Ken Yager moderates TMA Breakfast Forum: Restructuring Media and Entertainment Companies (Podcast)
"The Digital Revolution: Restructuring Media and Entertainment Companies in the Internet World"
March 9, 2012
The Standard Club
320 South Plymouth Court
7:30 a.m. Continental Breakfast
8:15 a.m. Announcement and Speakers
9:30 a.m. Adjournment
The Internet continues to have a transformative impact on the Media & Entertainment industries. Pushed by the economic recession and changing consumer preferences, the mitigation of content to digital mediums has prompted many businesses to rethink and overhaul their business models. As typically occurs when the ground shifts, some businesses must restructure their balance sheets and operations to survive, while others turn to Chapter 11. Our diverse group of panelists will provide insights on the past and continuing challenges in the media and entertainment sectors, along with lessons learned executing reorganizations. The panel also will aim to identify future opportunities for investors and restructuring professionals.
Kenneth R. Yager II, Principal at MorrisAnderson. He has nearly two decades of executive leadership experience in stakeholder communication. Ken regularly takes on P&L and risk-management responsibility for cash-constrained companies in growth, leveraged-buyout and turnaround situations. He also has successfully worked on implementing dozens of initiatives involving operations and project management, team building, B2B marketing, and sales and joint-venture management. He is a fierce advocate for stakeholder rights and pragmatic transparency. Ken has particular expertise helping companies in the business services sector. His experience is in media, IT, field services and professional services, as well as printing.
Barbara Cohen, President of Kannon Consulting, a Chicago-based marketing and strategy consulting firm. Previous to Kannon, Barbara was a partner at Booz, Allen & Hamilton and Brand Manager at Procter & Gamble. Barbara serves clients in a range of industries focusing on identifying revenue growth opportunities. In media, she has helped assess the revenue impacts of changes in consumer and advertiser behavior, competitive actions, regulatory and technology trends as well as client's own forecasts for new products, distribution channels and pricing. Media and technology clients have included Yahoo!, Tribune Company, Chicago Public Media, Hearst Corporation, Sun-Times, Washington Post, cars.com, AT&T, Gannett among others.
Charles DelGrande, Senior Managing Director of McGladrey Capital Markets and head of the firm's Technology, Media, Entertainment and Gaming group. He has more than 25 years of investment banking, eBusiness, Technology and media industry experience, including venturing, investment and business development. Charles has managed both sell-side, buy-side and private placement engagements, completed special committee work for boards, and has led or co-led strategic investments for growth companies. He spent more than 15 years at the Chicago Tribune, and related media company joint ventures.
Jim McDonough, Senior Vice President, Chief Administrative Officer, General Counsel and Secretary of Sun-Times Media Holdings, LLC. Jim joined a predecessor company in January 2005 as Assistant General Counsel and Chief Counsel of the company's Chicago Group, which includes the Chicago Sun-Times and its suburban affiliates. He became the Vice President, General Counsel and Secretary of the Company on December 29, 2006 and Chief Administrative Officer in January 2009. Before joining the Company, Jim was a partner in the law firm of Gardner Carton & Douglas LLP in Chicago. At Gardner, Carton & Douglas, Jim was a member of the Corporate Department, serving as vice chair of the department for several years. He also served in various leadership roles in the firm, including the Chair of the Strategic Planning Committee of the Firm. He joined the firm in 1984.
Michael Messersmith, Partner of Kaye Scholer LLP. He represents lenders, bondholders, agents, indenture trustees, hedge funds and other financial institutions, as well as borrowers, in distressed situations, workouts and bankruptcy proceedings throughout the United States. A primary focus of Michael's practice is advising ad hoc groups of lenders and bondholders in restructuring situations. Michael maintains specific expertise in the media industry and has recently handled distressed transactions involving radio and television broadcasting, publishing, printing, and directory businesses.
Members: $40 ~ Non-Members: $65
Students: $15 ~ Guest of Member: $20