Jeffrey Bloomberg Joins RHI Entertainment Board of Directors
18 Junho 2009 - 5:05PM
Business Wire
RHI Entertainment, Inc. (NASDAQ: RHIE), a leading developer,
producer, and distributor of new made-for-television (MFT) movies,
miniseries, and other television programming, today announced that
Jeffrey Bloomberg has joined the company�s Board of Directors. With
Mr. Bloomberg�s appointment, a majority of RHI�s Board is now
comprised of independent directors, satisfying all applicable
NASDAQ Stock Market listing standards.
�Jeffrey�s leadership skills and financial markets acumen will
make him an outstanding contributor to our Board,� said Mr. Robert
Halmi Jr., RHI President and Chief Executive Officer. �We are
confident that Jeffrey�s experience will help us execute on our
operational objectives.�
Mr. Bloomberg is currently Principal, Managing Director and
member of the Office of the Chairman at Gordon Brothers Group.
Prior to this position, Mr. Bloomberg worked in investment banking
for nearly twenty years, beginning at Lehman Brothers and then with
Bear Stearns, where he was a General Partner and Senior Managing
Director for the Retail and Consumer Products Sectors. In addition,
he was a member of Bear Stearns' Valuation Committee. While at Bear
Stearns, he also had considerable experience in the filmed
entertainment industry, working on such accounts as Orion Pictures
and Warner Brothers.
Mr. Bloomberg added, �I am excited to work with Mr. Halmi and
Mr. Sagansky and the entire RHI management team on the numerous
growth opportunities they have in front of them. This is a great
business and one that has a solid reputation in the media and
entertainment industry.�
Mr. Bloomberg is a current board member of Nortek, Inc., where
he serves on the Audit Committee. He formerly served on the boards
of Tweeter Home Entertainment Group Inc., Duckwall-ALCO Stores,
Inc. and Ashai America, Inc. He has been active in a number of
community organizations and currently serves on the Boards of The
Boys and Girls Clubs of Greater Boston and Facing History and
Ourselves. Mr. Bloomberg is a graduate of Dartmouth College and
holds an MBA from Harvard Business School.
About RHI Entertainment
RHI Entertainment, Inc. (NASDAQ: RHIE) develops, produces and
distributes made-for-television movies, miniseries and other
television programming worldwide, and is the leading provider of
new long-form television content in the United States. Under the
leadership of Robert Halmi, Sr. and Robert Halmi, Jr., RHI has
produced and distributed thousands of hours of quality television
programming, and RHI�s productions have received more than 100 Emmy
Awards. In addition to the development, production and distribution
of new content, RHI owns rights to over 1,000 titles comprising
more than 3,500 broadcast hours of long-form television
programming, which are licensed to broadcast and cable networks and
new media outlets globally.
Certain statements about the Company�s future growth prospects
in this press release are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not guarantees of future performance
and actual results may vary materially from the results expressed
or implied in such statements. Differences may result from actions
taken by RHI Entertainment, Inc., as well as from risks and
uncertainties beyond RHI Entertainment, Inc.'s control.
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