Bright Mountain Media, Inc. Announces Resignation of Pamela J. Parizek from the Board of Directors
January 24, 2024 at 05:05 pm EST
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On January 18, 2024, Pamela J. Parizek, a director of Bright Mountain Media, Inc. notified the Company that she was resigning from the board of directors, effective immediately. At the time of her resignation, Ms. Parizek was also the Chair of the Company?s audit committee. Ms. Parizek?s resignation was prompted by a disagreement as to how to handle a matter with the Company?s lender.
Over the course of several conversations and meetings, Management of the Company and the Board discussed the matter with the Company?s internal counsel and outside counsel. Pursuant to its standard procedures, outside SEC counsel recommended to the Board that the Company pursue the course of action that ultimately prevailed, supported by a four to one vote by the Board of Directors.
Bright Mountain Media, Inc. focuses on digital publishing, advertising technology, consumer insights, creative and media services. The Company has an end-to-end digital media and advertising services platform that connects brands with targeted consumer demographics. Its digital publishing division focuses on developing content that attracts an audience and monetizes that audience through advertising. Its portfolio of owned and operated Websites is focused on moms, parenting, families, and more broadly, women. The portfolio consists of Websites, including Mom.com, Cafemom.com, LittleThings.com, and MamasLatinas.com. Its advertising technology division focuses on delivering targeted ads to audiences on owned and operated sites as well as third-party publishers through the deployment of technologies. Its consumer insights division focuses on providing primary and secondary research, competitive intelligence, and insight to address customers' strategic issues.