History
Global Traffic Network was incorporated in Delaware in May 2005 by William L. Yde, III, who had sold a traffic company to billionaire David I Saperstein, the former CEO of Metro Networks, in 1996.
Yde, who had been living in Las Vegas, Nevada assembled a management group from within Metro Networks and Westwood One, including Shane Coppola, Westwood’s CEO, and Gary Worobow, who was Westwood One’s general counsel, as well as board member of Five “S” Capital, owned by Saperstein.
Yde united four helicopter traffic companies that had been operating in Australia, Canada and Europe. Those four helicopter companies are now subsidiaries of the parent, Global Traffic Network.
Although Global Traffic Network was originally established to serve only the Canadian provinces, Australia and Europe, the company signed advertising and broadcast management agreements with Westwood One and Metro Networks in November 2005, essentially making Global Traffic Network the aviation arm of Westwood and Metro.
Global Traffic Network now owns dozens of Robinson R44 helicopters to service affiliate contracts in the US, Canada, Australia and Europe, according the 2007 Rotor Roster, a helicopter industry publication that reports annually on the ownership and registration of rotorcraft.
Read more about this topic: Global Traffic Network
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