Earlier today, we told you that Randy Michaels formed a company–Merlin Media to purchase three Emmis radio stations, including WRXP in New York.

Michaels becomes CEO and chairman of the new venture.

John Gehron was named chairman of the advisory board. He’ll be responsible for building a strategic and robust relationship with key business partners in Chicago. Gehron has 40 years of experience as a pioneer and leader in the radio industry.

Liz Aiello joins the fledgling company as VP. Aiello most recently was SVP of broadcast at Martha Stewart Living Omnimedia. She was recruited by the company to revise the Martha Stewart Living Radio station brand on Sirius Satellite Radio.

“At Merlin Media, we aren’t building a broadcast company, but a multimedia, multiplatform company,” said Randy Michaels, chairman and CEO, Marlin Media. ”Liz has deep experience in radio, television, satellite, cable and interactive, and her intelligence and extensive contacts in New York will be the perfect addition to our new company. We are pleased to welcome them both, and the unique strengths they bring with them, to the Merlin Media team.”

Previously, Aiello worked for Howard Stern, and served as WABC/Channel 7 managing editor and executive producer.