Brisbane, Calif.-based Imagine Radio is splitting from its parent company Imagine Media to merge with Silver Island, a San Francisco online music provider. Imagine Radio will create a new company with Silver Island under the Imagine Radio
name. Imagine Media has a major investment in the new company. Rotem Perelmuter, founder of Silver Island, was named CEO of the new company. Michael Briseno, technical founder of Silver Island, was named chief technical officer. Brad Porteus, formerly managing director of Imagine Radio, will become VP-marketing and business development.
Copyright July 1998, Crain Communications Inc.