Townsquare Media Inc. promoted Bill Wilson and Dhruv Prasad to co-CEOs of the company, effective Oct. 16.
Wilson and Prasad replace Steven Price, who will transition to a new role of executive chairman of the board. Erik Hellum was named COO of Local Media.
Price founded the company in May 2010 and previously served as chairman and CEO of Townsquare. Prasad, who is a co-founder of Townsquare, joined Townsquare in 2010 and most recently served as executive vice president of live events. Wilson joined the company in September 2010 and most recently served as executive vice president and chief content and digital officer of the company.
Hellum joined Townsquare as senior vice president in August 2010, after the acquisition of GAP Broadcasting LLC, where he served as president of GAP West.