iBeam appoints new CFO

Streaming media company iBeam Broadcasting says it has appointed Randall Gausman as its chief financial officer. iBeam runs a streaming media satellite network that promises more efficient audio and video feeds over the Internet. Gausman has experience in financial management and operations and has worked for companies such as Zantaz, American President Companies, Viacom Cable and Ford Motor Company. Gasman's appointment became effective on Monday.

The announcement comes shortly after the Sunnyvale, Calif-based company cut its staff by 25 percent in April. Two months later, Williams Communications, a communications carrier, invested $30 million in iBeam. The satellite-based streaming media company will use Williams' global fiber-optic network, and the two companies will jointly develop new streaming-media services. iBeam competes with companies such as Akamai Technologies.