost savings, including significant reductions in expenses at CPS, to achieve anticipated total cash savings of over $23 million.” Mr. Ellin added, “Ryan has also played a key role in securing a new loan agreement wi Show less Read more
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