National Association of Broadcasters board members Wednesday officially endorsed Eddie Fritts' plans to stay at the group's helm another two years.
The NAB board signed their long-time president to a two-year contact keeping him in his job, probably until April 2006. After he steps down from the president's chair, Fritts will remain as a consultant until April 2008.
Details of the contract were previously reported by Broadcasting & Cable. Fritts also announced that a presidential succession plan will begin next year, and that a new president is expected to be in place by April 2006 at the latest.
By agreeing to a succession plan, NAB puts to rest ugly disagreements that flared at the groups annual convention in May. There, some TV board members pressed Fritts to make a quick exit.
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