Gordon Crovitz
Former Publisher
The Wall Street Journal

L. Gordon Crovitz is former Publisher, The Wall Street Journal, executive vice president of Dow Jones & Company, and president of the Company's Consumer Media Group. He was responsible for the Company's media operations serving consumers, including The Wall Street Journal, Wall Street Journal Online, Barron's and Barron's Online, MarketWatch and the company's other web properties as well as television, video and audio, and the Company's SmartMoney and Vedomosti joint ventures. He now writes a weekly column to the Journal, called "Information Age," as an outside contributor.

Mr. Crovitz served from 1998 to 2006 as senior vice president of Dow Jones and president of the Electronic Publishing group, where he was responsible for the Company's Dow Jones Newswires, Financial Information Services, Dow Jones Indexes and Dow Jones Consumer Electronic Publishing businesses, which included The Wall Street Journal Online, Barron's Online and MarketWatch. During this time, electronic and online publishing revenues doubled to more than $500 million, operating income tripled to more than $110 million and the operating margin grew to more than 22% from less than 5%. In 1999, Mr. Crovitz was a founder of Factiva, which is now No.1 in its market, from No. 3 in 1999.

Earlier in his career, Mr. Crovitz was corporate vice president/planning and development, with responsibility for identifying new business strategies and opportunities for the Company and its major business units. He spent most of the 1990s in Hong Kong. In 1992, he was named editor of the Far Eastern Economic Review, a Dow Jones magazine, and in 1993 assumed additional responsibilities as the Review's publisher and as managing director of Review Publishing Co. He was named managing director of Dow Jones Telerate's Asia/Pacific region in October 1996. He also served as chairman of the Dow Jones Asia Regional Committee.

Mr. Crovitz began his career at Dow Jones in 1980 as a summer intern writing editorials for The Wall Street Journal and was founding editorial page editor of The Wall Street Journal Europe in Brussels in 1982. He launched and wrote the weekly Journal column, "Rule of Law" and from 1990 to 1992 also wrote editorials for Barron's.

He has written numerous articles, including for the Harvard Business Review. In 2004, Mr. Crovitz was named one of the top 10 business innovators by the New York Executive Council. He is on the boards of a venture capital investment advisory committee of Media Technology Ventures, the Downtown-Lower Manhattan Association, American Association of Rhodes Scholars and its scholar selection committee and the Knight-Bagehot and ProPublica boards of advisors. He has served on the board and advised startups and other companies.

Mr. Crovitz is a graduate of the University of Chicago. He earned a law degree at Wadham College, Oxford University, as a Rhodes Scholar, and a J.D. from Yale Law School. He and his wife, Minky Worden, have two sons.

Keith Fox
President
BusinessWeek

Previously, Mr. Fox was president of McGraw-Hill Professional, the premiere professional publisher of printed and digital products and services, since September 2004. Under Mr. Fox’s leadership, McGraw-Hill Professional capitalized on new opportunities, particularly in the area of online products and services, and is credited with repositioning, re-energizing, and substantially improving the unit’s performance.

Mr. Fox first joined The McGraw-Hill Companies in 2000, as senior vice president of Marketing and Business Development for BusinessWeek. He has been recognized by the corporation for the key role he has played in its success. In particular, he was responsible for successfully launching new products and services, including BusinessWeek TV, the weekly syndicated personal finance program, and BusinessWeek Investor Education products. Under his leadership, BusinessWeek.com has become a leading website and an integral part of the BusinessWeek franchise.

Prior to joining McGraw-Hill, Mr. Fox was vice president of New Media at Reader's Digest Association, where he launched Readers Digest Health with Web MD and ReadersDigest.com. Mr. Fox started his business career as a consultant with Booz Allen & Hamilton in New York before moving on to Unilever as a brand manager where he launched many new products and line extensions.

Mr. Fox holds a bachelor's degree in American history from Brown University and a M.B.A. in marketing from the Columbia Business School. Mr. Fox is on the Executive Committee of the Board of Directors for the Magazine Publisher’s Association.

BusinessWeek is a leading global business media organization, providing unparalleled insight and analysis to a worldwide audience of business leaders. Founded in 1929 and published by the McGraw-Hill Companies, BusinessWeek magazine is the market leader, with more than 4.8 million readers each week in 140 countries. Other local language editions include Russian, and Bahasa Indonesian. Launched in 1994, BusinessWeek.com is the preeminent provider of daily, essential business news, information, and services to business decision-makers. Reaching 85% of U.S. households, BusinessWeek TV delivers important business, consumer and financial news to television viewers every week.

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com.

Jill Greenthal
Senior Advisor
The Blackstone Group

Before joining Blackstone in 2003, Ms. Greenthal was Co-Head of the Global Media Group, Co-Head of the Boston Office and a member of the Executive Board of Investment Banking at Credit Suisse First Boston. Ms. Greenthal was also Co-Head of the Boston office of Donaldson, Lufkin and Jenrette, before its acquisition by CSFB. Prior to joining DLJ, she was Head of the Media Group at Lehman Brothers.

Ms. Greenthal has advised and financed media companies for over 20 years, having worked in all sectors of the business. Notable transactions include the $69.9 billion acquisition of Tele-Communications, Inc. by AT&T Corp; the consensual restructuring of NTL, Inc.; the investment by Microsoft Corporation into AT&T related to the acquisition of Media One; the sale of the Chronicle Publishing Company, including the sale of the San Francisco Chronicle to Hearst Corporation; the sale of Central Newspapers to Gannett; the acquisition of Overture Services by Yahoo! Inc.; the merger of Time Incorporated with Warner Communications; and the investments by Itochu, Toshiba and US West into Time Warner Entertainment. She recently advised Comcast Corporation in connection with their joint acquisition of Adelphia with Time Warner and also advised the independent directors of Fox on the buyout of the company by News Corporation.

Ms. Greenthal graduated as a member of The Academy from Simmons College and received an MBA from Harvard Business School. Ms. Greenthal is on the Board of Directors of Akamai Technologies, Freedom Communications, Orbitz Worldwide and Universal Orlando. Ms. Greenthal also serves on the Investment Committee of Noble and Greenough School.

Christie Hefner
Chairman of the Board, Chief Executive Officer
Playboy Enterprises

Christie oversees policy, management and strategy in all areas of Playboy Enterprises.  She joined Playboy in 1975 and worked in a variety of the Company's businesses before being named president in 1982.  In 1988, she was elected to her present position of Chairman and CEO with the New York Stock Exchange-listed international media and entertainment company. During her tenure, Christie has restructured operations and initiated the Company’s highly successful electronic and international expansion.  Extending its magazine franchise overseas, Playboy now has 24 localized foreign editions and is the best-selling monthly men’s magazine in the world.

Under Christie’s leadership, the Company has developed its largest profit center, its television business — the first time a magazine successfully leveraged its brand into television. Playboy-style content is also broadcast via Playboy Radio on Sirius 24 hours per day.

Christie led the Company onto the Internet in 1994 when Playboy became the first national magazine on the World Wide Web.  Playboy.com – which is made up of original content as well as repurposed content from the magazine and television – is a multiple revenue business with e-commerce, subscriptions, advertising and online gaming, and is a fast-growing profit center.

The Company has shown dramatic digital growth worldwide and is now distributed through online and mobile platforms in more than 35 countries. 

Christie has also greatly expanded the leveraging of the Playboy brand via licensing. Last year, Playboy generated more than $800 million in global retail sales of consumer products. The Company is additionally expanding with multi-faceted location-based entertainment venues that include gaming, starting in Las Vegas where the Playboy Club casino opened at the Palms Casino Resort in 2006. The company recently announced that a second location, Playboy Mansion Macao, will open in 2009.

For her revolutionary efforts in the digital space, Christie was named to the Media Industry Newsletter’s Digital Hall of Fame in 2005.  Forbes magazine named Christie to its “100 Most Powerful Women in the World” list in 2005, 2006 and 2007 for overseeing the expansion of the Playboy empire beyond print and building the brand globally.

Elected to Phi Beta Kappa in her junior year of college, she graduated from Brandeis University summa cum laude with a Bachelor of Arts degree in English and American literature in 1974.  She became a President’s Councilor of her alma mater in 1978. Active in numerous local and national organizations, Christie serves on the board of the Magazine Publishers Association and on its Government Affairs Committee.

Andrew Heyward
Senior Advisor
Marketspace LLC/Monitor Group

Andrew Heyward is a senior advisor to Marketspace LLC, a subsidiary of  Monitor Group that specializes in helping companies use digital technology to drive growth and revenue by enhancing customer interactions. Heyward’s particular interests include advising traditional media companies on creating and strengthening original online content, making more effective use of broadband video, and developing new business models for the digital era.

Heyward was President, CBS News, from January 1996-November 2005. 

During that time, CBS News programming grew significantly in audience, regularly scheduled hours and profitability. Under Heyward’s leadership, CBS News’s tradition of journalistic quality and integrity was recognized with an extraordinary number of broadcast journalism’s most prestigious awards: 57 News and Documentary Emmys, 13 Peabody, 13 Alfred I. DuPont/Columbia University, six Overseas Press Club and 46 RTNDA/Edward R. Murrow Awards. The list of Murrows includes seven for Overall Excellence:  four for television—including 2003, 2004 and 2005—and three on the radio side.

Heyward also spearheaded CBS News’s move into new media. Its award-winning website, CBSNews.com, became increasingly competitive and was a leader in providing free, advertiser-supported broadband video. Heyward also was a key force in the establishment of the leading financial news website, CBS MarketWatch, and served on its board of directors from its founding in 1997 to its acquisition by Dow Jones in January 2005.

Before his tenure as President, Heyward was executive producer, CBS EVENING NEWS, and Vice President, CBS News (October 1994-January 1996). Heyward was also responsible for developing and launching 48 HOURS, the primetime CBS News hour that premiered in January 1988. He has won 12 national Emmy Awards.

Heyward was born in New York.  He was graduated magna cum laude from Harvard University with a B.A. in history and literature. He and his wife, Jody Gaylin, live in Hastings-on-Hudson, N.Y. They have three children.

Norman Pearlstine
Senior Advisor
The Carlyle Group

Norman Pearlstine joined The Carlyle Group in September, 2006. He is a Senior Advisor to the private equity firm’s telecommunications and media group, based in New York.

Prior to joining Carlyle, Pearlstine was a Senior Advisor to Time Warner Inc. from January 1, 2006. Before that, he served for 11 years as editor-in-chief of the company’s Time Inc. subsidiary. As editor-in-chief, the fifth in the company’s history, Pearlstine oversaw the editorial content of Time Inc.’s 154 magazines, including Entertainment Weekly, Fortune, In Style, Money, People, Real Simple, Sports Illustrated, and Time.

Prior to joining Time Inc., Pearlstine worked for The Wall Street Journal from 1968 to 1992, except for a two-year period, 1978-1980, when he was an executive editor of Forbes magazine. At the Journal, he served as a staff reporter in Dallas, Detroit and Los Angeles (1968-1973); Tokyo bureau chief (1973-1976); managing editor of The Asian Wall Street Journal (1976-1978); national editor (1980-1981); editor and publisher of The Wall Street Journal/Europe (1982-1983); managing editor (1983-1991); and executive editor (1991-1992).

After resigning from the Journal in June 1992, Pearlstine spent a year launching Smart Money magazine for the Journal’s parent, Dow Jones & Company, and for Hearst. He then became general partner of Friday Holdings L.P., a multimedia investment company, in April 1993 and held that position until joining Time Inc. in October 1994.

In January 2005, the American Society of Magazine Editors named Pearlstine the recipient of its Lifetime Achievement Award and inducted him into the Magazine Editors’ Hall of Fame. He was honored with the Loeb Lifetime Achievement Award for Distinguished Business and Financial Journalism in 2000. He received the National Press Foundation’s Editor of the Year Award in 1989.

Pearlstine is President and CEO of The American Academy in Berlin and is President of the Atsuko Chiba Foundation, which provides scholarships to Asian journalists for study in the U.S. He also serves on the boards of the Carnegie Corporation, the Committee to Protect Journalists, the International Center for Journalists, the Arthur F. Burns Fellowship Program, the Berlin School of Creative Leadership at Steinbeis University and the Tribeca Film Institute. He serves on the advisory boards of the Nieman Foundation at Harvard University, the Annenberg School of Communications at the University of Southern California and the City University of New York’s Graduate School of Journalism. He is also a member of the Council on Foreign Relations and the American Academy of Arts and Sciences.

Pearlstine received his B.A. from Haverford College, his L.L.B. from the University of Pennsylvania, and he did postgraduate work at the law school of Southern Methodist University. He is a member of the Bar Association of the District of Columbia.

Pearlstine is the author of, OFF THE RECORD: The Press, the Government, and the War over Anonymous Sources, for Farrar, Straus and Giroux, which was published in June 2007.

He is married to Jane Boon Pearlstine, Ph.D., a writer and researcher on technology and policy.

More information can be found at www.normanpearlstine.com.

Thomas C. Rubin
Chief Counsel for Intellectual Property Strategy
Microsoft

Thomas C. Rubin is Chief Counsel for Intellectual Property Strategy at Microsoft Corporation, where he leads the group that is responsible for the development and protection of Microsoft’s copyright and trademark portfolio and for the promotion of its corresponding policy positions worldwide. Tom’s group supports all of Microsoft’s businesses, such as Windows, MSN/Windows Live, Microsoft Office and Xbox, which include several of the world’s most successful copyrighted works, most highly-valued brands, most innovative digital content creation tools, and largest distribution platforms.

During his 10 years at Microsoft, Tom has focused on the need to create a healthy, vibrant and sustainable ecosystem in the digital age by striking the right balance between the interests of consumers, creators and innovators. To further these efforts, Tom has led several intra- and inter-industry initiatives related to the digital ecosystem, including the recent User Generated Content Principles. He has spoken widely about the subject at Harvard, Yale, Stanford, Berkeley, Seoul National University, the Smithsonian Institution, PFF Aspen Summit and Fordham International IP Conference. He has also testified about intellectual property reform before the U.S. Senate Judiciary Committee, addressed the International Copyright Forum in Beijing, and presented at the annual meetings of the Intellectual Property Owners Association, the Copyright Society of the USA and the Association of American Publishers.

Throughout Tom’s professional career, he has focused on the intersection of technology and media. In the 1990s he was an Assistant United States Attorney in the Southern District of New York, where he was a pioneering federal prosecutor of computer, electronic and telecommunications crimes. In that position Tom received numerous awards, including the U.S. Department of Justice Director’s Award for Superior Performance as an Assistant United States Attorney. Tom also practiced law at Debevoise & Plimpton in New York, where he represented Sony Corporation, Time Inc., Infinity Broadcasting Company and others in intellectual property and media law matters. Prior to law school, Tom worked as a news clerk and supervisor in the newsroom at The New York Times.

Tom graduated with distinction from Yale University and Stanford Law School, where he is currently on the Board of Visitors and a fellow at Stanford’s Center for Internet and Society. Following law school, he clerked for Judge Leonard B. Sand in the Southern District of New York and Chief Judge James L. Oakes in the U.S. Court of Appeals for the Second Circuit.

Vincent Sadusky
President & Chief Executive Officer
LIN TV Corp.

Vincent L. Sadusky is President and Chief Executive Officer of LIN TV. Mr. Sadusky was appointed to this position in 2006 after serving as Chief Financial Officer of the Company since 2004.

Prior to LIN TV, Mr. Sadusky served as Chief Financial Officer and Treasurer of Telemundo Communications, Inc., the Hispanic broadcasting network and station group. During his 10 year tenure at Telemundo, he made significant contributions to the company’s growth and success, including presiding over Telemundo’s IPO in 1994 and the network’s merger with NBC in 2001. Mr. Sadusky led four equity and eight debt offerings, structured and financed seven TV station purchases and helped form domestic and international ventures. He reported to financially sophisticated owners, including General Electric/NBC Universal, Liberty Media, Apollo Group and Sony Pictures. Prior to joining Telemundo, he performed attestation and consulting services for seven years with Ernst & Young, LLC, one of the world’s leading professional services organizations.

Mr. Sadusky currently serves on the board of directors for LIN TV, as well as Maximum Service Television, Inc. (MSTV), WorldNow, and JVB Financial.

A native of New Jersey, Mr. Sadusky received his MBA degree from New York Institute of Technology and his BS in accounting from Penn State University, where he was a University Scholar.

John Suhler
Founding General Partner and President
Veronis Suhler Stevenson

John S. Suhler is Founding General Partner and President of Veronis Suhler Stevenson. He has been actively involved in raising the capital of Veronis Suhler Stevenson's private capital funds. Mr. Suhler, for the majority of his operational career, was a Senior Manager/Publisher/President in educational (el-hi, college, supplemental materials) and professional publishing; consumer publishing; weekly newspapers, consumer magazines and books, professional (medical and healthcare) journals, monographs, and newsletters. Mr. Suhler was trained early on as a direct marketing and periodical subscription marketing manager and was instrumental later as a circulation director and publisher in the application of mathematical modeling to the business of circulation and print order planning and optimization of customer acquisition and publishing metrics in general. Mr. Suhler participates in the management presentations and due diligence reviews of nearly all portfolio company acquisitions and significant add-ons, and he has served on the Board of Directors of many of the Fund's portfolio companies and attended Board meetings as observer for most of the balance. Prior to co-founding VSS in 1981, Mr. Suhler was President of CBS Publishing Group, a $550 million (1980) revenue multinational operation (educational basal series and supplemental materials, hard cover consumer trade, medical text and treatise, and consumer magazines and paperback books) and one of the four operating groups of CBS, Inc., and previously was President of CBS Publications, the consumer periodical and mass market trade and paperback book publishing division of CBS, and was VP-Publisher of the Psychology Today group at Ziff Davis Publishing and CRM, Inc.

Mr. Suhler has been a member of the Board of Directors of the Association of American Publishers and the Magazine Publishers of America, and an affiliate member of the American Newspaper Publishers. Mr. Suhler created and has served as Editor-in-Chief for the Veronis Suhler Stevenson Communications Industry Forecast, published since 1987, one of the leading econometric forecasts and historical record of spending on media in the United States.

Mr. Suhler received his BS from the University of Kansas, where he attended the William Allen White School of Journalism and was Chairman of The University Daily Kansan Board. He is currently a Trustee of the William Allen White Foundation and the recipient of the University of Kansas Journalism School Legacy Achievement Award.