Newsletter veteran Andrew Jacobson named managing director at specialty finance company.In a first for the industry, a newsletter publisher has become an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. . Andrew Jacobson recently was named managing director of MCG mcg microgram. mcg abbr. microgram mcg microgram. mcg Microgram, see there; the preferred written abbreviation is µg Credit Corp., a private specialty finance company that provides capital to companies in the publishing, information services See Information Systems. , broadcasting and telecom industries. He will be responsible for MCG's Netline product, which supports existing content companies in their migration to the web, and MCG's new technology lending initiative. Jacobson will lead MCG's deployment of up to $75 million to support accelerated development of web presence and e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. applications for existing publishers. He says, "The opportunity to provide financing to support the continued growth of existing publishing and information companies onto the web was compelling. MCG and Goldman are the right partners to have when executing on this strategy." MCG, which was formed in 1998 by managment and Goldman, Sachs & Co., has reportedly lent money to Phillips Business International and UCG--both leading newsletter publishers. MCG president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bryan J. Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. told NL/NL, "Andy has valuable experience in both newsletters and magazines. He's acquired or launched over 60 magazines, newsletters and online products. It's that hands-on operator's perspective that we consider very valuable, because it takes an insider to develop the products and strategy we're looking to apply to companies migrating to the web." Impressive resume... At the age of 23, Andy Jacobson founded his own newsletter publishing firm, which he later sold to Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. Publications. In the mid- to late-80s, he was associate publisher at Capitol, then a subsidiary of the UK firm Pearson Publications. He served as president of Business Research Publications, Washington, DC, for about seven years. In 1996 Jacobson founded The Washington Post Co. subsidiary Post-Newsweek Business Information Inc., by bringing together numerous acquisitions, including TechNews Inc., Washington Technology newspaper, NewsBytes News Network, Government Computer News, and the FOSE FOSE Federal Office Systems Exposition trade show. As its president and CEO, he developed it into a leading trade publisher and trade show organizer in the field of government information technology Post-Newsweek Business Information's titles include Newsbytes Asian IT Wire Newsbytes Telecom Wire Newsbytes Internet Wire. and Newsbytes Networking Wire. He is currently a board member of the Newsletter Publishers Assn. |
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