Ones To Watch
People and trends to keep an eye on in 2010.
chairman and CEO, Network Communications Inc.
Most publishing CEOs talk a good game when it comes to digital strategy but McCarthy has proven a deep understanding of both digital and social media. He also just signed a five-year contract at a publishing company that reported a net loss of $10.5 million last year and a loss of $83.4 million in 2008 (EBITDA fell from $29 million to $19.5 million during the period). Serving the troubled housing markets, the company is owned by private equity and carries almost $300 million in debt.
founder and editor-in-chief, Story River Media
As former managing editor of TIME, Life and People magazines (as well as former corporate editor of Time Inc.), Gaines is well versed in the ways of the big consumer publisher. In 2010, he launched his own startup in Story River Media, a multi-media publishing company, and will put his expertise to work in the new media landscape.
Richard D. Beckman
CEO, e5 Global Media
The longtime Conde Nast executive, who served as president and CEO of Fairchild Fashion Group, took over as CEO of e5 Global Media in January 2010. e5 consists of the eight former Nielsen Business Media media/entertainment brands, such as The Hollywood Reporter and Billboard. e5 was founded formed by private equity firm Pluribus Capital Management and financial services firm Guggenheim Partners.
editor-in-chief, Bloomberg BusinessWeek
In a move that raised some eyebrows, Bloomberg BusinessWeek in November 2009 hired former Time.com managing editor Josh Tyrangiel to replace outgoing editor Stephen Adler who elected to resign after Bloomberg announced the acquisition of the magazine. Tyrangiel reports to Bloombergâ€™s chief content officer and BusinessWeek chairman Norman Pearlstine, who has displayed a good sense of the magazineâ€™s fit in the Bloomberg portfolio. But in a category thatâ€™s been hammered with declining revenue, BusinessWeek is out to prove itâ€™s worth far more than its estimated $2 million to $5 million price tag.Â
CEO and editor-in-chief, Breaking Media
Longtime Advertising Age editor Jonah Bloom resigned in December 2009 to serve as editor-in-chief and CEO of digital startup Breaking Media. Now he has to make that confidence in digital media pay off. â€śBreaking Media has already started building a model that [executive editor] Matt Creamer and I had been talking about for a while,â€ť Bloom tells Folio:. â€śSo much of the audience today is getting their business information online, and there are an increasing number of ways you can serve and monetize those communities. Breaking has a great opportunity to be one of the publishers reinventing business journalism and b-to-b marketing, totally unencumbered by any legacy or preconceptions about how it should operate.â€ť
CEO, Readerâ€™s Digest Association
After filing for pre-packaged Chapter 11 in August 2009 (in which it reached an agreement in principle with a majority of its senior secured lenders on terms of a restructuring plan to reduce the companyâ€™s debt from $2.2 billion to $550 million), Readerâ€™s Digest finally emerged from bankruptcy in February 2010 after a long dispute with pensioners in the UK. However, the company is expected to announce a new corporate name and whether Berner will remain at the helm is a question mark.
Wayne & Marshall Cooper
president and CEO, Chief Executive Group, LLC
Wayne and Marshall Cooper have been successfully building niche media businesses together since 1996 when they transformed Kennedy Information into a multi-media platform with organic revenue growth averaging 50 percent a year. With their partners at Greenhaven, they also built Pyramid Research, Media Publishing Intâ€™l and Vizium. The brothers just purchased 32-year old Chief Executive have their sights set on transforming it into a new media powerhouse.