Gaylord Chief Resigns

Terry London, chief executive officer of Gaylord Entertainment, announced Monday (July 31) that he is resigning to pursue personal interests, reported The Tennessean. The 51-year-old London has been with the company for 22 years and took the helm following the 1997 retirement of former CEO E.W. “Bud” Wendell. Among Gaylord’s holdings are the Grand Ole Opry, the historic Ryman Auditorium, WMS-AM and FM radio stations and an assortment of country music and lifestyle ventures. One of the more significant events of London’s tenure was the sale of cable networks CMT and TNN, as well as, to CBS, which netted Gaylord $485 million in CBS preferred stock. Earlier this year, CBS merged with Viacom, Inc., home to music networks MTV and VH1. In the second quarter 2000, Gaylord suffered a $14.2 million loss, The Tennessean reported. A company official said the losses are not tied to London’s resignation.