Press Release #6 (3/10/08)
IN DEMAND NAMES MEDIA FINANCE VETERAN ERIC J. PETRO TO THE POST OF SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER
New York, March 10 - iN DEMAND Networks has named respected media finance executive Eric J. Petro as Senior Vice President & Chief Financial Officer. The announcement was made today by Robert D. Jacobson, President and CEO, iN DEMAND Networks. Mr. Petro will be overseeing all the accounting, finance, audit and business planning functions for the company. He will report to David Asch, Executive Vice President, iN DEMAND Networks.
Mr. Petro comes to iN DEMAND from Time Warner Cable where he was Senior Vice President, New Business and Voice Finance. He had also served there as Senior Vice President, Financial Planning and Analysis. Previously, he spent many years at Walt Disney Studios in several capacities, ultimately becoming Senior Vice President, Finance and Planning. During his years there he held several strategic business planning and financial management positions supporting their live-action and animated film businesses. He also previously worked at Deloitte Haskins & Sells (in Honolulu and Philadelphia). He received his BS in Economics from the Wharton School (University of Pennsylvania) and his MBA from Harvard Business School.
According to Mr. Jacobson, "Eric's vast experience in both film and cable is an ideal match for us as we navigate the complexities of our businesses and the evolving technologies in which they exist."
About iN DEMAND Networks
iN DEMAND Networks is the pioneer and world leader in providing exciting entertainment delivered through television's most innovative technologies. iN DEMAND creates and delivers programming through three distinct areas of business: Pay-Per-View (PPV), Video-On-Demand (VOD) and high definition (HD) programming. PPV programming includes movies, mega boxing and mixed martial arts events and the digital out-of-market subscription sports packages such as for the MLB, NBA, NHL and MLS. The company also offers a range of VOD products including first-run movies, original HD VOD content, and the exclusive TV home of Howard Stern, Howard TV On Demand. The company also operates the distinctive MOJO HD channel to serve the upscale male audience. iN DEMAND's shareholders are Comcast iN DEMAND Holdings, Inc., Cox Communications Holdings, Inc., and Time Warner Entertainment - Advance/Newhouse Partnership. Further information about the company can be found at www.indemand.com.