AMERICAN MEDIA, INC. NAMES MARC FIERMAN CORPORATE SENIOR VICE PRESIDENT OF FINANCE
Fierman Also Named Chief Financial Officer of AMI Subsidiary, Distribution Services, Inc.
New York, NY, July 6, 2011— American Media, Inc. (AMI) Chairman, President and CEO, David J. Pecker, announced today that Marc Fierman has been named Corporate Senior Vice President of Finance, as well as Chief Financial Officer of AMI subsidiary, Distribution Services, Inc. (DSI).
In his new role at AMI, Mr. Fierman will work closely with Mr. Pecker overseeing the company’s publishing services business unit. At the same time he will also be responsible for all financial operations at DSI, the industry’s leading in-store magazine merchandising company.
“Marc has been a CFO for over 15 years, and I have known him personally for much of that time,” said Mr. Pecker. “His experience includes over 25 acquisitions in the publishing sector as well as spearheading Source Interlink’s secondary offering. Marc’s diverse financial background in both the public and private markets make him a huge asset to our company.”
Mr. Fierman had served as Chief Financial Officer at Source Interlink since November 2002. Prior to that Fierman was SVP/Finance for various Source divisions. From 1997 to 1999 Mr. Fierman held the position of Chief Financial Officer of Brand Manufacturing Corp. which was acquired by Source Interlink in 1999.
Mr. Fierman commented, "I am eager to join David Pecker and his senior management team at such an exciting time. In the past year, I have watched David develop the industry’s first publishing services unit and I am eager to help it grow and evolve. I also want to thank David for giving me the opportunity to also serve DSI as its Chief Financial Officer and look forward to the challenges ahead in maintaining its #1 position in the industry.”
“We are thrilled to have Marc join the team. He brings unique skills and experience to our financial leadership and recruiting him is another essential step for our future,” said Chief Financial Officer of AMI, Chris Polimeni.
Mr. Fierman will report to Chris Polimeni effective today.
About American Media, Inc.
American Media, Inc. owns and operates the leading print and digital celebrity and health and fitness media brands in the United States. AMI’s titles include Star, OK!, National Enquirer, Globe, Soap Opera Digest, Soap Opera Weekly, Pixie, Shape, Men’s Fitness, Muscle & Fitness, Flex, Muscle & Fitness Hers, Fit Pregnancy and Natural Health. AMI also manages 18 different digital sites including RadarOnline.com, OKmagazine.com, Shape.com, MensFitness.com, MuscleandFitness.com and FitPregnancy.com. AMI’s magazines have a combined total circulation of almost 7 million and reach more than 55 million men and women each month. AMI’s digital properties reach an average of 10 million unique visitors and 80 million page views monthly.
AMI also operates a Publishing Services business unit which includes Distribution Services, Inc. (DSI), the No. 1 in-store magazine sales and merchandising marketing company in the U.S. and Canada. DSI places and monitors AMI’s publications and third-party publications to ensure proper displays in major retail chains and national and regional supermarket chains. DSI also provides marketing, merchandising and information gathering services to third parties including non-magazine clients. Publishing Services also provides print and digital advertising sales and strategic management direction in the following areas: manufacturing, subscription circulation, logistics, event marketing and full back office financial functions. Playboy is one of many publishers who have taken advantage of these additional services.
About Distribution Services, Inc.
Distribution Services, Inc. is the country's #1 in-store magazine merchandising company and is a subsidiary of American Media, Inc. American Media, Inc. is the leading publisher of celebrity journalism and health and fitness magazines in the U.S. These include Star, Shape, Men’s Fitness, Fit Pregnancy, Natural Health, and The National Enquirer. For more information, go to www.distributionservices.com
