Manoni Replaces Malkin as Source Media CEO
Ex-Wicks Business Information exec takes chief executive role.
Doug Manoni, the ex-CEO of Wicks Business Information, has been named CEO of Investcorp-owned Source Media, replacing Jim Malkin, who has left the company.
A Source spokesperson declined to comment on the circumstances surrounding Malkin’s departure.
Source also said it was promoting Rich Antoneck, senior vice president of financial operations, to CFO. Antoneck succeeds Bill Johnston, who also is leaving the company.
Manoni joined Source in September 2008 as executive vice president and managing director of its then recently-created banking division, which publishes magazines including American Banker and Bond Buyer. A month earlier, Source had reorganized into four strategic business groups and named a team to head each of those divisions.
Among the four division leaders, Manoni was the only to carry the designation of corporate officer. It was unclear at the time why the other division heads did not have that same status.
Summit Business Media, another publisher covering the financial industry, bought Wicks Business Information in July 2007 for an estimated $40 million.
Malkin’s and Johnston’s departures represent the second such changing of the guard among trade publishers in recent weeks. Earlier this month, Paul Mackler left HMP Communications Holdings as chairman and CEO. In November, CFO Ken Fisher also left the company.