Publishers Clearing House appoints Owen O’Donoghue CEO and announces prize programme
Publishers Clearing House named Owen O’Donoghue chief executive on 30 September and announced a Prize Protection Program, the company said. The programme applies to prizes awarded after 15 July, the date ARB Interactive completed its acquisition of PCH assets; PCH’s April bankruptcy filing listed more than $65 million in debts against assets below $12 million.
The appointment and prize safeguards affect PCH’s post-acquisition operations and future sweepstakes obligations.