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4-Traders Homepage  >  Equities  >  Nyse  >  Lions Gate Entertainment Corp. (USA)    LGF   CA5359192039

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Lions Gate Entertainment Corp. (USA) : Brad Schwartz Named President of Entertainment and Media for TVGN

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04/15/2013 | 06:35pm CEST

Schwartz Is First Executive Appointment of New CBS Corporation/Lionsgate Partnership

TVGN today named Brad Schwartz to be President of Entertainment and Media in its first executive appointment as part of the new CBS Corporation (NYSE: CBS.A and CBS) and Lionsgate (NYSE: LGF) partnership.

Brad Schwartz named President of Entertainment and Media of TVGN and is the first executive appointm ...

Brad Schwartz named President of Entertainment and Media of TVGN and is the first executive appointment under the new CBS Corporation and Lionsgate partnership. (Photo: Business Wire)

Schwartz, who has served as a top programming executive for Fuse, CTV (Canada) and MTV, will oversee programming, scheduling, marketing and creative operations for the channel and will report to TVGN's Board of Directors.

"This partnership is all about improving a property that has tremendous potential it has yet to realize," said Leslie Moonves, President and CEO, CBS Corporation. "The key to that improvement will be growing the quality of the programming offered to the more than 80 million viewers who have access to TVGN. I can think of no better person to manage that process than Brad. He's a terrific addition to the team. All his experience has prepared him for this role, and I look forward to the contribution he will make as he leads this exciting new effort."

"Brad is a gifted and astute young programming executive with a hip sensibility who knows how to create exciting branded content for an emerging channel," said Lionsgate Chief Executive Officer Jon Feltheimer. "He has his finger on the pulse of pop culture and is ideally qualified to help TVGN fulfill its promise as a premiere destination for celebrating the world of entertainment."

Schwartz most recently was Senior Vice President of Programming and Operations for Fuse at MSG Media, a national TV network devoted to music. He previously served as General Manager of a suite of eight music and pop culture cable networks in Canada, part of Bell Media's CTV, including MTV Canada, MuchMusic, MTV2 and MuchMore.

Prior to that, Schwartz was Director of Global Marketing Partnerships at MTV and began his career working for Lorne Michaels at Saturday Night Live. He has been listed among The Hollywood Reporter's Next Generation and named one of Canada's Top 40 Under 40 leaders.

"I'm thrilled to join TVGN, a network backed by the programming and content resources of CBS and Lionsgate and available in more than 80 million homes," said Schwartz. "This is an incredible opportunity to build an emerging brand on the cable television landscape."

The Company also announced that Dennis Miller, former interim President of TVGN, has been named President of Operations. In this new role for the network, Miller will continue to manage affiliate sales, finance and operational strategy, working closely with Schwartz in Advertising Sales, which will report to them both.

Feltheimer added: "Dennis has done an outstanding job as interim President, and we are very pleased that he will continue to guide these important businesses. We are very fortunate to be able to add his significant talents to those of Brad and the rest of the team as we grow this property from the ground up."

About TVGN

TVGN is a highly distributed entertainment network owned by CBS Corporation and Lionsgate. The venture combines CBS's programming, production and marketing assets with Lionsgate's resources in motion pictures, television and digitally delivered content. Seen in more than 80 million homes, TVGN's programming celebrates Hollywood with original series and specials that cover celebrity lifestyles, entertainment news, the red carpets, and what Hollywood does best--movies. TVGN's new ownership structure is comprised of the company with the #1 broadcast network and many of the top first-run syndication series ("Entertainment Tonight," "OMG! Insider") and the studio that distributes the blockbuster "Hunger Games" and "Twilight" franchises and produces such award-winning dramas as "Mad Men."

For additional press information and photography, visit TVGN's press room at: www.tvgnpr.com.

Leslie Furuta, 323-856-4062

© Business Wire 2013
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Financials ($)
Sales 2017 2 565 M
EBIT 2017 53,5 M
Net income 2017 42,6 M
Debt 2017 641 M
Yield 2017 1,86%
P/E ratio 2017 66,89
P/E ratio 2018 35,44
EV / Sales 2017 1,41x
EV / Sales 2018 1,30x
Capitalization 2 971 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 26,3 $
Spread / Average Target 30%
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Jon Feltheimer CEO & Non-Independent Executive Director
Mark H. Rachesky Chairman
Steven Preston Beeks Co-COO & President-Motion Picture Group
Brian Goldsmith Co-Chief Operating Officer
James W. Barge CFO & Principal Accounting Officer
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