MATTHEW HUPFELD TO JOIN LONDON BROADCASTING COMPANY AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
CARL KORNMEYER NOW FULL-TIME CHIEF OPERATING OFFICER OF LBK ENTERTAINMENT
May 2, 2013
Dallas, Texas - London Broadcasting Company ('LBC"), Inc., the owner and operator of Texas-based media properties, announced today that Matthew C. Hupfeld will join the Company as Vice President and Chief Financial Officer effective July 15, 2013.
Mr. Hupfeld has extensive broadcast experience and is currently Chief Financial Officer and Vice President of Finance at Newport Television LLC, the Kansas City-based television broadcaster headed by Sandy DiPasquale. Newport Television is currently completing the approximate $1.1 billion sale of its 50 TV stations. Prior to Newport Television, Mr. Hupfeld was Divisional Chief Financial Officer and Vice President of Finance at Clear Channel Television.
Terry E. London, President of LBC, commented: "We are extremely pleased to add Matt to the management team at LBC. He has tremendous experience in the television industry and his expertise will greatly contribute to our growing company. As a University of Texas graduate and a Texas native, Matt brings added insight to our Texas-based strategy."
With the addition of Mr. Hupfeld to the LBC management team, Carl Kornmeyer, LBC's current Executive Vice President and Chief Financial Officer, will move to a full-time role as Vice President and Chief Operating Officer of LBK Entertainment, LBC's music and video content group. LBK's music group is comprised of BE Music & Entertainment and Artist Management Partners. The music group creates and owns music-related content and focuses on artist development, management, publishing, recording and event marketing. LBK's 41 Entertainment is a television production company focused on original programming for music entertainment and outdoor lifestyle.
Terry E London said: "Carl is one of the founding partners of LBC and has done an outstanding job as the Company's CFO. With the addition of Matt, Carl will now have an opportunity to concentrate on our growing content business."
About London Broadcasting Company and Related Entities
Terry E. London and SunTx Capital Partners formed London Broadcasting Company in 2007, to acquire and operate Texas-based media properties. LBC operates 28 channels in Texas including networks from NBC, ABC, CBS, CW, Me-TV, THIS, COZI and Mundo Fox located in Dallas-Fort Worth (DMA #5), Waco-Killeen-Temple-Bryan-College Station (DMA #88), Tyler-Longview (DMA #107), Corpus Christi (DMA #129), Beaumont-Port Arthur (DMA #141) Abilene (DMA #164), and San Angelo (DMA #196). LBC serves 10.6 million Texans in 3.9 million households, representing 40.8% of the Texas population. LBK Entertainment, headquartered in Dallas and Nashville, is a music and a video content company comprised of BE Music & Entertainment, Artists Management Partners and 41 Entertainment. LBK has approximately 35 artists under management and produces four original television series. More information about LBC and its related entities can be foundwww.LondonBroadcastingCompany.com
About SunTx Capital Partners
SunTx Capital Partners, LP, is a Dallas-based private equity firm that invests in middle market manufacturing, distribution and service companies. SunTx specializes in supporting talented management teams in industries where SunTx can apply is operational experience and financial expertise to build leading middle-market companies with operations typically in the Sun Belt region of the United States. SunTx was founded in 2001 and currently has over $600 million of assets under management. The capital committed by SunTx comes from the principals of SunTx as well as from institutional investors, including leading university endowments and corporate and public pension funds. More information about SunTx can be found at www.suntx.com.
London Broadcasting Company, Inc.
SunTx Capital Partners
Kekst and Company