SOURCE: SourceMedia

SourceMedia

June 10, 2010 15:29 ET

SourceMedia Announces New Head of Banking and Capital Markets Group -- Portfolio Includes American Banker and The Bond Buyer

NEW YORK, NY--(Marketwire - June 10, 2010) -  SourceMedia, publisher of American Banker and The Bond Buyer, announced today the appointment of Karl Elken to the position of Executive Vice President and Managing Director of the Banking and Capital Markets Group. Reporting to Doug Manoni, Chief Executive Officer of SourceMedia, Elken is responsible for managing the Commercial Banking, Payments, Mortgage, and Capital Markets product portfolios, which include American Banker and The Bond Buyer, National Mortgage News, and Investment Dealers' Digest.

Elken, who will also be a member of SourceMedia's executive committee, was most recently at The Taunton Press where he held the position of Senior Vice President of Sales. Prior to that, he spent nine years at Ziff Davis Media in various publisher and sales leadership positions.

"Karl is a multi-faceted media executive with an impressive publishing background," said Manoni. "He is both eager and well-prepared to contribute to the evolution of our product strategy."

SourceMedia's objective is to expand its footprint as a diversified information company serving related segments of the financial services industry. The company's focus comprises both traditional and new media sources, with special emphasis on subscription-based services, including business applications and decision-supporting tools.

Elken fills the position vacated by Doug Manoni when he assumed the role of Chief Executive Officer of SourceMedia in January 2010.

"There has never been a greater need for timely news and analysis in the financial industry than today," said Elken. "Armed with the industry's flagship brands, we are perfectly positioned to expand the reach of our content and information services, while developing new and exciting marketing platforms for our marketing clients."

In another new hire, John DeCesare joined SourceMedia as Group Publisher and Northeast Sales Manager for the Commercial Banking Group. He will be responsible for managing the sales team and all media revenue for American Banker, U.S. Banker and Bank Technology News. DeCesare was most recently Group Publisher, Life & Health Insurance Network with Summit Business Media.

About SourceMedia
SourceMedia, an Investcorp company, is a leading provider of timely and essential news, analysis, research, and insights for members of the financial services community, and the related fields of professional services and technology. SourceMedia offers its clients and subscribers professional publications and online information services, industry-standard data applications and in-depth seminars and conferences.

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