AMI is an international publisher with revenues of $537 million and EBITDA of $146 million with over 2,000 full-time and part-time employees.AMI is one of the largest media companies in the U.S. and the number one publisher of celebrity journalism, health and fitness, country music and Spanish language magazines. These include Star magazine, Shape, Celebrity Living, Men’s Fitness, Muscle & Fitness, Flex, Fit Pregnancy and Natural Health magazines, ¡Mira!, National Enquirer, and Country Weekly. In addition to print properties, AMI owns Distribution Services, Inc., the country’s leading in-store magazine merchandising company.AMI’s equity partners are Thomas H. Lee and Evercore Partners.
·Directly managed departments of 30+ employees.
·Direct reports included Accounting Department Controller, Vice-President of Tax, Financial Reporting Director, Sarbanes-Oxley Director, Advertising Billing Director and Internal Audit.
·Directly reported to the CEO of AMI.
·Responsible for all areas of accounting, finance including: SEC filings (10-K’s, 10-Q’s and 8-K’s), bond investor relations, debt compliance reporting and monitoring, federal income tax filings, state and local income and sales tax in all 50 states, budgeting, Sarbanes-Oxley compliance, internal audit programs, external audit liaison with Deloitte & Touche audit team, lead financial presenter at all Board and Audit Committee meetings, and financial systems re-engineering and maintenance.
·Presented along with CEO at quarterly earnings conference calls and bondholder annual events.
·Integral in the transformation of Star magazine from a tabloid to a glossy magazine.
·Integral in the launch of several new publications including Celebrity Living, ¡Mira!, Shape en Espanol, Living Fit, SLY and Looking Good Now.Performed acquisition due diligence on several publishing targets including Weider Publications, Times Mirror, Primedia, F&W and The Source.
·Lead in successfully converting legacy accounting and human resources software to PeopleSoft (G/L, A/P, A/R, fixed assets, T&E, payroll, HR and budgeting).
·Implemented financial systems for single copy sales, subscriptions and travel & entertainment.
·Lead on steering committee for the development of a fully integrated operational and financial paper purchasing system.
·Steering committee chairman for Sarbanes-Oxley 404 compliance.Supervise and direct KPMG outsourced team related to SOA work performance and documentation.
·Lead in $350 million acquisition of Weider Publications.
·Negotiated purchase price and led due diligence effort.Within six monthly fully integrated Weider’s back office based in Woodland Hills, CA to AMI’s back office in Boca Raton, FL. I was integral in realizing over $10 million of cost savings.Lead in $150 million bond offering and issuance of $140 million term loan to fund the Weider acquisition.Road show presentations and preparation of S-4 registration statement.
·Lead in issuance of $150 million bond offering to pay down our term loan and fund a dividend to AMI’s equity partner.Road show presentations and preparation of S-4 registration statement.
·Lead in the complete recapitalization of AMI involving a series of transactions to bring Thomas H. Lee in as an equity partner and buy down Evercore Partners equity stake in AMI.