Michael Mahan Returns to Dick Clark Parent Company as President
The Hollywood Reporter -- Michael Mahan has been named president of DC Media, the parent company of Dick Clark Productions, company CEO Allen Shapiro said Tuesday.
Mahan will oversee company operations including acquisitions, business affairs, finance and foreign distribution.
The new position reunites Mahan with both Dick Clark and Shapiro. Prior to 2007, when the company was sold to a group backed by Washington Redskins owner Daniel Snyder, Mahan was senior vp of corporate development at dcp.
“It's such a pleasure to welcome Michael back into the DCP family,” said Shapiro. “His track record of creating value will be invaluable as we take Dick Clark Productions to the next level. We're all looking forward to launching this new chapter with him.”
“Michael's appointment signals the intention of DC Media to structure a robust management team designed to both build and acquire a bouquet of assets to fuel the company's strategic growth,” said Peter Guber, chairman of Dick Clark Productions. “Michael is an extremely talented executive who will spearhead that growth.”
Mahan played a role in DCP's 2007 sale (HOW??), and afterward he continued to serve on the DCP board for a time (HOW LONG).
After he left DCP in 2007, Mahan served as president of TV Guide Network and TVGuide.com. He is credited with helping transition the TV Guild Network form a utility that provided video and listings to a full-screen entertainment channel now available in 81 million homes.
In September 2012, DCP was sold to Guggenheim Partners. As part of that transition, Shapiro returned as CEO and Guber was named chairman. The Hollywood Reporter is also owned by a company created by Guggenheim Partners.
Mahan also was co-owner of Direct Holdings Global, a direct-response company which marketed the Time-Life brand of products on television.
Previously, Mahan spent three years at CDP Capital Entertainment, a division of Caisse de dépôt,, where he was involved n private equity transactions in media and entertainment. He began his career as an investment banker at Bear Stearns and has done business development for eWanted.com and Checkout.com. He was also on the board of Lakeshore Productions.
DCP, founded 45 years ago by the late Dick Clark, is best known for producing numerous show business events and award shows including the Golden Globes, American Music Awards and the Academy of Country Music Awards, which aired Sunday on CBS.
Related article on THR.com:
Former Dick Clark Prods. Chief Mark Shapiro Emerges as Candidate to Lead CNN (Report)
_ _ _ _
Find more online: THR.com
Fergie, Sarah Jessica Parker, and Heidi Klum all get an F on this week's Fashion Offenders.Watch Video »
Diva Double Date
Beyonce and Alicia Keys double date with their famous hubbies on today's Celebs Gone Social.Watch Video »
Where Are They?
See what the cast of "American Beauty" is up to today.Watch Video »
J.Lo's Mini Me
Jennifer Lopez shares an adorable photo of her look-alike daughter, plus more celebritots on social media on today's Celebs Gone Social.Watch Video »
Prince Harry, Jessica Alba and more stars who threw out the first pitch at baseball games.Watch Video »
Sofia Vergara poses in a revealing neon bikini while her "Modern Family" castmates hit the beach in Australia on Celebs Gone Social.Watch Video »