Media Contact Information:
Andy Holdgate - 720.270.1325 or holdgatepr@comcast.net
Jamie Smith - 847.716.7000 or jamie.smith@mediafinance.org
For Immediate Release
Gerard Gruosso, Executive Vice President, Chief Financial Officer for A&E
Television Networks, to Receive Distinguished CFO Award from MFM
Award will be Presented at Finance Focus 2011, the 51st Annual
MFM/BCCA Conference, Which Will be held May 15-17 in Atlanta, GA
NORTHFIELD, IL March 24, 2011 – Gerard Gruosso, Executive Vice President, Chief
Financial Officer (CFO) for A&E Television Networks, LLC, will receive the Distinguished
CFO Award from the Media Financial Management Association (MFM) at Media Finance
Focus 2011, the 51st annual MFM/BCCA conference.
Themed “Empowering Growth, Inspiring Progress,” Media Finance Focus 2011 will be
held from May 15-17 at The Westin Peachtree Plaza in Atlanta, GA.
Gruosso, a former member of MFM’s Board of Directors, joined A&E in 1985 as
Assistant Controller and went on to serve as its Controller and Vice President before assuming
his present position in March 2002. He played an instrumental role in the company’s acquisition
of Lifetime Networks and its emergence as a global media company generating over $2 billion in
annual revenues.
Prior to joining A&E, Gruosso served as Manager of Corporate Accounting at Warner
Amex Cable Communications, Inc. He joined Warner Amex in 1980 as a Senior Accountant and
subsequently served as Senior Financial Analyst and Assistant Manager. Prior to that, he was
Senior Accountant at Norton, Lilly & Company. In addition to his involvement in MFM, he is a
member of the Financial Executives Institute.
MEDIA FINANCIAL MANAGEMENT ASSOCIATION
550 West Frontage Road, Suite 3600 · Northfield, Illinois, 60093
(847) 716-7000 phone · (847) 716-7004 fax · www.mediafinance.org
MFM/BCCA – Media Finance Focus 2011
“In nominating him for the award, one of Gerard’s colleagues cited his ability to maintain
the delicate balance between meeting near-term financial performance objectives with investing
in the business in order for it to remain competitive. When you consider that the company has
quadrupled its revenue growth during the eight years Gerard has served as its CFO, he has
clearly mastered that skill,” said Mary M. Collins, President & CEO of MFM and BCCA.
“Gerard has also distinguished himself among his peers for his ability to successfully manage all
of the responsibilities of today’s CFO, which in his case also encompasses IT management and
broadcast operations as well as the full scope of financial administration requirements.”
As previously announced, confirmed keynoters for Media Finance Focus 2011 include
U.S. Senator Michael B. Enzi (Wyoming), Dennis Lockhart, President and Chief Executive
Officer of the Federal Reserve Bank of Atlanta, Jason Bazinet, a Senior Analyst covering
entertainment, cable and satellite equities at Citigroup and Cox Enterprises’ Sanford (Sandy)
Schwartz.
Media Finance Focus 2011 is the only event in the media industry that’s fully devoted to
financial decision-makers from media and communications companies nationwide. This year’s
conference will feature more than 125 presenters and provide the latest information on
accounting, taxes, human resources, technology and credit & collection issues tailored to the
media industry.
In addition to the formal educational sessions, it serves as a forum for industry
professionals to meet and discuss solutions to the challenges posed by this rapidly changing
business climate. The conference exhibit hall provides industry suppliers with the opportunity to
showcase innovations designed to optimize business performance, allowing attendees to bring
real life solutions home from the conference.
The Association’s more than 1,200 active members represent the top financial, general
management, IT, internal audit, human resource, and other media management positions from all
five major television networks, more than 60% of all network affiliates, 4,000 radio stations,
nearly 300 newspaper publishers, in excess of 50 cable programming networks, and cable MSOs
throughout the U.S. and Canada.
MFM is registered with the National Association of State Boards of Accountancy
(NASBA) as a sponsor of continuing professional education on the National Registry of CPE
Sponsors. Educational session attendees are eligible to receive approximately 20 CPE
(continuing professional education) credits.
MFM/BCCA – Media Finance Focus 2011
For more information and to register for Media Finance Focus 2011, visit the MFM Web
site: http://www.mediafinance.org.
About MFM:
Media Financial Management Association (MFM) provides education, networking, information,
and signature products to meet the diverse needs of financial and business professionals in the
media industry throughout the U.S. and Canada. More information about MFM is available on
its Web site: http://www.mediafinance.org. MFM’s media credit reporting subsidiary – BCCA –
provides revenue management services, including professional development programs and credit
reports on national and local media advertisers. More information about BCCA is available at
http://www.bccacredit.com.
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