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Media Summit New York
Wednesday, February 7th
11:00 AM - 12:15 PM
Session A:
User Generated Media – The Transformative Revolution in Entertainment, News Media, Personal Communication, Search and Advertising
In the past year, the YouTube - MySpace experience has revolutionized the world of entertainment, information and communications. The world of social communities, once thought to be a thing of the past has exploded and is once again on the front pages of our newspapers and magazines. There are web pages and web experiences for every human nuance and niche. Every family communicates through photo sharing and movie sharing websites. The blogging and social networking worlds have become the new "major media networks." Is it a fad or is it the future of our collective lives? In this session we will explore user generated media as a phenomenon, as a business and as a communications and entertainment medium. What’s the real future of entertainment, user generated media or traditional TV comedies or sitcoms? What, in greater number of hours per week, will capture the consumer’s interest and committed time, traditional entertainment or user generated media? These are questions that entertainment, media and advertising executives are very much asking themselves.
Drew Buckley, General Manager, Yahoo! Studios
Elizabeth Schimel, Senior Vice President, Online Content Development, Comcast Interactive Media
Todd Herman, General Manager, Media Experiences, MSN Entertainment
Greg Kostello, CEO, vMix Media Inc.
Greg Foster, Vice President of Corporate Development, Turner Broadcasting System, Inc.
Chris Ahearn, President, Reuters Media
Dan Rose, Vice President, Business Development, Facebook
Jon Fine, Columnist, BusinessWeek, Moderator


Elizabeth Schimel, Senior Vice President, Entertainment, Comcast Interactive Media: Elizabeth Schimel serves as senior vice president of entertainment for Comcast Interactive Media, a new division of Comcast focused on developing online businesses. In this role, Schimel is responsible for the overall strategic direction for Comcast's multiplatform entertainment destinations. She is charged with growing Comcast’s portfolio of strategic partnerships to deliver best-in-class content for its award-winning consumer portal, Comcast.net, and for developing new digital media services that cross multiple platforms—online, Video On Demand, TV and wireless—including user-generated content, gaming and other national online properties. Previously, Schimel served as vice president of consumer business development at AT&T Wireless Services, where she led the content strategy and execution of new business initiatives for wireless Internet portal and messaging applications. She also ran AT&T Wireless’ ring tone and downloadable content business, a significant revenue driver for the carrier. Her accomplishments included the launch of a series of first-to-market wireless products in the United States, including the single-largest text-messaging event ever, in partnership with the television series American Idol. Prior to AT&T Wireless, Schimel held key senior leadership positions with major media, entertainment and financial organizations. These roles included senior vice president of global business development at Soundview Technology Group where Schimel played a key role in creating and structuring multi-million dollar transactions for Internet and technology companies. Schimel also held a series of executive positions with major media conglomerate Bertelsmann AG, where she was responsible for launching and running BMG’s online music service, heading worldwide operations for their video game businesses and running marketing and strategic development of electronic publishing. As vice president and general manager of BMG Entertainment’s Online Division, Schimel pioneered the company’s online and digital music business and negotiated partnerships with major media brands, including forming GetMusic, a joint venture between BMG and Universal Music. Schimel earned MBA and MA degrees in Finance, Strategic Management, and Asian Studies from the Wharton School, University of Pennsylvania.

Dan Rose, VP of Business Development, Facebook: Dan Rose is the Vice President of Business Development at Facebook where he leads the team that develops and oversees strategic partnerships for the company. Prior to Facebook, Dan was the Director of Digital Media at Amazon.com responsible for worldwide business development and product management for the company’s digital text initiatives, including Search Inside the Book, e-books, digital documents and Amazon Shorts. During his tenure at Amazon.com, Dan was also Director of Category Management for Computers and Wireless. Prior to Amazon.com, Dan developed and managed strategic alliances for a privately-held financial services firm. He began his career as the President of a professional seminar company. Dan earned a bachelor’s degree at Harvard University and studied business at the University of Michigan Business School.

Todd Herman, Director of Media Strategy, is responsible for the strategy, implementation and communication of advertising sales for MSN Video. Mr. Herman began working in streaming media in 1996, shortly after its inception, while working at the forefront of the Hot Talk Radio movement. In 1998, he co-founded and served as CEO of theDial, (now Loudeye Radio), a seminal Internet Radio Pioneer. theDial provided private labeled audio and Internet radio technology to offline music service providers and top 100 web properties; theDial was the first company to welcome multiple Fortune 500 companies to Internet Radio advertising. As President of Mediagasm, LLC, he consulted media and technology companies on crossing online and broadcast advertising models, his clients included Microsoft, Windows Media, MSNBC.com and Ads.com -an early pioneer in serving Television advertising online- where he conceived his three C's of streaming media for consumers: control, condense & combine. He sits on the board of the International Webcasters Association and is a contributing author to The Streaming Media Bible by Steve Mack (2002, Wiley & Sons). Before co-founding theDial, Mr. Herman worked in most every facet of radio including several years as a nationally known radio talk show host. Todd Herman is an exciting, provocative speaker on media, advertising, pop culture and the Internet as the entertainment delivery device of the future -- and the present.

Greg Foster is vice president of corporate development for Turner Broadcasting System, Inc. (TBS, Inc.). In this capacity, Foster heads Turner New Media Investments, a team within the New Products Group responsible for guiding strategic investment and M&A activities supporting Turner’s product-development agenda. Among the group’s activity this year are investments in MicroOptical, Revver and Vitrue. Foster is based in Atlanta and reports to David Rudolph, senior vice president of Turner’s New Products Group. The TBS, Inc. New Products Group develops next-generation businesses for emerging platforms to further leverage Turner’s brand and infrastructure strength. The group was instrumental in the creation of the new broadband networks GameTap, CNN Pipeline and ACC Select, and currently is managing a portfolio of projects in various stages of development. Most recently founder and CEO of Southern Direct, a developer of branded e-commerce extensions for linear cable channels, Foster joined Turner Broadcasting when the company acquired Southern Direct. Previously, he was a member of the management team of start-ups iXL and Silverpop Systems. He began his career at Deloitte Consulting, building internet strategies for corporate clients including Prudential Insurance and Sonoco Products, as well as the New York Transit Authority. Foster earned a bachelor of science degree in mechanical engineering at Georgia Tech and an MBA at Harvard Business School.

Greg Kostello, CEO of vMix Media Inc.: As CEO and Founder of vMix, an online community for the distribution of video content, Greg Kostello brings over 20 years experience in technology development and management. Previously, Mr. Kostello was President of Vivendi-Universal Net Technologies where he integrated the advances made in technology from MP3.com into the music industry’s commercial systems. Previous to the sale of MP3.com to Vivendi-Universal in 2001, Mr. Kostello was Executive Vice President of Technology for MP3.com where he was instrumental in growing its website into the Number 1 music community on the Internet with over 30 million registered visitors. He also cofounded DigitalStyle, a leading Web graphics tools vendor specializing in Java-based animation, acquired by Netscape/AOL in 1997. His extensive knowledge and expertise within the technology industry also includes past positions at leading companies such as Apple Computer and Netscape. Mr. Kostello has also founded or participated in five other early stage startups. Greg Kostello graduated from UC Irvine with a degree in Information and Computer Science. He served on the UCSD Connect Leadership Council from 1999-2001.



Chris Ahearn, President, Reuters Media: Chris is the President of Reuters Media, one of the firm’s four business divisions. He is responsible for the overall business performance of its two principal businesses which generate more than $300 million in revenue. Reuters News Agency syndicates wholesale news text, video and picture services to virtually every major broadcaster and publisher globally. Reuters Consumer Services publishes news and information directly to consumers via partners’ and Reuters-branded online, mobile and interactive TV platforms; these services are principally advertising supported. Prior to this appointment in 2002, Chris was the Executive Vice President in charge of the Research & Advisory business where he created the Reuters Knowledge product line. Chris joined Reuters in 2001 from J.P. Morgan. During his years at J.P. Morgan he held positions in LabMorgan; the Technology, Media and Telecommunications group, the Emerging Markets Financial Institutions Group and the Mergers and Acquisitions group. Prior to joining J.P. Morgan, he worked as an independent consultant in Russia as well as at Credit Suisse First Boston in London, Los Angeles and New York. He is on the Board of Directors of Times Global Broadcasting Co. Ltd. (a Mumbai-based television joint-venture with Bennett & Coleman that broadcasts Times Now – www.timesnow.tv), Pluck Corporation (an Austin, Texas based leader in social media solutions – www.pluck.com) and The Kitchen (www.thekitchen.org). He is a graduate of The Wharton School of the University of Pennsylvania where he earned a B.S. in Economics. He is married, has two wonderful children and resides in New York City.